4 months on rocket

1947 Madison St, Hollywood, FL, 33020

$998,000

Home List Price

$10,000*

Closing Credit

0 Baths
3,039 SqFt
$328/SqFt
Multi

Location

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1947 Madison St, Hollywood$998,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Contact Us Phone Number1 (855) 200-2001

Property Highlights

Home TypeQuadruplex
Year Built1967
HeatingNone
CoolingWall/Window Unit(s)
MLS #A11615060
StatusActive

About 1947 Madison St

REDUCED FOR A QUICK SALE !!! LOCATION! LOCATION! LOCATION!!! BAR NONE, THE BEST INVESTMENT OPPORTUNITY NEAR YOUNG CIRCLE !!!FANTASTIC TURN KEY INVESTMENT. PROPERTY CONSISTS OF 5 UNITS, ALL WITH SEPARATE FPL METERS: 3 UNITS ARE TWO BEDROOMS 1 BATH, PLUS 2 UNITS ARE ONE BEDROOM, 1 BATH. BUILDING HAS A LAUNDRY ROOM, WITH A SEPARATE FPL METER.NEWER ROOF. RECENTLY FUMIGATED, ONE YEAR WARRANTY. 5 PARKING SPACES. VERY CLOSE PROXIMITY TO DOWNTOWN HOLLYWOOD, AIRPORT, SEAPORT, AND THE BEACHES. GREAT UPSIDE POTENTIAL. PLEASE CONTACT LISTING AGENT FOR ADDITIONAL INFORMATION. Current Gross operating income is $8,184/Month, Additional potential income of $1,700/month from recently listed 5th unit. Also Note: Opportunity zone, allows to build modern building up to 55 feet, or a 5 story building.

Property Details

Property Features

Property Information:

  • Architectural Style: Fourplex
  • Year Built: 1967
  • Stories: 2
  • Living Area: 3,039 SqFt

Listing Office:

  • Office Name: United Realty Group Inc
  • Office Phone: (954) 450-2000
  • Listing Agent: Alain Arwas

Interior Features

Interior Information:

  • Flooring Type: Laminate, Other

Virtual/3D Tour

  • Virtual Tour: 1947 Madison St
Virtual Tour

Utilities

Utilities Information:

  • Heating: None
  • Cooling: Wall/Window Unit(s)

School Info

Assigned Schools Information:

  • South Broward High School, Public Magnet Grades 9-12
  • Olsen Middle School, Public District Grades 6-8
  • Hollywood Central Elementary School, Public District Grades KG-5

Price Information

Listing Price Info

Price Summary:

  • List Price: $998,000
  • Price Per SqFt: $328/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

1947 Madison St vs Hollywood

126 DAYS ON ROCKET

+51 Days

$998,000

+$513K More

$328/SqFt

-$31 Less

KEY TAKEAWAY

This property is $513K more than the Median Sold Price and $31/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: #A11615060

Listing Office:

  • Office Name: United Realty Group Inc
  • Office Phone: (954) 450-2000
  • Listing Agent: Alain Arwas

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: 11/4/2024, 10:20:48 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

$5,048

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$3,059

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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.

Elementary School

school-card-donut-1810244
3
/10

  • Hollywood Central Elementary School

  • 1700 Monroe St

  • 0.34 miles

  • Public District Grades KG-5

Middle School

school-card-donut-1810245
2
/10

  • Olsen Middle School

  • 330 SE 11th Ter

  • 2.08 miles

  • Public District Grades 6-8

High School

school-card-donut-1810246
4
/10

  • South Broward High School

  • 1901 N Federal Hwy

  • 1.57 miles

  • Public Magnet Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $35,559. Residents of Hollywood, FL typically earn less than $35k each year. Typical family type is single, no kids. The majority of residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Rocket Homes›Florida›Broward County›Hollywood›33020›1947 Madison St

This home is located at 1947 Madison St in Hollywood, FL and zip code 33020 in the Park Side neighborhood. This 3,039 square foot home was built in 1967. It has been listed on Rocket Homes since July 01, 2024 and is currently priced at $998,000.

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

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

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