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    1508 E Garfield St Hollywood, FL 33020

    For Sale
    $745,000

    Duplex in Hollywood Lakes, investment opportunity near beaches and downtown.

    Building Details

    Year built
    1955

    Source: Florida Realty of Miami Corp Agent Desiree Soto

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Hollywood Lakes Duplex Investment Opportunity

    This duplex, featuring two units each with 2 bedrooms and 2 bathrooms, is situated on a corner lot in Hollywood Lakes, east of US-1. The property is an investment-grade asset with a flexible unit mix. Its location provides strong demand from both annual and short-term tenants due to its proximity to beaches, downtown Hollywood, Gulfstream Park, Aventura, and Fort Lauderdale Airport. There is potential to update rents to market rates. The property's consistent rental performance in the area positions it as a stable, high-yield investment and an excellent owner-occupant opportunity. It is located minutes from Hollywood Beach and Downtown, with planned retail projects at Oakwood Plaza, and near the Memorial Hospital complex. The property features plenty of parking, central access units, a fully insurable roof, and impact windows. Viewings are by appointment only; tenants are not to be disturbed.
    Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Hollywood
    County
    Broward
    State
    Florida
    Longitude
    -80.1374232
    Latitude
    26.0216306

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    FAQs

    What type of property is this?
    Duplex - Duplex in Hollywood Lakes, investment opportunity near beaches and downtown.
    Where is this duplex located?
    The property is located at 1508 E Garfield St Hollywood, FL.
    What is the asking price?
    The asking price for this property is $745,000.
    What are key features of this property?
    This property features: - Investment-grade duplex (2 x 2/2) in Hollywood Lakes, offering flexible unit mix and strong rental demand.; - Prime location east of US-1, close to beaches, downtown Hollywood, Gulfstream Park, Aventura, and Fort Lauderdale Airport.; - Potential for increased rental income through market updates.
    (786) 416-1701
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    1508 E Garfield St Hollywood, FL 33020
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1508 E Garfield St Hollywood, FL 33020
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