Hollywood Duplex Near New
2020 Madison St Hollywood, FL 33020
For Sale
Contact for pricing
Duplex in prime location near downtown Hollywood and beaches.
Property Size1,086 SF
Price / SF$455.80
Days on Market781
Property Features for 2020 Madison St
General Information
- Standard status
- Active
- Size
- 1,086 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1946
Listing Agency:
RE/MAX 5 Star Realty
(954) 673-7739
Listed By:
Alejandro Bruno · License #3118923
Source:
Crexi
Added: Jun 3, 2024
Changed: Jul 6
Last Checked: Jul 23 at 10:03AM
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 RE/MAX 5 Star Realty
Investment Insights
Based on property information with market context.
This property presents an investor opportunity in a location surrounded by new developments. Zoned for mixed-use development up to 10 stories, not to exceed 140 feet, with a maximum floor area ratio (FAR) of 3.00. The property is located minutes from Downtown Hollywood, beaches, and local events. The property contains two units. Unit #1, previously owner-occupied, was updated 7 years ago with modern kitchen cabinets, countertops, and a gas stove. Unit #2 is vacant and includes an electric stove. Both units have separate electric panels. The property features fruit trees, a detached laundry room, and two parking spaces, one per unit. There is a single water meter. A new roof was installed in 2018. The plumbing under both kitchens has been updated. Termite tenting was performed 5 years ago, with a clean inspection on June 2nd. A 4-point inspection was completed in July. The property size is 1,086 square feet.
Key Highlights
- Zoned Mixed Use, 10 Stories (up to 140 ft), MAX FAR of 3.00: Ideal for development.
- Unbeatable location: Minutes from Downtown Hollywood and beaches.
- New roof (2018) and updated plumbing under both kitchens.
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 | $29.3k | $27.00 |
| − Vacancy | −$1.5k | −$1.40 |
| EGI | $27.8k | $25.60 |
| − OpEx | −$8.3k | −$7.68 |
| NOI | $19.5k | $17.92 |
1,086 SF · lease $27.00/SF/yr · vacancy 5.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$278.0K
$243.2K – $324.3K
NOI $19,458 @ 7.0% cap · market cap 3.93%
Second Best
Apartment 5plus
$258.6K
$226.3K – $301.7K
NOI $18,101 @ 7.0% cap · market cap 3.66%
Theoretical Best
Office A
$424.8K
$371.7K – $495.7K
NOI $29,739 @ 7.0% cap · market cap 6.01%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Duplex in prime location near downtown Hollywood and beaches.
Where is this duplex located?
The property is located at 2020 Madison St Hollywood, FL.
What is the asking price?
The asking price for this property is $495,000.
What are key features of this property?
This property features: Zoned Mixed Use, 10 Stories (up to 140 ft), MAX FAR of 3.00: Ideal for development.; Unbeatable location: Minutes from Downtown Hollywood and beaches.; New roof (2018) and updated plumbing under both kitchens.
