Multifamily Property with Rental
For Sale
$589,900
Pending
2318 Coolidge Street, Hollywood, FL 33020
Multifamily property featuring a main house and two rental units.
Property Size1,445 SF
Days on Market561
Property Features for 2318 Coolidge Street
General Information
Standard status
Pending
Size
1,445 SF
Property subtype
Multi Family
Taxes and HOA fees
Annual Taxes
$6,555
Building Details
Year Built
1952
Listing Agency:
Hollywood Beach Realty Inc
(754) 204-7529
Listed By:
Daniel Kennedy · License #0516224
(954) 558-0407
Source:
Exitrealty
Added: Apr 2, 2025
Changed: Oct 7
Last Checked: Oct 7 at 9:10AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Hollywood Beach Realty Inc
Investment Insights
Based on property information with market context.
This property features a main house with two bedrooms and one bathroom, wood floors, central air conditioning, a gas tankless water heater, and a gas stove. An outside shower and a fenced yard with a carport are also included. The back house contains two rental units. One unit has been rented for 12 years at $700 per month. The other unit is vacant and was previously used as an Airbnb. Parking is available in the rear. The property has two gas bills, two septic tanks, and one water bill. The property is located in a convenient area close to amenities and is suitable for rental income generation.
Key Highlights
- Rental income potential from two back house units (one currently rented at $700/month, one previously used as Airbnb).
- Main house features desirable wood floors and central A/C.
- Convenient location close to everything.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,890
Cap Rate
4.39%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$517,800
$517.8K
Cap Rate 7%
$369,857
$369.9K
Cap Rate 9%
$287,667
$287.7K
Market Conditions
NOI Build-Up for 1,445 SF
Gross rent
$39.0K $27.00/SF
− Vacancy
−$2.0K −$1.40/SF
EGI
$37.0K $25.60/SF
− OpEx
−$11.1K −$7.68/SF
NOI
$25.9K $17.92/SF
Area
Hollywood, FL
Vacancy
5.20%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$517,800
Cap Rate 7%
$369,857
Cap Rate 9%
$287,667
Alternative Uses
Best Use
Multifamily LT 5
$369.9K
$323.6K – $431.5K
NOI $25,890 @ 7.0% cap · market cap 4.39%
Second Best
Apartment 5plus
$344.1K
$301.1K – $401.4K
NOI $24,085 @ 7.0% cap · market cap 4.08%
Theoretical Best
Office A
$565.3K
$494.6K – $659.5K
NOI $39,570 @ 7.0% cap · market cap 6.71%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Location Intelligence
Trade Area within ½ mile
1,197
Businesses Nearby
Explore this area
Business Placement
Demographics for 33020, FL
45,044
Population
22,508
Households
2
Avg Household Size
41
Median Age
29%
College-Educated
89%
High-School Grad
6.0 sq mi
ZIP Area
7,507
Density / Sq Mi
$52,535
Median Household Income
$32,449
Median Earnings
$1,444
Median Rent
$306,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Multifamily property featuring a main house and two rental units.
Where is this duplex located?
The property is located at 2318 Coolidge Street Hollywood, FL.
What is the asking price?
The asking price for this property is $589,900.
What are key features of this property?
This property features: Rental income potential from two back house units (one currently rented at $700/month, one previously used as Airbnb).; Main house features desirable wood floors and central A/C.; Convenient location close to everything.
