Remodeled Income
1629 Mayo St Hollywood, FL 33020
1629 Mayo St, Hollywood, FL, 33020
Contact for pricing
For Sale
Contact for pricing
Remodeled income property with three independent units, including two main units plus a separate studio.
Property Size1,671 SF
Price / SF$400.96
Days on Market100
Property Features for 1629 Mayo St
General Information
- Standard status
- Active
- Size
- 1,671 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1964
Listing agency
Yaffe International Realty
Listed by
Kenia Paz · License #3413886
Source
Crexi
Added: Apr 15 Updated: Jul 21 at 7:19PM Checked: Jul 22 at 4:12PM
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 Yaffe International Realty
Investment Insights
Based on property information with market context.
This remodeled income property is configured as a duplex-style setup with three independent units, including two main units (a 2/1 and a 1/1) and a separate studio. The main units have been fully updated and feature marble floors, modern appliances, and abundant natural light.
The property is located on Mayo St, approximately two blocks east of Federal Hwy, with access to Downtown and Hollywood Beach within minutes.
The existing multi-unit layout provides multiple rentable spaces under one roof, offering flexibility for investors or owner-occupants who want independent accommodations.
The property is located on Mayo St, approximately two blocks east of Federal Hwy, with access to Downtown and Hollywood Beach within minutes.
The existing multi-unit layout provides multiple rentable spaces under one roof, offering flexibility for investors or owner-occupants who want independent accommodations.
Key Highlights
- Year built: 1964
- Income property with 3 independent units: two main units plus a separate studio
- Unit mix includes a spacious 2/1 and a 1/1, plus an additional separate studio
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $45.1k | $27.00 |
| − Vacancy | −$2.3k | −$1.40 |
| EGI | $42.8k | $25.60 |
| − OpEx | −$12.8k | −$7.68 |
| NOI | $29.9k | $17.92 |
1,671 SF · lease $27.00/SF/yr · vacancy 5.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$427.7K
$374.3K – $499.0K
NOI $29,940 @ 7.0% cap · market cap 4.47%
Second Best
Apartment 5plus
$397.9K
$348.2K – $464.2K
NOI $27,852 @ 7.0% cap · market cap 4.16%
Theoretical Best
Office A
$653.7K
$572.0K – $762.7K
NOI $45,759 @ 7.0% cap · market cap 6.83%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Remodeled income property with three independent units, including two main units plus a separate studio.
Where is this triplex located?
The property is located at 1629 Mayo St Hollywood, FL.
What is the asking price?
The asking price for this property is $670,000.
What are key features of this property?
This property features: Year built: 1964; Income property with 3 independent units: two main units plus a separate studio; Unit mix includes a spacious 2/1 and a 1/1, plus an additional separate studio
