DEVELOPMENT OPPORTUNITY! Site plan development phase, two lots being sold 1841 / 1847 Mayo Street, for a combined total of 16,377 sq ft. A potential income opportunity for luxury apt. complex. Zoned high-intensity, multi-family, build up-to 42 units (1/1) or 32 units combined consisting of studios (4), one bedrooms (14) and two bedrooms (14). The possibilities are endless with these two properties combined. Rental properties are in high demand in this growing market. Current rental income $1500 per home that sits on these properties, below market value. Paying month to month tenants.
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$8,303
Per Month
Principal & Interest
$8,236
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$5,013
Powered By
Advertisement
NMLS#3030
Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
3
/10
Hollywood Central Elementary School
1700 Monroe St
Distance between this listing and this school0.60 miles
Public District Grades KG-5
10
/10
Hollywood Academy of Arts & Science
1705 Van Buren St
Distance between this listing and this school0.79 miles
Public Charter Grades KG-5
2
/10
South Broward Montessori Charter School
520 NW 5th St
Distance between this listing and this school0.81 miles
Public Charter Grades KG-5
Nearby Schools
9
/10
Hollywood Academy of Arts and Science Middle School
1705 Van Buren St
Distance between this listing and this school0.79 miles
Public Charter Grades 6-8
3
/10
McNicol Middle School
1602 S 27th Ave
Distance between this listing and this school1.13 miles
Public Magnet Grades 6-8
9
/10
Ben Gamla Charter School
2620 Hollywood Blvd
Distance between this listing and this school1.26 miles
Public Charter Grades KG-8
Nearby Schools
3
/10
Hallandale High School
720 NW 9th Ave
Distance between this listing and this school1.17 miles
Public Magnet Grades 9-12
4
/10
The Ben Gamla Preparatory Academy
2650 Van Buren St
Distance between this listing and this school1.26 miles
Public Charter Grades 6-12
1
/10
Lanier-James Education Center
1050 NW 7th Ct
Distance between this listing and this school1.35 miles
The neighbors living near this home have an average income of $36,436. Residents of Hollywood, FL typically earn less than $35k each year. Typical family type is single, no kids. Typical level of education for residents in this area is post secondary degree.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 1841 Mayo St
What is the listing price of this property?
The listing price of 1841 Mayo St property is $1,650,000.
What type of property is this?
The property 1841 Mayo St is land located in Hollywood, Florida, 33020.
Is this property for sale now?
Active Listing: 1841 Mayo St is For Sale (Active/New) which means the seller is accepting offers.
What is the annual property tax for this property?
According to the records, the last property tax for 2020 is $4,632 (source: MLS/based on county public records data).
By checking this box and submitting your personal information, you agree to our Terms of Use and Privacy Policy. You also expressly consent to having Rocket Homes Real Estate LLC, its Family of Companies, Rocket Homes Network Partners, and potentially our mortgage partners contact you about your inquiry by text message or phone (including automatic telephone dialing system, AI voice, or an artificial or prerecorded voice) to the residential or cellular telephone number you have provided, even if that telephone number is on a corporate, state, or national Do Not Call Registry. You do not have to agree to receive such calls or messages as a condition of getting any services from Rocket Homes Real Estate, LLC or its partners. By communicating with us by phone, you consent to calls being recorded and monitored. You also agree that we can share your personal data and contact information with third parties such as mortgage partners, partner companies, and affiliates, and that these parties may use your personal data and contact information for marketing and analytic purposes, and to improve your experience.
This home is located at 1841 Mayo St in Hollywood, FL and zip code 33020 in the Park Side neighborhood. This home sits on a 16377.00 acre lot. It has been listed on Rocket Homes since September 20, 2024 and is currently priced at $1,650,000.
In November 2024, from all listings sold in Hollywood, FL there were more than 10 sold above asking price, over 80 sold below and more than 12 were sold right at the asked price. In November 2024 in Hollywood, FL there were 9.4% more homes for sale than in October 2024. Listings spent 87 days on the market in November 2024, and had a median list price of $483,177 during the same period.
From Rocket Homes Real Estate and based on county public records data.