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    1716 16Th Ct Hollywood, FL 33020

    For Sale
    $699,500

    Prime Hollywood Duplex, Income Producing

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional 1958-built, single-story duplex in Hollywood, Florida, presents a fantastic investment opportunity. Located on a desirable corner lot east of US-1, this well-maintained property boasts two spacious units. The east unit is a 1-bedroom, 1-bathroom apartment featuring updated kitchen, paint, fixtures, and fans, plus a large screened porch. The west unit is a furnished 2-bedroom, 2-bathroom apartment with a large enclosed Florida room and an in-unit washer/dryer. Accordion shutters add to the property's charm and security. The property's layout offers significant potential for expansion; it could easily be converted into a triplex by adding a studio apartment with kitchenette, increasing rental income. This versatile property is ideally situated minutes from beaches, parks, downtown Hollywood, shops, restaurants, and the international airport. The pride of ownership is evident throughout this well-kept property, making it a must-see for discerning investors seeking a strong return on investment in a prime location. The asking price is $699,500. The property is located at 1716 N 16th Ct, Hollywood, FL 33020.

    Property Features for 1716 16Th Ct

    General Information

    Property type
    Multifamily properties

    Building Details

    Year Built
    1958
    Stories
    1

    HighLights

    • $699,500 asking price.
    • Multifamily property, specifically a 1‑story duplex/triplex/quadruplex apartment building.
    • Built in 1958.
    • Located at 1716 N 16th Ct, Hollywood, FL 33020, in Broward County.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Small apartment buildings

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Hollywood
    County
    Broward
    State
    Florida
    Longitude
    -80.1404478
    Latitude
    26.0269425

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    FAQs

    What type of property is this?
    Multifamily property - Prime Hollywood Duplex, Income Producing
    Where is this multifamily property located?
    The property is located at 1716 16Th Ct Hollywood, FL.
    What is the asking price?
    The asking price for this property is $699,500.
    What are key features of this property?
    This property features: $699,500 asking price.; Multifamily property, specifically a 1-story duplex/triplex/quadruplex apartment building.; Built in 1958.
    Request Owner's contact information
    1716 16Th Ct Hollywood, FL 33020
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    Hollywood, FL 33020
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1716 16Th Ct Hollywood, FL 33020
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