5706 Lincoln St Hollywood, FL 33021
- Small apartment buildings
Current Use by Public Records
- Small apartment buildings
Property Details for 5706 Lincoln St
- Year built
- 1974
- Property type
- Small apartment buildings
Description
This exceptional investment opportunity presents a well-maintained duplex located at 5706 Lincoln St, Hollywood, FL 33021, in Broward County. Built in 1974, this single-story property features two spacious units, each boasting two bedrooms and two bathrooms. Currently, one unit is leased at $1,625 per month until December 31st, offering immediate rental income. The second unit is vacant, presenting the opportunity to increase rental revenue. Market analysis suggests that with appropriate rent adjustments, both units could generate a combined monthly income of $4,400. The property benefits from ample parking, a significant advantage in this area. Its central Hollywood location provides easy access to major transportation arteries, including the Florida Turnpike and I-95, as well as nearby amenities such as the Hard Rock Casino and local schools. This duplex is ideal for investors seeking a strong return on investment or owner-occupants looking to generate rental income while residing in one unit. The asking price for this property is $620,000. This represents a compelling opportunity to acquire a well-situated, income-producing asset in a desirable location.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Hollywood
- County
- Broward
- State
- Florida
- Longitude
- -80.2021323
- Latitude
- 26.0165805
