DH-1 Zoned
New
For Sale
$724,900
1405 N 24th Ave, Hollywood, FL 33020
Two separate residences offer the option to occupy one unit while earning rental income from the other.
Property Size1,859 SF
Price / SF$389.94
Days on Market6
Property Features for 1405 N 24th Ave
General Information
Standard status
Active
Size
1,859 SF
Property subtype
Duplex
Zoning
DH-1
Additional Details
Highway Access
Yes
Multifamily Units
2
Amenities
Features: Less Than 1/4 Acre Lot
Roof: Shingle
Sewer: Septic Tank
Parcel Number: 514209054300, Tax Annual Amount: $11,396, Tax Exemptions: Tax Reflects No Homestead Exemption, Tax Legal Description: HOLLYWOOD PARK 4-19 B LOT 12 BLK 28, Tax Year: 2025
Flooring: Ceramic Floor
Cooling: Central Air
Heating: Central
Rent Includes: None, Standard Status: Active
Parking Total: 6
Living Area: 1859, Architectural Style: Attached, Construction Materials: CBS Construction, Stories: 1, Year Built: 1967, Year Built Details: Effective Year Built, Building Area Total: 1859, Building Name: HOLLYWOOD PARK, Structure Type: Duplex
County Or Parish: Broward County, MLS Area Major: Hollywood Park, Subdivision Name: HOLLYWOOD PARK
Leasable Area Units: Square Feet
Units In Community: 2
Building Details
Year Built
1967
Listing Agency:
Beachfront Realty Inc
(305) 405-0615
Listed By:
Dana Ramires · License #3610905
(754) 275-1392
Source:
Riserealty
Added: Oct 7
Changed: Oct 11
Last Checked: Oct 11 at 4:44AM
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 Beachfront Realty Inc
Investment Insights
Based on property information with market context.
This duplex in Hollywood contains two separate living units, with the option to live in one and rent the other. The property is within the City of Hollywood’s DH-1 zoning district; any redevelopment or rebuilding is subject to city approval and applicable zoning requirements. There is no HOA.
The property is east of I-95, with Downtown Hollywood, shopping, dining, entertainment, major highways, and South Florida beaches nearby.
The property is east of I-95, with Downtown Hollywood, shopping, dining, entertainment, major highways, and South Florida beaches nearby.
Key Highlights
- Two‑unit duplex with separate living arrangements
- Located in the City of Hollywood’s DH‑1 zoning district
- No HOA
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,308
Cap Rate
4.59%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$666,160
$666.2K
Cap Rate 7%
$475,829
$475.8K
Cap Rate 9%
$370,089
$370.1K
Market Conditions
NOI Build-Up for 1,859 SF
Gross rent
$50.2K $27.00/SF
− Vacancy
−$2.6K −$1.40/SF
EGI
$47.6K $25.60/SF
− OpEx
−$14.3K −$7.68/SF
NOI
$33.3K $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%
$666,160
Cap Rate 7%
$475,829
Cap Rate 9%
$370,089
Alternative Uses
Best Use
Multifamily LT 5
$475.8K
$416.4K – $555.1K
NOI $33,308 @ 7.0% cap · market cap 4.59%
Second Best
Apartment 5plus
$442.7K
$387.3K – $516.4K
NOI $30,986 @ 7.0% cap · market cap 4.27%
Theoretical Best
Office A
$727.2K
$636.3K – $848.5K
NOI $50,907 @ 7.0% cap · market cap 7.02%
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
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,230
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
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Two separate residences offer the option to occupy one unit while earning rental income from the other.
Where is this duplex located?
The property is located at 1405 N 24th Ave Hollywood, FL.
What is the asking price?
The asking price for this property is $724,900.
What are key features of this property?
This property features: Two‑unit duplex with separate living arrangements; Located in the City of Hollywood’s DH‑1 zoning district; No HOA
