Duplex Near Hollywood
For Sale
$599,000
1734 North 16th Court, Hollywood, FL 33020
Duplex with spacious units near the beach and downtown Hollywood.
Property Size1,926 SF
Price / SF$311.01
Days on Market686
Property Features for 1734 North 16th Court
General Information
Standard status
Active
Size
1,926 SF
Property subtype
Residential Income / Duplex
Taxes and HOA fees
Annual Taxes
$9,742
Building Details
Year Built
1986
Listing Agency:
London Foster Realty
Listed By:
Babac Mahallati · License #0705018
(305) 514-0100
Source:
Compass
Added: Nov 25, 2024
Changed: Oct 11
Last Checked: Oct 11 at 9:25AM
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 London Foster Realty
Investment Insights
Based on property information with market context.
This duplex features a 3-bedroom, 2-bathroom unit and a 1-bedroom, 1-bathroom unit. It is located east of US-1, placing it minutes from the beach and downtown Hollywood. Both units feature ceramic tile flooring throughout and large kitchens. Each unit is in excellent, move-in condition and includes central A/C and in-unit washer and dryer. The property is within walking distance of A-rated schools, shops, and public transportation. It also offers two parking spaces and a large backyard, providing a quiet and comfortable setting in a desirable neighborhood.
Key Highlights
- Minutes from the beach and downtown Hollywood
- Two units: a 3 bed/2 bath and a 1 bed/1 bath
- Excellent, move‑in condition
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,509
Cap Rate
5.76%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$690,180
$690.2K
Cap Rate 7%
$492,986
$493.0K
Cap Rate 9%
$383,433
$383.4K
Market Conditions
NOI Build-Up for 1,926 SF
Gross rent
$52.0K $27.00/SF
− Vacancy
−$2.7K −$1.40/SF
EGI
$49.3K $25.60/SF
− OpEx
−$14.8K −$7.68/SF
NOI
$34.5K $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%
$690,180
Cap Rate 7%
$492,986
Cap Rate 9%
$383,433
Alternative Uses
Best Use
Multifamily LT 5
$493.0K
$431.4K – $575.2K
NOI $34,509 @ 7.0% cap · market cap 5.76%
Second Best
Apartment 5plus
$458.6K
$401.3K – $535.1K
NOI $32,103 @ 7.0% cap · market cap 5.36%
Theoretical Best
Office A
$753.5K
$659.3K – $879.0K
NOI $52,742 @ 7.0% cap · market cap 8.81%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,413
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 - Duplex with spacious units near the beach and downtown Hollywood.
Where is this duplex located?
The property is located at 1734 North 16th Court Hollywood, FL.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: Minutes from the beach and downtown Hollywood; Two units: a 3 bed/2 bath and a 1 bed/1 bath; Excellent, move‑in condition
