Vacant 2BR/1BA Duplex with Private
1923 N 23rd Avenue Hollywood, FL 33020
For Sale
Contact for pricing
Two vacant 2-bedroom units with private laundry, separate electric and water meters, and fenced yards.
Property Size1,401 SF
Price / SF$477.52
Days on Market151
Property Features for 1923 N 23rd Avenue
General Information
- Standard status
- Active
- Size
- 1,401 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1961
Listing Agency:
Fidelity Real Estate Group
Listed By:
Carlos Montoya
Source:
Crexi
Added: Feb 26
Changed: Jul 10
Last Checked: Jul 26 at 2:14PM
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 Fidelity Real Estate Group
Investment Insights
Based on property information with market context.
This property is a duplex configured as two separate 2-bedroom, 1-bath residences. Each unit includes private laundry and has separate electric and water meters. Interior finishes feature tile and laminate flooring throughout, along with updated kitchens and bathrooms. The duplex also has a brand-new roof and sits on a fenced, usable outdoor area for each unit.
The building is described in the listing as being in the heart of Hollywood, with access to both the beach and downtown described as being minutes away. The property is positioned on a lot that the listing notes as nearly a quarter acre, providing additional space around the duplex.
The current status is vacant, which may appeal to an investor looking to move quickly or an owner-user seeking rental income while living in one unit. With two independent utility setups and in-unit laundry for each side, the layout can support tenant convenience and straightforward unit management. Updated kitchens and baths, along with the brand-new roof, provide practical improvements for long-term use.
The building is described in the listing as being in the heart of Hollywood, with access to both the beach and downtown described as being minutes away. The property is positioned on a lot that the listing notes as nearly a quarter acre, providing additional space around the duplex.
The current status is vacant, which may appeal to an investor looking to move quickly or an owner-user seeking rental income while living in one unit. With two independent utility setups and in-unit laundry for each side, the layout can support tenant convenience and straightforward unit management. Updated kitchens and baths, along with the brand-new roof, provide practical improvements for long-term use.
Key Highlights
- Duplex built in 1961 with two vacant 2‑bedroom, 1‑bath units
- Each unit has private laundry plus separate electric and water meters
- Updated kitchens and bathrooms in both units
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 | $37.8k | $27.00 |
| − Vacancy | −$2.0k | −$1.40 |
| EGI | $35.9k | $25.60 |
| − OpEx | −$10.8k | −$7.68 |
| NOI | $25.1k | $17.92 |
1,401 SF · lease $27.00/SF/yr · vacancy 5.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$358.6K
$313.8K – $418.4K
NOI $25,102 @ 7.0% cap · market cap 3.75%
Second Best
Apartment 5plus
$333.6K
$291.9K – $389.2K
NOI $23,352 @ 7.0% cap · market cap 3.49%
Theoretical Best
Office A
$548.1K
$479.6K – $639.4K
NOI $38,365 @ 7.0% cap · market cap 5.73%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Two vacant 2-bedroom units with private laundry, separate electric and water meters, and fenced yards.
Where is this duplex located?
The property is located at 1923 N 23rd Avenue Hollywood, FL.
What is the asking price?
The asking price for this property is $669,000.
What are key features of this property?
This property features: Duplex built in 1961 with two vacant 2‑bedroom, 1‑bath units; Each unit has private laundry plus separate electric and water meters; Updated kitchens and bathrooms in both units
