$1,500,000
SOLD JUN 28, 2024
-- Bed
-- Bath
3,686 Sq Ft
1930 Built

Recently Sold

$407 Per Sq Ft

6% Below List Price

52 Days on Market

Highlights

  • Wood Flooring
  • Balcony
  • Heating System Mounted To A Wall or Window
  • No HOA
  • Cooling System Mounted To A Wall/Window

About This Home

As of June 2024

Seller financing available with 30% down! Introducing 206 S 15th Ave, a unique 6-unit multifamily property nestled on a corner lot in the vibrant Young Circle/Hollywood Lakes area of downtown Hollywood. This gem comprises two buildings offering a diverse mix of units, including one 2-bed/1-bath, four 1-bed/1-bath, and one studio unit. Featuring a coin laundry room, this property presents an opportunity for additional monthly income. The location is unbeatable, with easy access to restaurants, bars, shopping, and just a short drive from the beach. Recent upgrades including a new roof and landscaping add to the property's appeal. At full occupancy, it has the potential to generate approximately $140k annual income at market rates, making it a very attractive investment opportunity.

Last Agent to Sell the Property

Elior Levi

Fausto Commercial Realty Consultants Inc License #3574869 Listed on: 05/06/2024

Last Buyer's Agent

Elior Levi

Fausto Commercial Realty Consultants Inc License #3574869 Listed on: 05/06/2024

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,708

Year Built

  • Built in 1930

Home Design

  • Quadruplex
  • Shingle Roof
  • Concrete Block And Stucco Construction

Interior Spaces

  • 3,686 Sq Ft Home
  • 2-Story Property
  • Wood Flooring

Outdoor Features

  • Balcony

Utilities

  • Cooling System Mounted To A Wall/Window
  • Heating System Mounted To A Wall or Window

Community Details

  • No Home Owners Association
  • Hollywood Condos
  • Hollywood Subdivision

Listing and Financial Details

  • Rent includes hot water, gardener, rent incl, sewer, trash collection, water
  • Assessor Parcel Number 514215024590

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,708

Year Built

Built in 1930

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Year Built: 1930
  • Property Sub Type: Quadruplex
  • Architectural Style: Detached
  • Horses: No
  • New Construction: No
  • Building Stories: 2
  • Structure Type: Quadruplex, Fourplex
  • Subdivision Name: HOLLYWOOD
  • Year Built Details: Resale
  • MIAMIRE_PoolYN: No
  • ResoPropertyType: ResidentialIncome
  • Special Features: VirtualTour
  • Stories: 2

Interior Features

  • Flooring: Other, Wood
  • Possible Use: Investment
  • Stories: 2

Exterior Features

  • Roof: Shingle
  • Exterior Features: Open Balcony
  • Construction Type: CBS Construction
  • Lot Features: Less Than 1/4 Acre Lot
  • Patio And Porch Features: Open Balcony
  • Pool Private: No
  • View: No
  • Waterfront: No

Garage/Parking

  • Park Building Name: HOLLYWOOD

Utilities

  • Sewer: Public Sewer
  • Cooling: Wall/Window Unit(s)
  • Cooling Y N: Yes
  • Heating: Window/Wall
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association: No

Association/Amenities

  • MIAMIRE_TypeofAssociation: None

Lot Info

  • Parcel Number: 514215024590
  • Zoning: RS-6
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Rent Includes: Hot Water, Gardener, Other Rent Incl, Sewer, Trash Collection, Water

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 13708

Multi Family

  • Number Of Units In Community: 1
  • Number Of Units Total: 6

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/11/2025 05/11/25 For Sale $1,700,000 +13.3% $461 / Sq Ft
06/28/2024 06/28/24 Sold $1,500,000 -6.2% $407 / Sq Ft
05/06/2024 05/06/24 For Sale $1,599,000 0.0% $434 / Sq Ft
07/02/2021 07/02/21 Rented $1,737 +26.3% --
06/02/2021 06/02/21 Under Contract -- -- --
05/17/2021 05/17/21 For Rent $1,375 +31.0% --
02/10/2020 02/10/20 For Rent $1,050 0.0% --
02/10/2020 02/10/20 Rented $1,050 -20.8% --
05/01/2018 05/01/18 Rented $1,325 0.0% --
04/06/2018 04/06/18 For Rent $1,325 +32.5% --
07/02/2016 07/02/16 Rented $1,000 -9.1% --
07/02/2016 07/02/16 For Rent $1,100 -- --
Source: MIAMI REALTORS® MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: MIAMI REALTORS® MLS

MLS Number: A11581848

MIAMI REALTORS® MLS

APN: 51-42-15-02-4590