1218 N 24th Ave

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1218 N 24th Ave

Hollywood, FL 33020
Asking Price
Contact for price
Asset Type
Apartment Building Multifamily
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Residential apartment building located in Hollywood, Florida
  • Property features a total of two individual units
  • Strategically situated within the broader Miami-Fort Lauderdale market
  • Asset presents a manageable scale for residential investment portfolios
  • Positioned in a dense region with consistent rental demand

What's Special

This multifamily apartment building at 1218 N 24th Ave in Hollywood, Florida, consists of two residential units. Positioned in the Broward County market, the asset benefits from the region's strong population density and proximity to major regional transit corridors. The coastal submarket is characterized by a stable demand for rental housing driven by both local employment centers and service-based industries throughout the Miami-Fort Lauderdale metropolitan area. Investors or owner-occupants may find this property suitable for continued residential leasing or potential long-term repositioning strategies. Its configuration as a two-unit asset offers a manageable scale for localized management within the Hollywood residential landscape. Given the steady growth of the South Florida housing sector, this building provides a functional entry point for those seeking to acquire a multi-unit residential asset in a key coastal city.

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NOI
$80,000
Cap Rate
8.00%
DSCR
1.35
Strong
Cash-on-Cash
6.88%
Monthly Payment
$4,947.454
Annual Cash Flow
$20,630.547

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