2-Unit Duplex with Impact
New
For Sale
$524,900
6351 Hayes Street, Hollywood, FL 33024
Separate electric and water meters serve each residence, and both units have long-term tenants.
Property Size1,529 SF
Price / SF$343.30
Days on Market7
Property Features for 6351 Hayes Street
General Information
Standard status
Active
Size
1,529 SF
Total Parking Spaces
4
Property subtype
Residential Income
Zoning
RS-6
Occupancy
100%
Site & Location
Highway Access
Yes
Utilities to Site
Yes
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$7,042
Amenities
impact windows
separate laundry room
Building Details
Building Size
1,529 SF
Year Built
1958
Buildings
1
Stories
1
Listing Agency:
LPT Realty, LLC
Listed By:
Virginia E Castro · License #3138446
(786) 387-4289
Source:
Laerrealty
Added: Oct 16
Last Checked: Oct 20 at 5:59PM
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 LPT Realty, LLC
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Investment Insights
Based on property information with market context.
This 1958 duplex contains two units, each with 2 bedrooms, 1 bathroom, and a separate laundry room. The property totals 1,529 square feet and has impact windows, separate electric and water meters, and a driveway for parking. Both residences are occupied by long-term tenants.
Located in Hollywood, the property is zoned RS-6. Schools, major highways, restaurants, and shopping centers are nearby.
Located in Hollywood, the property is zoned RS-6. Schools, major highways, restaurants, and shopping centers are nearby.
Key Highlights
- Two units, each with 2 bedrooms and 1 bathroom
- 1,529 square feet of living area
- Impact windows
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,395
Cap Rate
5.22%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$547,900
$547.9K
Cap Rate 7%
$391,357
$391.4K
Cap Rate 9%
$304,389
$304.4K
Market Conditions
NOI Build-Up for 1,529 SF
Gross rent
$41.3K $27.00/SF
− Vacancy
−$2.1K −$1.40/SF
EGI
$39.1K $25.60/SF
− OpEx
−$11.7K −$7.68/SF
NOI
$27.4K $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%
$547,900
Cap Rate 7%
$391,357
Cap Rate 9%
$304,389
Alternative Uses
Best Use
Multifamily LT 5
$391.4K
$342.4K – $456.6K
NOI $27,395 @ 7.0% cap · market cap 5.22%
Second Best
Apartment 5plus
$364.1K
$318.6K – $424.8K
NOI $25,485 @ 7.0% cap · market cap 4.86%
Theoretical Best
Office A
$598.1K
$523.4K – $697.8K
NOI $41,870 @ 7.0% cap · market cap 7.98%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
100%
Occupancy
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,220
Businesses Nearby
Explore this area
Business Placement
Demographics for 33024, FL
74,843
Population
26,552
Households
2.8
Avg Household Size
39
Median Age
28%
College-Educated
90%
High-School Grad
11.6 sq mi
ZIP Area
6,452
Density / Sq Mi
$76,501
Median Household Income
$38,144
Median Earnings
$1,724
Median Rent
$365,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Separate electric and water meters serve each residence, and both units have long-term tenants.
Where is this duplex located?
The property is located at 6351 Hayes Street Hollywood, FL.
What is the asking price?
The asking price for this property is $524,900.
What are key features of this property?
This property features: Two units, each with 2 bedrooms and 1 bathroom; 1,529 square feet of living area; Impact windows
