Three-Unit Residential
For Sale
$630,000
1711 Thomas St, Hollywood, FL 33020
All three residences have month-to-month tenancy, with no HOA or rental restrictions.
Property Size1,931 SF
Price / SF$326.26
Days on Market171
Property Features for 1711 Thomas St
General Information
Standard status
Active
Size
1,931 SF
Property subtype
Triplex
Site & Location
Neighborhood
Hollywood Lakes
Additional Details
Multifamily Units
3
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$11,676
Building Details
Building Size
1,931 SF
Year Built
1957
Listing Agency:
Brosda and Bentley Realtors
Listed By:
Ekaterina Brosda · License #3062667
(786) 363-8551
Source:
Brosdaandbentley
Added: May 14
Changed: Oct 26
Last Checked: Oct 31 at 4:16AM
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 Brosda and Bentley Realtors
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Investment Insights
Based on property information with market context.
Built in 1957, this three-unit residential property contains 1,931 square feet. Each residence is occupied under a month-to-month arrangement, and the property has no HOA or rental restrictions.
The property is in Hollywood, with Hollywood Beach, Downtown Hollywood, retail and dining options, and Fort Lauderdale International Airport nearby.
The property is in Hollywood, with Hollywood Beach, Downtown Hollywood, retail and dining options, and Fort Lauderdale International Airport nearby.
Key Highlights
- Three residential units
- 1,931 square feet
- Built in 1957
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,598
Cap Rate
5.49%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$691,960
$692.0K
Cap Rate 7%
$494,257
$494.3K
Cap Rate 9%
$384,422
$384.4K
Market Conditions
NOI Build-Up for 1,931 SF
Gross rent
$52.1K $27.00/SF
− Vacancy
−$2.7K −$1.40/SF
EGI
$49.4K $25.60/SF
− OpEx
−$14.8K −$7.68/SF
NOI
$34.6K $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%
$691,960
Cap Rate 7%
$494,257
Cap Rate 9%
$384,422
Alternative Uses
Best Use
Multifamily LT 5
$494.3K
$432.5K – $576.6K
NOI $34,598 @ 7.0% cap · market cap 5.49%
Second Best
Apartment 5plus
$459.8K
$402.3K – $536.4K
NOI $32,186 @ 7.0% cap · market cap 5.11%
Theoretical Best
Office A
$755.4K
$661.0K – $881.3K
NOI $52,879 @ 7.0% cap · market cap 8.39%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
1,211
Businesses Nearby
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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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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Triplex - All three residences have month-to-month tenancy, with no HOA or rental restrictions.
Where is this triplex located?
The property is located at 1711 Thomas St Hollywood, FL.
What is the asking price?
The asking price for this property is $630,000.
What are key features of this property?
This property features: Three residential units; 1,931 square feet; Built in 1957
