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611 24th ave
Hollywood, FL 33020 Highland Garden

$1,275,000 USD

Apartments For Sale  •  20,438 SF

Property Details

  • Property Type Apartments
  • Total Building Size 20,438 SF
  • Lot Size 0.48 AC
  • Building Class C
  • Year Built 1937
  • Cap Rate 8.73 %
  • Zoning DH2
38 Transit Score
65 Walk Score

Highlights

Strong In-Place Cash Flow-Stabilized asset with immediate cash flow from seven residential units
High-Density Zoning – DH-2 (Downtown High Intensity District)
Value-Add & Redevelopment Opportunity-Existing improvements generate income while entitlements or redevelopment plans are pursued
Prime Hollywood Location-Positioned within a city actively encouraging urban infill and density
Favorable long-term demographic growth supporting multifamily demand

Financial Summary (Actual)

Net Operating Income: $111,268 USD (2025)
Cap Rate: 8.73 %
Total Expenses: $25,532 USD

Public Transportation

Commuter RailDriveWalkDistance
Hollywood (Tri-County Commuter - South Florida Regional Transportation Authority (Tri-Rail)) 4 min - 1.4 mi
Sheridan Street (Tri-County Commuter - South Florida Regional Transportation Authority (Tri-Rail)) 7 min - 2.6 mi
AirportDriveWalkDistance
Fort Lauderdale/Hollywood International 12 min - 6.5 mi
Miami International 40 min - 23.6 mi

Parking Details

Parking Available: Yes
Reserved: No
Type: Surface
Included in Rent: Yes
Erica Mizrahi 305-761-1612 Keter Estates
Erica Mizrahi 305-761-1612 Keter Estates