Renovated Duplex Income
For Sale
$529,999
6351 Hayes Street, Hollywood, FL 33024
Renovated duplex built in 1959 with two 2-bedroom, 1-bath units and in-unit laundry rooms.
Property Size1,529 SF
Price / SF$346.63
Days on Market31
Property Features for 6351 Hayes Street
General Information
Standard status
Active
Size
1,529 SF
Property subtype
Duplex
Additional Details
Business Included
Yes
Multifamily Units
2
Building Details
Year Built
1958
Tenancy
Multi
Listing Agency:
BAWONS Properties, Inc
(305) 509-8336
Listed By:
Wendy Pierre · License #3176578
(305) 509-8336
Source:
Lehmannflorida
Added: Jul 2
Changed: Jul 21
Last Checked: Aug 1 at 5:15AM
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 BAWONS Properties, Inc
Investment Insights
Based on property information with market context.
Built in 1959 and renovated over time, this duplex includes hurricane impact windows and features two separate 2-bedroom, 1-bath units. Each unit has a laundry room, supporting convenient in-home laundry use for residents.
The property is located at 6351 Hayes Street in Hollywood, Florida, with quick access to major job centers, good schools, and local parks as noted in the remarks. Tenants pay for water and electricity, while the landlord services the septic tank regularly.
The duplex consists of two long-term residential income units, each currently collecting $2,000 per month in rent per the provided information.
The property is located at 6351 Hayes Street in Hollywood, Florida, with quick access to major job centers, good schools, and local parks as noted in the remarks. Tenants pay for water and electricity, while the landlord services the septic tank regularly.
The duplex consists of two long-term residential income units, each currently collecting $2,000 per month in rent per the provided information.
Key Highlights
- Renovated duplex built in 1959 (1958 reported), featuring two 2‑bedroom, 1‑bath units
- Each unit has a dedicated laundry room and is currently rented at $2,000/month
- Tenants pay for water and electricity; landlord services the septic tank regularly
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 | $41.3k | $27.00 |
| − Vacancy | −$2.1k | −$1.40 |
| EGI | $39.1k | $25.60 |
| − OpEx | −$11.7k | −$7.68 |
| NOI | $27.4k | $17.92 |
1,529 SF · lease $27.00/SF/yr · vacancy 5.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$391.4K
$342.4K – $456.6K
NOI $27,395 @ 7.0% cap · market cap 5.17%
Second Best
Apartment 5plus
$364.1K
$318.6K – $424.8K
NOI $25,485 @ 7.0% cap · market cap 4.81%
Theoretical Best
Office A
$598.1K
$523.4K – $697.8K
NOI $41,870 @ 7.0% cap · market cap 7.90%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Turnkey business
Opportunity
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Renovated duplex built in 1959 with two 2-bedroom, 1-bath units and in-unit laundry rooms.
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 $529,999.
What are key features of this property?
This property features: Renovated duplex built in 1959 (1958 reported), featuring two 2‑bedroom, 1‑bath units; Each unit has a dedicated laundry room and is currently rented at $2,000/month; Tenants pay for water and electricity; landlord services the septic tank regularly
