Renovated Legal Duplex with Hurricane
316 N 61st Ave Hollywood, FL 33024
New
316 N 61st Ave, Hollywood, FL, 33024
$685,000
For Sale
$685,000
MULTI_FAMILY - Hollywood, FL
Property Size1,567 SF
Price / SF$437.14
Days on Market2
Property Features for 316 N 61st Ave
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Bedrooms
- 4
- Rooms
- Bedroom 3, Bathroom 2, Bedroom 1, Bedroom 2, Bedroom 4, Bathroom 1
- Parking
- 4
- Standard status
- Active
- APN
- 514113060660
- Size
- 1,567 SF
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- GRACEWOOD NO 2 24-33 B LOT 43 BLK 4
- Tax Annual Amount
- 10926
Utilities
- Utilities
- Cable Available
- Sewer type
- Septic Tank
- Heating system
- Central
- Cooling system
- Central Air
Building Details
- Year built
- 1989
- Floors in Building
- 1
- Flooring type
- Tile, Vinyl
- Building materials
- Block
- Roof type
- Shingle
Listing agency
EXP Realty South LLC
(888) 883-8509
Listed by
Romain Liberman · License #3542176
(786) 425-7774
Added: Jul 22 Updated: Jul 23 at 2:14AM Checked: Jul 23 at 6:06AM
MLS# A12055620
Copyright © 2026 Miami REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This turnkey legal duplex offers two renovated units with modern kitchens and bathrooms, stylish flooring, zebra shades, and hurricane-impact windows and doors. Each unit includes full-size washers and dryers, and both units appear move-in ready. The front unit is fully furnished, while the rear unit is currently leased.
The rear unit is leased at $2,500 per month, and there is no HOA. The property is centrally located near major highways, Downtown Hollywood, Memorial Regional Hospital, Hard Rock Hotel & Casino, and shopping and dining, with Hollywood Beach just minutes away.
Major system upgrades include new A/C systems in 2021 and water heaters installed in 2022 and 2023.
The rear unit is leased at $2,500 per month, and there is no HOA. The property is centrally located near major highways, Downtown Hollywood, Memorial Regional Hospital, Hard Rock Hotel & Casino, and shopping and dining, with Hollywood Beach just minutes away.
Major system upgrades include new A/C systems in 2021 and water heaters installed in 2022 and 2023.
Key Highlights
- Legal duplex with no HOA; rear unit leased at $2,500/month and front unit fully furnished for move‑in or rental
- Block construction (1989) with central heating and central air conditioning
- Hurricane‑impact windows and doors, with shingle roof and vinyl/tile flooring
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $42.3k | $27.00 |
| − Vacancy | −$2.2k | −$1.40 |
| EGI | $40.1k | $25.60 |
| − OpEx | −$12.0k | −$7.68 |
| NOI | $28.1k | $17.92 |
1,567 SF · lease $27.00/SF/yr · vacancy 5.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$401.1K
$351.0K – $467.9K
NOI $28,076 @ 7.0% cap · market cap 4.10%
Second Best
Apartment 5plus
$373.1K
$326.5K – $435.3K
NOI $26,119 @ 7.0% cap · market cap 3.81%
Theoretical Best
Office A
$613.0K
$536.4K – $715.2K
NOI $42,911 @ 7.0% cap · market cap 6.26%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Turnkey legal duplex with two renovated units, hurricane-impact windows, and in-unit washers and dryers.
Where is this duplex located?
The property is located at 316 N 61st Ave Hollywood, FL.
What is the asking price?
The asking price for this property is $685,000.
What are key features of this property?
This property features: Legal duplex with no HOA; rear unit leased at $2,500/month and front unit fully furnished for move‑in or rental; Block construction (1989) with central heating and central air conditioning; Hurricane‑impact windows and doors, with shingle roof and vinyl/tile flooring
