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    1219 20Th Ave Hollywood, FL 33020

    For Sale
    $999,000

    Prime Hollywood Duplex/Triplex, $999,000

    Property size:
    2,040 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 1-story, 2,040 square foot multifamily property, built in 1973, presents a compelling investment opportunity in the desirable Hollywood, Florida area. Located at 1219 N 20th Ave, 33020, this property is zoned for 2-9 units, offering significant potential for future expansion and increased rental income. The property currently operates as a duplex or triplex (exact configuration not specified), with each unit boasting its own private laundry room complete with washer and dryer connections, and dedicated parking. Impact windows and doors enhance security and energy efficiency. Individual electric and water meters ensure tenants are responsible for their own utilities, simplifying management. The property's central location provides easy access to public transportation, beaches, and major roadways. Landscaping is maintained by the owner, minimizing ongoing maintenance responsibilities. The asking price is $999,000. Note that provided photos depict a 2-bedroom, 1-bathroom unit. This property is an excellent choice for investors seeking a well-maintained, income-generating asset with significant upside potential in a thriving Florida market.

    Property Features for 1219 20Th Ave

    General Information

    Property type
    Multifamily properties
    Square Feet
    2,040 SF

    Building Details

    Year Built
    1973
    Stories
    1

    HighLights

    • $999,000 asking price.
    • Multifamily property, specifically a 1‑story apartment building (duplex/triplex/quadplex).
    • 2,040 square feet.
    • Built in 1973.
    • Located at 1219 N 20th Ave, Hollywood, FL 33020.
    • Individual unit laundry, parking, and utility meters.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Small apartment buildings

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Hollywood
    County
    Broward
    State
    Florida
    Longitude
    -80.147097
    Latitude
    26.0223013

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    FAQs

    What type of property is this?
    Multifamily property - Prime Hollywood Duplex/Triplex, $999,000
    Where is this multifamily property located?
    The property is located at 1219 20Th Ave Hollywood, FL.
    What is the asking price?
    The asking price for this property is $999,000.
    What are key features of this property?
    This property features: $999,000 asking price.; Multifamily property, specifically a 1-story apartment building (duplex/triplex/quadplex).; 2,040 square feet.
    Request Owner's contact information
    1219 20Th Ave 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
    1219 20Th Ave Hollywood, FL 33020
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