Apartment Building with Impact
For Sale
$870,000
1314 S 20TH Avenue, Hollywood, FL 33020
Five-unit multifamily property with updated windows and select interior renovations in central Hollywood.
Property Size2,901 SF
Price / SF$299.90
Days on Market63
Property Features for 1314 S 20TH Avenue
General Information
Standard status
Active
Size
2,901 SF
Property subtype
Quadruplex
Additional Details
Multifamily Units
5
Building Details
Year Built
1964
Listing Agency:
Open Market Residential LLC
(954) 859-5003
Listed By:
Steven R Paulsen · License #BK3053136
(561) 929-4098
Source:
Lehmannflorida
Added: Aug 17
Changed: Oct 16
Last Checked: Oct 16 at 8:23AM
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 Open Market Residential LLC
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Investment Insights
Based on property information with market context.
Southside Villas is a five-unit multifamily property at 1314 S 20TH Avenue in Hollywood, Florida. Built in 1964, the property is zoned PS-1 and has benefited from capital improvements, including hurricane impact windows and interior updates to one unit’s kitchen and bathroom. These improvements provide a refreshed foundation for continued residential use and ownership.
The property is near Arts Park at Young Circle and Downtown Hollywood’s dining, entertainment, shopping, and cultural destinations. Hollywood Beach, Memorial Regional Hospital, and Fort Lauderdale-Hollywood International Airport are also within minutes. Its South Florida location places the property between Fort Lauderdale and Miami, with access to area employment centers and ongoing redevelopment throughout Hollywood.
The property is near Arts Park at Young Circle and Downtown Hollywood’s dining, entertainment, shopping, and cultural destinations. Hollywood Beach, Memorial Regional Hospital, and Fort Lauderdale-Hollywood International Airport are also within minutes. Its South Florida location places the property between Fort Lauderdale and Miami, with access to area employment centers and ongoing redevelopment throughout Hollywood.
Key Highlights
- Five‑unit multifamily property in Hollywood, Florida
- Hurricane impact windows installed as a capital improvement
- One unit features an upgraded kitchen and bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$48,354
Cap Rate
5.56%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$967,080
$967.1K
Cap Rate 7%
$690,771
$690.8K
Cap Rate 9%
$537,267
$537.3K
Market Conditions
NOI Build-Up for 2,901 SF
Gross rent
$92.3K $31.80/SF
− Vacancy
−$4.3K −$1.49/SF
EGI
$87.9K $30.31/SF
− OpEx
−$39.6K −$13.64/SF
NOI
$48.4K $16.67/SF
Area
Hollywood, FL
Vacancy
4.70%
Lease Rate
$31.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$967,080
Cap Rate 7%
$690,771
Cap Rate 9%
$537,267
Alternative Uses
Best Use
Apartment 5plus
$690.8K
$604.4K – $805.9K
NOI $48,354 @ 7.0% cap · market cap 5.56%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.13M
$993.0K – $1.32M
NOI $79,441 @ 7.0% cap · market cap 9.13%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
5
Residential units
Location Intelligence
Trade Area within ½ mile
1,663
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - Five-unit multifamily property with updated windows and select interior renovations in central Hollywood.
Where is this apartment building located?
The property is located at 1314 S 20TH Avenue Hollywood, FL.
What is the asking price?
The asking price for this property is $870,000.
What are key features of this property?
This property features: Five‑unit multifamily property in Hollywood, Florida; Hurricane impact windows installed as a capital improvement; One unit features an upgraded kitchen and bathroom
