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    2020 Madison St Hollywood, FL 33020

    Sponsored
    For Sale
    $500,000

    Charming 2-unit Hollywood investment opportunity.

    Property size:
    1,086 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This 1-story, 1,086 square foot duplex in Hollywood, Florida (33020), built in 1946, presents a compelling investment opportunity. Priced at $500,000, this property offers two units, each with its own electric panel and parking space in the rear alley. One unit, currently owner-occupied, boasts recent updates including new kitchen cabinets, countertops, and a gas stove (installed 7 years ago), along with a water heater replaced 5 years ago. The second unit is rented month-to-month and features an electric stove. A detached rear building provides convenient laundry facilities for both units. The property benefits from a single water meter, a roof replaced in 2018, and new plumbing installed under both kitchens. Furthermore, termite tenting was completed 5 years ago and carries an active warranty. A recent 4-point inspection was conducted in July, providing further assurance. This property is located at 2020 Madison St, in Broward County, and offers a solid foundation for a savvy investor seeking a multifamily property in a desirable location. The property's features, recent updates, and active rental income make it an attractive prospect.

    Property Features for 2020 Madison St

    General Information

    Property type
    Multifamily properties
    Square Feet
    1,086 SF

    Building Details

    Year Built
    1946
    Stories
    1
    Units
    2

    HighLights

    • $500,000 asking price.
    • Hollywood, FL multifamily property.
    • Two‑unit apartment building (duplex).
    • 1,086 square feet.
    • Built in 1946, one story.
    Property Profile Location Intelligence

    Current Use by Public Records

    Small apartment buildings

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Hollywood
    County
    Broward
    State
    Florida
    Longitude
    -80.1475845
    Latitude
    26.0064794

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    FAQs

    What type of property is this?
    Multifamily property - Charming 2-unit Hollywood investment opportunity.
    Where is this multifamily property located?
    The property is located at 2020 Madison St Hollywood, FL.
    What is the asking price?
    The asking price for this property is $500,000.
    What are key features of this property?
    This property features: $500,000 asking price.; Hollywood, FL multifamily property.; Two-unit apartment building (duplex).
    Request Owner's contact information
    2020 Madison St 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
    2020 Madison St Hollywood, FL 33020
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