Month-to-Month Triplex
1711 Thomas Street Hollywood, FL 33020
1711 Thomas Street, Hollywood, FL, 33020
$720,000
For Sale
$720,000
Three residential units are currently rented on month-to-month terms with no HOA or stated rental restrictions.
Property Size1,931 SF
Price / SF$372.86
Days on Market71
Property Features for 1711 Thomas Street
General Information
- Standard status
- Active
- Size
- 1,931 SF
- Property subtype
- Multi-Family Income / Triplex
Building Details
- Year Built
- 1957
Listing agency
United Realty Group Inc.
(954) 450-2000
Listed by
Keylla Kell Sanchez · License #3232235
(954) 450-2000
Source
Compass
Added: May 14 Updated: Jul 22 at 2:22AM Checked: Jul 22 at 2:22AM
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 United Realty Group Inc.
Investment Insights
Based on property information with market context.
This triplex offers three residential units with current rents set below market, and each unit is on month-to-month occupancy. The property is presented as having no HOA and no stated rental restrictions, creating flexibility for residential rental use.
Located at 1711 Thomas Street in Hollywood, FL 33020, the address places the property within minutes of the Hollywood beach, Downtown Hollywood, shopping and dining, and Fort Lauderdale International Airport.
Located at 1711 Thomas Street in Hollywood, FL 33020, the address places the property within minutes of the Hollywood beach, Downtown Hollywood, shopping and dining, and Fort Lauderdale International Airport.
Key Highlights
- Triplex built in 1957 with three residential units
- All units are rented month‑to‑month, providing immediate rental flexibility
- No HOA and no stated rental restrictions
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 | $52.1k | $27.00 |
| − Vacancy | −$2.7k | −$1.40 |
| EGI | $49.4k | $25.60 |
| − OpEx | −$14.8k | −$7.68 |
| NOI | $34.6k | $17.92 |
1,931 SF · lease $27.00/SF/yr · vacancy 5.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$494.3K
$432.5K – $576.6K
NOI $34,598 @ 7.0% cap · market cap 4.81%
Second Best
Apartment 5plus
$459.8K
$402.3K – $536.4K
NOI $32,186 @ 7.0% cap · market cap 4.47%
Theoretical Best
Office A
$755.4K
$661.0K – $881.3K
NOI $52,879 @ 7.0% cap · market cap 7.34%
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 - Three residential units are currently rented on month-to-month terms with no HOA or stated rental restrictions.
Where is this triplex located?
The property is located at 1711 Thomas Street Hollywood, FL.
What is the asking price?
The asking price for this property is $720,000.
What are key features of this property?
This property features: Triplex built in 1957 with three residential units; All units are rented month‑to‑month, providing immediate rental flexibility; No HOA and no stated rental restrictions
