924 16Th Ave Hollywood, FL 33020
- Small apartment buildings
Current Use by Public Records
- Small apartment buildings
Property Details for 924 16Th Ave
- Year built
- 1952
- Property type
- Small apartment buildings
Description
This charming 1952-built, one-story duplex in Hollywood, Florida, presents a unique investment opportunity. Located at 924 N 16th Ave, 33020, this property boasts a prime location just 10 minutes from Hollywood Beach and 5 minutes from the vibrant downtown Hollywood and Young Circle area, known for its diverse restaurants and nightlife. The duplex is situated in a peaceful, tree-lined neighborhood, offering a tranquil setting while remaining close to major attractions. Each unit features expansive backyards with manicured landscaping. The property has been beautifully updated, making it ideal for owner-occupancy with one unit rented out, or for use as an Airbnb. Alternatively, the property presents significant development potential, with the possibility of constructing townhomes, each estimated to sell for approximately $600,000. The asking price for this multifamily property is $535,000. Further enhancing its desirability, the property includes hurricane shutters and impact windows, providing peace of mind and protection against severe weather. This is an exceptional opportunity for first-time or experienced investors seeking a strong return on investment or those interested in a lucrative development project. Don't miss this chance to own a piece of Hollywood's vibrant real estate market.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Hollywood
- County
- Broward
- State
- Florida
- Longitude
- -80.1394396
- Latitude
- 26.0198892
