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Rental income - Office or Residential 7151 Taft St 1,179 SF Office Building Hollywood, FL 33024 $528,000 ($447.84/SF) 11% Cap Rate
Investment Highlights
- Rental income - Office or Residential
Executive Summary
This Office or Residential 2BR/1BA home plus den offers both comfortable living and excellent income potential, with an estimated rental projection of up to $62,400 per year. Renovated with over $100,000 in improvements, including a newer roof (2021), Newer A/C compressor, and septic system serviced within the past year. Situated on a 6,764 SF lot and elevated approximately 3 feet above street level. Features include a Florida room, utility room, porch, asphalt driveway, patio areas, and ample parking. Spacious backyard ideal for entertaining or relaxing.
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$42,000
|
$35.62
|
| Other Income |
$42,000
|
$35.62
|
| Vacancy Loss |
$12,000
|
$10.18
|
| Effective Gross Income |
$72,000
|
$61.07
|
| Taxes |
$2,976
|
$2.52
|
| Operating Expenses |
$6,240
|
$5.29
|
| Total Expenses |
$9,216
|
$7.82
|
| Net Operating Income |
$62,784
|
$53.25
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $42,000 |
| Annual Per SF | $35.62 |
| Other Income | |
|---|---|
| Annual | $42,000 |
| Annual Per SF | $35.62 |
| Vacancy Loss | |
|---|---|
| Annual | $12,000 |
| Annual Per SF | $10.18 |
| Effective Gross Income | |
|---|---|
| Annual | $72,000 |
| Annual Per SF | $61.07 |
| Taxes | |
|---|---|
| Annual | $2,976 |
| Annual Per SF | $2.52 |
| Operating Expenses | |
|---|---|
| Annual | $6,240 |
| Annual Per SF | $5.29 |
| Total Expenses | |
|---|---|
| Annual | $9,216 |
| Annual Per SF | $7.82 |
| Net Operating Income | |
|---|---|
| Annual | $62,784 |
| Annual Per SF | $53.25 |
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Office/Residential
Building Size
1,179 SF
Building Class
B
Year Built
1960
Price
$528,000
Price Per SF
$447.84
Cap Rate
11%
NOI
$58,080
Tenancy
Single
Building Height
1 Story
Typical Floor Size
1,179 SF
Building FAR
0.17
Lot Size
0.16 AC
Zoning
0-1 - Zoning for light Intensity Office, SPECIAL EXCEPTION FOR Day Care facilities and Personal Service Uses
Parking
3 Spaces (2.54 Spaces per 1,000 SF Leased)
1 1
Moderately walkable
70/100
Moderately drivable
70/100
Limited public transit
30/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 51-41-11-24-0660 | Total Assessment | $401,150 (2026) |
| Land Assessment | $60,880 (2026) | Annual Taxes | $2,976 ($2.52/SF) |
| Improvements Assessment | $340,270 (2026) | Tax Year | 2025 |
Property Taxes
Parcel Number
51-41-11-24-0660
Land Assessment
$60,880 (2026)
Improvements Assessment
$340,270 (2026)
Total Assessment
$401,150 (2026)
Annual Taxes
$2,976 ($2.52/SF)
Tax Year
2025
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Rental income - Office or Residential | 7151 Taft St
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