9 months on rocket

Backup Offers

1942 Monroe St, Hollywood, FL, 33020

$925,000

Home List Price

$10,000*

Closing Credit

0 Baths
2,640 SqFt
$350/SqFt
Multi

Location

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1942 Monroe St, Hollywood$925,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeQuadruplex
Year Built1955
HeatingWall Furnace
CoolingWall/Window Unit(s)
MLS #A11522777
StatusAccepting Backup Offers
(Active Under Contract)

About 1942 Monroe St

Introducing 1942 Monroe St, an exceptional fourplex presenting a lucrative investment opportunity. This property features two spacious 2-bed/1-bath units and two cozy 1-bed/1-bath units, all currently at full occupancy. Unlock the potential for an impressive $93,000 annual income by adjusting rents to market rates. The property is designed for efficiency, brand new roof, separate electric meters and impact windows for cost-effective maintenance. Conveniently located just a 2-minute drive from Young Circle, this investment is not only financially promising but also strategically positioned. Parking is hassle-free with 6 assigned spaces, and to sweeten the deal, seller financing is available. Don't miss the chance to own this income-generating gem at 1942 Monroe St.

Property Details

Property Features

Property Information:

  • Architectural Style: Fourplex
  • Year Built: 1955
  • Stories: 1
  • Living Area: 2,640 SqFt

Listing Office:

  • Office Name: Fausto Commercial Realty Consultants Inc
  • Office Phone: (305) 431-2258
  • Listing Agent: Elior Levi

Interior Features

Interior Information:

  • Flooring Type: Other, Terrazzo, Tile

Virtual/3D Tour

  • Virtual Tour: 1942 Monroe St
Virtual Tour

Utilities

Utilities Information:

  • Heating: Wall Furnace
  • Cooling: Wall/Window Unit(s)

Price Information

Listing Price Info

Price Summary:

  • List Price: $925,000
  • Price Per SqFt: $350/SqFt
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Housing Market Comparison

See how this home compares to others in Hollywood, FL.

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Hollywood, FL

City

Med. Sold Price

$485K

Med. Price/SqFt

$359

Avg. Days On Market

75

# of Sold Homes

99

1942 Monroe St vs Hollywood

297 DAYS ON ROCKET

+222 Days

$925,000

+$440K More

$350/SqFt

-$9 Less

KEY TAKEAWAY

This property is $440K more than the Median Sold Price and $9/SqFt less than other homes in Hollywood, FL.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: SEFMIAMI
  • MLS Number: #A11522777

Listing Office:

  • Office Name: Fausto Commercial Realty Consultants Inc
  • Office Phone: (305) 431-2258
  • Listing Agent: Elior Levi

IDX © 2024 Miami Association of REALTORS®. All rights reserved. The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of the Miami Association of REALTORS®. All information is deemed reliable but not guaranteed by the MLS and should be independently verified. The MLS, this broker and their affiliates provide all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This property is offered without respect to any protected classes in accordance with the law.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/21/2024, 9:20:47 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

We're sorry, we currently don't have sales or tax history data for this listing.

Payment Calculator

$4,684

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$2,840

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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.

Nearby Schools

school-card-donut-430506
3
/10

  • Hollywood Central Elementary School

  • 1700 Monroe St

  • 0.27 miles

  • Public District Grades KG-5

school-card-donut-430507
10
/10

  • Hollywood Academy of Arts & Science

  • 1705 Van Buren St

  • 0.36 miles

  • Public Charter Grades KG-5

school-card-donut-430508
2
/10

  • Colbert Elementary School

  • 2701 Plunkett St

  • 0.99 miles

  • Public Magnet Grades PK-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $35,559. Most Hollywood, FL residents have annual incomes less than $35k. Typical family type is single, no kids. Most residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Rocket Homes›Florida›Broward County›Hollywood›33020›1942 Monroe St

This home is located at 1942 Monroe St in Hollywood, FL and zip code 33020 in the Park Side neighborhood. This 2,640 square foot home was built in 1955. It has been listed on Rocket Homes since January 29, 2024 and is currently priced at $925,000.

Hollywood, FL housing market in October 2024 saw over 8 listings sold above listed price, more than 9 sold at listed price and over 82 sold below. Between September 2024 and October 2024, Hollywood, FL real estate market has seen increase in the number of listings by 9.3%. The median list price of listings available in October 2024 was $485,000, while the average time on the real estate market was 75 days.

From Rocket Homes Real Estate and based on county public records data.

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