Duplex with Rental
New
For Sale
$499,000
924 N 16TH Avenue, Hollywood, FL 33020
One residence has a month-to-month tenant, while the second is vacant.
Property Size957 SF
Price / SF$521.42
Days on Market4
Property Features for 924 N 16TH Avenue
General Information
Standard status
Active
Size
957 SF
Property subtype
Duplex
Site & Location
Neighborhood
Hollywood Lakes
Additional Details
Multifamily Units
2
Tenant in Place
Yes
Amenities
backyard
Building Details
Year Built
1952
Buildings
1
Tenancy
Single
Listing Agency:
Compass Florida, LLC
(954) 477-7332
Listed By:
Ann E McQueen · License #3041716
(954) 673-2842
Source:
Lehmannflorida
Added: Oct 26
Changed: Oct 29
Last Checked: Oct 28 at 5:52AM
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 Compass Florida, LLC
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Investment Insights
Based on property information with market context.
Built in 1952, this duplex has two residences with different occupancy: one is leased to a long-term tenant on a month-to-month basis, and the other is vacant. The property offers immediate rental income from the occupied unit, while the vacant residence is available for its next occupant.
The duplex is next to Hollywood Beach Golf Course and a short distance from the beach, downtown Hollywood, and the Hollywood Beach Broadwalk. The airport is approximately 15 minutes away.
The duplex is next to Hollywood Beach Golf Course and a short distance from the beach, downtown Hollywood, and the Hollywood Beach Broadwalk. The airport is approximately 15 minutes away.
Key Highlights
- Two residences: one occupied by a long‑term, month‑to‑month tenant and one vacant
- Built in 1952
- Next to Hollywood Beach Golf Course
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,147
Cap Rate
3.44%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$342,940
$342.9K
Cap Rate 7%
$244,957
$245.0K
Cap Rate 9%
$190,522
$190.5K
Market Conditions
NOI Build-Up for 957 SF
Gross rent
$25.8K $27.00/SF
− Vacancy
−$1.3K −$1.40/SF
EGI
$24.5K $25.60/SF
− OpEx
−$7.3K −$7.68/SF
NOI
$17.1K $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%
$342,940
Cap Rate 7%
$244,957
Cap Rate 9%
$190,522
Alternative Uses
Best Use
Multifamily LT 5
$245.0K
$214.3K – $285.8K
NOI $17,147 @ 7.0% cap · market cap 3.44%
Second Best
Apartment 5plus
$227.9K
$199.4K – $265.9K
NOI $15,951 @ 7.0% cap · market cap 3.20%
Theoretical Best
Office A
$374.4K
$327.6K – $436.8K
NOI $26,206 @ 7.0% cap · market cap 5.25%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
2
Residential units
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,431
Businesses Nearby
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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 - One residence has a month-to-month tenant, while the second is vacant.
Where is this duplex located?
The property is located at 924 N 16TH Avenue Hollywood, FL.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: Two residences: one occupied by a long‑term, month‑to‑month tenant and one vacant; Built in 1952; Next to Hollywood Beach Golf Course
