Remodeled Duplex with Impact
For Sale
$649,000
2454 Garfield Street, Hollywood, FL 33020
Two separately configured residences feature updated interiors and impact-rated windows and doors.
Property Size1,364 SF
Price / SF$475.81
Days on Market8
Property Features for 2454 Garfield Street
General Information
Standard status
Active
Size
1,364 SF
Total Parking Spaces
4
Property subtype
Residential Income
Zoning
RM-9
Site & Location
Neighborhood
North Central
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$6,842
Building Details
Building Size
1,364 SF
Year Built
1952
Buildings
1
Stories
1
Listing Agency:
Real Estate Sales Force
Listed By:
Karen Gomez · License #3343346
(305) 298-5991
Source:
Laerrealty
Added: Oct 28
Changed: Nov 2
Last Checked: Nov 3 at 3:24AM
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 Real Estate Sales Force
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Investment Insights
Based on property information with market context.
This 1,364-SF duplex, built in 1952, contains two units, each with 2 bedrooms and 1 bathroom. The property has been remodeled, with impact windows and doors, a newer roof, and updated plumbing and electrical systems. Rental restrictions are not reported for the property.
The duplex is in Hollywood, approximately 7 minutes from Hollywood Beach. Shopping centers, dining, and local attractions are also noted in the surrounding area.
The duplex is in Hollywood, approximately 7 minutes from Hollywood Beach. Shopping centers, dining, and local attractions are also noted in the surrounding area.
Key Highlights
- Two units, each with 2 bedrooms and 1 bathroom
- 1,364 SF duplex built in 1952
- Remodeled interiors with impact windows and doors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,439
Cap Rate
3.77%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$488,780
$488.8K
Cap Rate 7%
$349,129
$349.1K
Cap Rate 9%
$271,544
$271.5K
Market Conditions
NOI Build-Up for 1,364 SF
Gross rent
$36.8K $27.00/SF
− Vacancy
−$1.9K −$1.40/SF
EGI
$34.9K $25.60/SF
− OpEx
−$10.5K −$7.68/SF
NOI
$24.4K $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%
$488,780
Cap Rate 7%
$349,129
Cap Rate 9%
$271,544
Alternative Uses
Best Use
Multifamily LT 5
$349.1K
$305.5K – $407.3K
NOI $24,439 @ 7.0% cap · market cap 3.77%
Second Best
Apartment 5plus
$324.8K
$284.2K – $378.9K
NOI $22,735 @ 7.0% cap · market cap 3.50%
Theoretical Best
Office A
$533.6K
$466.9K – $622.5K
NOI $37,352 @ 7.0% cap · market cap 5.76%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,558
Businesses Nearby
Explore this area
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?
Duplex - Two separately configured residences feature updated interiors and impact-rated windows and doors.
Where is this duplex located?
The property is located at 2454 Garfield Street Hollywood, FL.
What is the asking price?
The asking price for this property is $649,000.
What are key features of this property?
This property features: Two units, each with 2 bedrooms and 1 bathroom; 1,364 SF duplex built in 1952; Remodeled interiors with impact windows and doors
