Updated Duplex with Gated
For Sale
$850,000
1123 N 17th Avenue, Hollywood, FL 33020
Two renovated units with in-unit laundry, patio, and a large gated yard plus parking for strong day-to-day livability.
Property Size1,540 SF
Days on Market611
Property Features for 1123 N 17th Avenue
General Information
Standard status
Active
Size
1,540 SF
Property subtype
Duplex
Site & Location
Highway Access
Yes
Fenced Yard
Yes
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$12,475
Building Details
Building Size
1,540 SF
Year Built
1969
Tenancy
Multi
Listing Agency:
Premier Brokers International
Listed By:
Anna A Gadaleta · License #3062315
(321) 961-0109
Source:
Relinkre
Added: Feb 5, 2025
Changed: Oct 8
Last Checked: Oct 7 at 5:16PM
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 Premier Brokers International
Investment Insights
Based on property information with market context.
This updated duplex includes two separate residential units. Unit 1 features two bedrooms and one bathroom with an updated kitchen and bathroom, ceramic tile throughout, and a washer and dryer in the unit. Unit 2 offers one bedroom and one bathroom, also with an updated kitchen and bathroom and ceramic tile throughout, and includes a patio plus an in-unit washer and dryer.
The property is centrally located in Hollywood and provides easy access to I-95 and the Florida Turnpike. It is described as being within minutes of Hollywood Beach and within walking distance to shopping. The remarks also note the property sits centrally between three casinos and local hospitals.
The layout supports a straightforward income-residential use with two independently configured units. Each unit includes practical updates and in-unit laundry, while the duplex also offers plenty of parking and a large gated yard that can be valuable for resident comfort and day-to-day use.
The property is centrally located in Hollywood and provides easy access to I-95 and the Florida Turnpike. It is described as being within minutes of Hollywood Beach and within walking distance to shopping. The remarks also note the property sits centrally between three casinos and local hospitals.
The layout supports a straightforward income-residential use with two independently configured units. Each unit includes practical updates and in-unit laundry, while the duplex also offers plenty of parking and a large gated yard that can be valuable for resident comfort and day-to-day use.
Key Highlights
- Duplex built in 1969 with two renovated units featuring updated kitchens and bathrooms
- Unit 1: 2 bed, 1 bath with updated kitchen and bathroom and washer/dryer in unit
- Unit 2: 1 bed, 1 bath with updated kitchen and bathroom, washer/dryer in unit, plus a patio
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,592
Cap Rate
3.25%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$551,840
$551.8K
Cap Rate 7%
$394,171
$394.2K
Cap Rate 9%
$306,578
$306.6K
Market Conditions
NOI Build-Up for 1,540 SF
Gross rent
$41.6K $27.00/SF
− Vacancy
−$2.2K −$1.40/SF
EGI
$39.4K $25.60/SF
− OpEx
−$11.8K −$7.68/SF
NOI
$27.6K $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%
$551,840
Cap Rate 7%
$394,171
Cap Rate 9%
$306,578
Alternative Uses
Best Use
Multifamily LT 5
$394.2K
$344.9K – $459.9K
NOI $27,592 @ 7.0% cap · market cap 3.25%
Second Best
Apartment 5plus
$366.7K
$320.9K – $427.8K
NOI $25,669 @ 7.0% cap · market cap 3.02%
Theoretical Best
Office A
$602.4K
$527.1K – $702.9K
NOI $42,171 @ 7.0% cap · market cap 4.96%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Yes
Fenced yard
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,614
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
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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 - Two renovated units with in-unit laundry, patio, and a large gated yard plus parking for strong day-to-day livability.
Where is this duplex located?
The property is located at 1123 N 17th Avenue Hollywood, FL.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: Duplex built in 1969 with two renovated units featuring updated kitchens and bathrooms; Unit 1: 2 bed, 1 bath with updated kitchen and bathroom and washer/dryer in unit; Unit 2: 1 bed, 1 bath with updated kitchen and bathroom, washer/dryer in unit, plus a patio
