Rare 8-unit multifamily investment opportunity just north of Downtown Hollywood. Property consists of 3 buildings totaling approximately 6,402 SF on a 10,904 SF lot with a unit mix of four 1/1s, two 2/1s, one 2/2 and one studio. Currently 87.5% occupied with 7 of 8 units leased. Current NOI is approximately $85,548 with a 5.18% cap rate. Ownership projects approximately $132,608 NOI and an 8.04% cap rate at full occupancy and projected rents. Major capital improvements include replacement roofs on all 3 buildings, updated HVAC systems, updated bathrooms in every unit and 5 renovated kitchens. Features include on-site laundry, private terrace, separate rear cottage and dedicated parking for the front house. DH-3 zoning near Hollywood Blvd, Young Circle, Dixie Hwy and US-1.
- State:
- FL
- County:
- Broward
- City:
- Hollywood
- Zipcode:
- 33020
- Street:
- 2028 Fillmore St, Hollywood, Florida 33020
- Longitude:
- W81° 51' 8.4''
- Latitude:
- N26° 0' 54.2''
- Building Area:
- 6,402 Sqft
- Cumulative DOM:
- 1
- DOM:
- 1
- Internet Address Display:
- 1
- Internet Listing Display:
- 1
- Parcel Number:
- 514215012170
- Structure Type:
- Apartment, Multi Family
- Tax Annual Amount:
- $21,456
Commercial Sale For Sale
2028 Fillmore St, Hollywood, Florida 33020, Hollywood, Florida 33020
- Property Type :
- Commercial Sale
- Listing Type :
- For Sale
- Price :
- $1,650,000
- Year Built :
- 1942
- Lot Area :
- 10,904 Sqft
- MLS # :
- A12095641
