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Hollywood South Side Add

$2,200,000

1741 Dewey St, Hollywood, FL 33020

Active
Last Updated: 05/29/2025
 
 
Highlights:
  • Lot Features: City Location, Urban Area Development, Less Than 1 Acre
  • Building Features: Sidewalk
Description:

13,550 SF of land consisting of two parcels, zoned FH-2, EAST of FEDERAL HWY! BY YOUNG CIRCLE, DOWNTOWN HOLLYWOOD 15 MIN TO INT'L FT LAUD AIRPORT. Very nice neighboring buildings and new projects coming up in a very hot area of the city. Project: 24-unit multi-family building consisting of 12 2/2 units, 4 1/1.5 units and 8 1/1 units, with swimming pool over structured parking, and gym and social room on rooftop. Architectural plans developed by renowned Kaller Architecture. Layout and elevations only – no engineering plans yet. Not submitted to City of Hollywood for preliminary review yet.
One of the parcels has fourplex building in good condition including 2 recently renovated units. Generating monthly income of approximately $6,000/M while development is underway. ONLY SOLD TOGETHER.

Map:
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Today's Available Mortgage Rates

1741 Dewey St, Hollywood, Florida 33020

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Interest Rate
Mo. Payments
Max LTV Max Loan to Value is determined by the participating lenders DSCR requirements and stated NOI for the property. If no NOI is present, a 5% Cap rate is used by default.
Loan Amount
Rates as of 06/06/2025
Bank*Lender #1049
5 Year Fixed
25 Year Amortization
Interest rate 5.96% 5 Year Fixed
Mo. Payment$7,202 25 Year Amortization
Max LTV Max Loan to Value is determined by the participating lenders DSCR requirements and stated NOI for the property. If no NOI is present, a 5% Cap rate is used by default. 51% LTV $0 Lender fees
Loan Amount $1,122,000 Loan Amount
Agency*Lender #633
7 Year Fixed
30 Year Amortization
Interest rate 6.06% 7 Year Fixed
Mo. Payment$6,770 30 Year Amortization
Max LTV Max Loan to Value is determined by the participating lenders DSCR requirements and stated NOI for the property. If no NOI is present, a 5% Cap rate is used by default. 51% LTV $8,500 Lender fees
Loan Amount $1,122,000 Loan Amount
Agency*Lender #633
10 Year Fixed
30 Year Amortization
Interest rate 6.14% 10 Year Fixed
Mo. Payment$6,694 30 Year Amortization
Max LTV Max Loan to Value is determined by the participating lenders DSCR requirements and stated NOI for the property. If no NOI is present, a 5% Cap rate is used by default. 50% LTV $8,500 Lender fees
Loan Amount $1,100,000 Loan Amount
Largest Commercial Real Estate Lending
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