Two Duplexes with Development
2212 Johnson St Hollywood, FL 33020
For Sale
$1,295,000
Two well-maintained duplexes sold together, on DH-2 zoned lots allowing up to four stories.
Property Size3,387 SF
Lot Size0.48 Acres
Price / SF$382.34
Days on Market1631
Property Features for 2212 Johnson St
General Information
- Standard status
- Active
- Size
- 3,387 SF
- Lot size
- 0.48 Acres
- Property subtype
- Multi-Family
Listing Agency:
Managexchange LLC
(954) 454-3757
Listed By:
Jonathan O'Neill · License #0639871
(954) 454-3757
Source:
Xome
Added: Feb 4, 2022
Changed: Jul 22
Last Checked: Jul 23 at 4:20AM
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 Managexchange LLC
Investment Insights
Based on property information with market context.
Two duplexes are being sold together at 2212 Johnson St and 2208 Johnson St. The property is currently configured as two separate duplex buildings with long-term, stable tenants, and it has been well maintained with some updates and improvements.
The lots are zoned DH-2, which allows up to four stories (maximum 45 ft). The seller notes the lots total approximately 20,797 SF (about 0.477 acres) with a floor area ratio of 1.75, and that a developer may pursue a unity of title to build multi-family dwellings. The Department of Planning is cited as allowing minimum 650 SF units.
Local parks, community centers, and amenities are described as nearby. The remarks also reference the property’s position between Fort Lauderdale, Miami, Hard Rock, and the beach.
The lots are zoned DH-2, which allows up to four stories (maximum 45 ft). The seller notes the lots total approximately 20,797 SF (about 0.477 acres) with a floor area ratio of 1.75, and that a developer may pursue a unity of title to build multi-family dwellings. The Department of Planning is cited as allowing minimum 650 SF units.
Local parks, community centers, and amenities are described as nearby. The remarks also reference the property’s position between Fort Lauderdale, Miami, Hard Rock, and the beach.
Key Highlights
- Two duplexes sold together: 2212 Johnson St (Folio #5142‑16‑01‑4730) and 2208 Johnson St (Folio #5142‑16‑01‑4731).
- Located on DH‑2 zoned lots allowing up to 4 stories (max 45 ft).
- Two lots total 20,797 SF (approx. 0.477 acres) with a 1.75 floor area ratio (FAR).
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 | $91.4k | $27.00 |
| − Vacancy | −$4.8k | −$1.40 |
| EGI | $86.7k | $25.60 |
| − OpEx | −$26.0k | −$7.68 |
| NOI | $60.7k | $17.92 |
3,387 SF · lease $27.00/SF/yr · vacancy 5.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$866.9K
$758.6K – $1.01M
NOI $60,686 @ 7.0% cap · market cap 4.69%
Second Best
Apartment 5plus
$806.5K
$705.7K – $940.9K
NOI $56,454 @ 7.0% cap · market cap 4.36%
Theoretical Best
Office A
$1.32M
$1.16M – $1.55M
NOI $92,750 @ 7.0% cap · market cap 7.16%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Two well-maintained duplexes sold together, on DH-2 zoned lots allowing up to four stories.
Where is this duplex located?
The property is located at 2212 Johnson St Hollywood, FL.
What is the asking price?
The asking price for this property is $1,295,000.
What are key features of this property?
This property features: Two duplexes sold together: 2212 Johnson St (Folio #5142‑16‑01‑4730) and 2208 Johnson St (Folio #5142‑16‑01‑4731).; Located on DH‑2 zoned lots allowing up to 4 stories (max 45 ft).; Two lots total 20,797 SF (approx. 0.477 acres) with a 1.75 floor area ratio (FAR).
