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+90 photosLuxury home — 1218 N 24th Avenue · Hollywood Terrace Amen Pl · Hollywood
$559,000
1218 N 24th Avenue, Hollywood, FL 33020
Hollywood, FL, 33020
— bd · — ba · 1,814 sqft
Listed by Plentium Realty
1218 N 24th Avenue, Hollywood, FL 33020
Listed by Plentium Realty
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Estimated monthly payment
$4,262/mo
Income & expenses
2 units| Building totals | Monthly | Annual |
|---|---|---|
| Gross rental income | $1,950 | $23,400 |
| Operating expenses (est.) | $987 | $11,843 |
| Net operating income (est.) | $963 | $11,557 |
Expenses include estimated taxes, insurance, HOA and the 10% vacancy, repairs and management allowance. Loan payments are separate.
Yearly rent
$23,400
Property taxes after sale
$6,708
Florida average estimate
Insurance estimate
$2,795
South Florida average insurance estimate
Cap rate — optimistic
2.49%
NOI $13,897/yr
Rent minus taxes, insurance and HOA.
Cap rate — conservative
2.07%
NOI $11,557/yr
Also minus 10% for vacancy, repairs and management.
Cash flow with a loan
Conservative net operating income minus a 30-year loan payment at the price tested above.
Rent figures come from the listing. Taxes are estimated at the tested price, since Florida taxes reset on sale. Planning estimate only, not a quote. Actual premiums depend on roof age, wind mitigation, flood zone, claims history and the carrier. Verify all income and expenses with the seller's rent roll before writing an offer. Estimate only, not guaranteed. Verify before you buy or sell.
Know your costs before you buy
Work through three numbers: your estimated monthly payment, the cash needed at closing, and insurance & flood.
Estimated monthly payment $4,262/mo · principal, interest, taxes, insurance and HOA. Verify before you buy.
Cash to close includes the down payment, lender and title costs, taxes, insurance prepayments and escrow deposits. Editable estimate only.
Insurance and flood: X · verify insurance quotes before buying.
About this home
Find similar homesExcellent Investment Opportunity! Stunning Corner Duplex with Income Potential!Beautifully upgraded corner duplex offering an excellent opportunity for investors or owner-occupants seeking additional rental income.The property features two well-appointed units: a fully furnished and equipped 1-bedroom unit and a spacious 2-bedroom unit. Both offer stylish interiors, open-concept living areas, and beautifully designed kitchens with stainless steel appliances.The 1-bedroom unit is currently rented month-to-month for $1,950 per month, providing immediate rental income. The spacious 2-bedroom unit is vacant and offers an estimated rental potential of $3,100 per month, bringing the property's potential combined monthly rental income to $5,050.Conveniently located near schools, parks, beaches, and shopping, this property combines modern upgrades, flexibility, and excellent income-producing potential.Whether you're looking to expand your investment portfolio or live in one unit while generating rental income from the other, this duplex offers a great opportunity.Don't miss out! Schedule your private showing!
Property Details
Your costs (est.)
≈ $4,262/mo
1218 N 24th Avenue, Hollywood, FL 33020 · Hollywood
Location
1218 N 24th Avenue, Hollywood, FL 33020
What buyers ask about this home
What are the estimated monthly carrying costs at 1218 N 24th Avenue, Hollywood, FL 33020?+
Property tax (after sale): $974/month est.; homeowners insurance: $388/month est.; HOA: $0/month. Fixed ownership costs before a mortgage: $1,362/month est. Principal and interest: $2,901/month; PMI: $0/month. Total for the payment scenario shown: $4,262/month est. Flood insurance is not included. Estimate only, not guaranteed. Verify before you buy or sell.
Will property taxes go up after I buy 1218 N 24th Avenue, Hollywood, FL 33020?+
Usually yes. In Florida the assessed value resets to market value in the year after a sale, so the seller's current tax bill is rarely what a new owner pays. Budget roughly 1.8–2.0% of the purchase price annually until you file for homestead exemption and the Save Our Homes cap (or the 10% non-homestead cap) starts limiting increases.
Does 1218 N 24th Avenue, Hollywood, FL 33020 need flood insurance, and what drives the premium?+
Most of Hollywood sits in a FEMA flood zone, and lenders require flood coverage in high-risk zones. Premiums are driven by elevation certificate, flood zone, roof age and shape, and whether the home has impact windows or accordion shutters. Ask for the current declarations page, the four-point inspection and wind mitigation report early — they set your real cost of ownership.
What should an inspection focus on for a home like 1218 N 24th Avenue, Hollywood, FL 33020?+
In coastal South Florida, prioritize roof age and permit history, whether windows and doors are impact-rated, the seawall and dock condition on waterfront lots, drainage and elevation, plumbing type (cast iron and polybutylene are common in homes of this era), and any open or expired permits with the city. These items, not cosmetics, drive both price and insurability.
Is there room to negotiate on 1218 N 24th Avenue, Hollywood, FL 33020?+
This listing has been on the market 1 days. Leverage comes from days on market, price history, comparable closed sales and the seller's motivation — not from a fixed percentage. I pull the full history and the true comps before we write, so the offer is built on what the property is actually worth today. Call or text (954) 562-1798 for that analysis.
Neighborhood & Commute
Located in Hollywood, this property offers the South Florida lifestyle — warm-weather living year-round with easy access to the Atlantic coast, A-rated schools, and major business centers.
Approximate Drive Times
Drive times are estimates based on straight-line distance at typical South Florida traffic speeds. Actual times vary with traffic and routing.
Assigned schools for this address
Zone boundaries published by Broward County Public Schools.
Other options for this address
Hollywood Academy Of Arts And Science Middle School
Middle school · Charter · Grades 6–8 · Hollywood
Championship Academy Of Distinction Middle School
Middle school · Charter · Grades 6–8 · Hollywood
Guidepost Montessori At Hollywood Beach
Pre-K & Kindergarten · Private · Grades PK–12 · Hollywood
Guidepost Montessori At Hollywood Beach
Pre-K & Kindergarten · Private · Grades PK–12 · Hollywood
Sheridan Hills Christian School
Pre-K & Kindergarten · Private · Christian · Grades PK–12 · Hollywood
Mati Talent Institute Private School
Pre-K & Kindergarten · Private · Grades PK–12 · Hallandale Beach
Aukela Christian Military Academy
Pre-K & Kindergarten · Private · Christian · Grades K–12 · West Park
School assignment is set by the district and can change. Always confirm the zoned school with the district before you buy.
Simon Gedz
Realtor® since 1995
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