10-Unit Apartment
For Sale
$1,420,000
Pending
820 S 19th AVE, Hollywood, FL 33020
Fully occupied property with central air, laundry facilities, and onsite parking.
Property Size7,530 SF
Days on Market2679
Property Features for 820 S 19th AVE
General Information
Standard status
Pending
Size
7,530 SF
Property subtype
General Commercial
Occupancy
100%
Units
Unit Mix
8 x 2BR/1BA, 2 x 1BR/1BA
Multifamily Units
10
Additional Details
Cap Rate
6.5%
Highway Access
Yes
Sprinkler System
Yes
Taxes and HOA fees
Annual Taxes
$16,891
Amenities
laundry room
central air
surveillance cameras
landscaping
3
16 Parking Spaces.
Building Details
Year Built
1964
Listing Agency:
Miami Connections Realty LLC
(305) 542-4823
Listed By:
Ricardo Grinberg
(786) 326-7424
Source:
Xome
Added: May 6, 2019
Changed: Aug 30
Last Checked: Aug 30 at 3:24PM
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 Miami Connections Realty LLC
Investment Insights
Based on property information with market context.
This 7,530-square-foot apartment property, built in 1964, contains 10 fully occupied units: eight two-bedroom, one-bath residences and two one-bedroom, one-bath residences. The building includes a laundry room, central air, surveillance cameras, landscaping, and a sprinkler system. Recent work includes exterior painting and parking-area resurfacing.
The property at 820 S 19th Ave in Hollywood is positioned one block west of US 1, approximately 3 minutes from Downtown Hollywood and Young Circle. There are 16 parking spaces, and the reported cap rate is 6.5%.
The property at 820 S 19th Ave in Hollywood is positioned one block west of US 1, approximately 3 minutes from Downtown Hollywood and Young Circle. There are 16 parking spaces, and the reported cap rate is 6.5%.
Key Highlights
- 10 units: eight 2/1 apartments and two 1/1 apartments
- 7,530 SF apartment property built in 1964
- All 10 units are fully rented
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$125,510
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.84%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,510,200
$2.5M
Cap Rate 7%
$1,793,000
$1.8M
Cap Rate 9%
$1,394,556
$1.4M
Market Conditions
NOI Build-Up for 7,530 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$239.5K $31.80/SF
− Vacancy
−$11.3K −$1.49/SF
EGI
$228.2K $30.31/SF
− OpEx
−$102.7K −$13.64/SF
NOI
$125.5K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,510,200
Cap Rate 7%
$1,793,000
Cap Rate 9%
$1,394,556
Alternative Uses
Best Use
Apartment 5plus
$1.79M
$1.57M – $2.09M
NOI $125,510 @ 7.0% cap · market cap 8.84%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.95M
$2.58M – $3.44M
NOI $206,202 @ 7.0% cap · market cap 14.52%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
10
Residential units
100%
Occupancy
Yes
Sprinkler system
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
3,411
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Apartment building - Fully occupied property with central air, laundry facilities, and onsite parking.
Where is this apartment building located?
The property is located at 820 S 19th AVE Hollywood, FL.
What is the asking price?
The asking price for this property is $1,420,000.
What are key features of this property?
This property features: 10 units: eight 2/1 apartments and two 1/1 apartments; 7,530 SF apartment property built in 1964; All 10 units are fully rented
