Legal Duplex Income
2322 Taft St Hollywood, FL 33020
2322 Taft St, Hollywood, FL, 33020
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For Sale
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Legal duplex with two currently rented units, producing monthly income and offering owner-user or redevelopment flexibility.
Property Size2,305 SF
Price / SF$249.46
Days on Market69
Property Features for 2322 Taft St
General Information
- Standard status
- Active
- Size
- 2,305 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1949
Listing agency
One Sotheby's International Realty
Listed by
Alter Gambarte · License #3223344
Source
Crexi
Added: May 16 Updated: Jul 20 at 7:55PM Checked: Jul 22 at 4:19AM
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 One Sotheby's International Realty
Investment Insights
Based on property information with market context.
This legal duplex at 2322 Taft St, Hollywood, FL 33020 offers a flexible layout designed for multiple occupancy options. The property is currently income-producing, with the front unit rented at $2,300 per month and the rear unit rented at $1,650 per month.
The duplex sits on a generously sized lot and is positioned in the Hollywood Park area near the Hollywood East corridor. The location provides convenient access to Downtown Hollywood, beaches, US-1, I-95, Fort Lauderdale Airport, as well as shopping, dining, and entertainment.
The building’s configuration supports long-term rental use or potential future repositioning. Buyers should independently verify zoning, use, dimensions, and any future development potential.
The duplex sits on a generously sized lot and is positioned in the Hollywood Park area near the Hollywood East corridor. The location provides convenient access to Downtown Hollywood, beaches, US-1, I-95, Fort Lauderdale Airport, as well as shopping, dining, and entertainment.
The building’s configuration supports long-term rental use or potential future repositioning. Buyers should independently verify zoning, use, dimensions, and any future development potential.
Key Highlights
- Legal duplex built in 1949 with approx. 2,300 SF of living area
- Front unit currently rented for $2,300/month and rear unit rented for $1,650/month
- Income‑producing property with two distinct rental units
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 | $62.2k | $27.00 |
| − Vacancy | −$3.2k | −$1.40 |
| EGI | $59.0k | $25.60 |
| − OpEx | −$17.7k | −$7.68 |
| NOI | $41.3k | $17.92 |
2,305 SF · lease $27.00/SF/yr · vacancy 5.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$590.0K
$516.2K – $688.3K
NOI $41,299 @ 7.0% cap · market cap 7.18%
Second Best
Apartment 5plus
$548.9K
$480.3K – $640.3K
NOI $38,420 @ 7.0% cap · market cap 6.68%
Theoretical Best
Office A
$901.7K
$789.0K – $1.05M
NOI $63,120 @ 7.0% cap · market cap 10.98%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Legal duplex with two currently rented units, producing monthly income and offering owner-user or redevelopment flexibility.
Where is this duplex located?
The property is located at 2322 Taft St Hollywood, FL.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: Legal duplex built in 1949 with approx. 2,300 SF of living area; Front unit currently rented for $2,300/month and rear unit rented for $1,650/month; Income‑producing property with two distinct rental units
