2206 Fillmore Street 110,Hollywood, FL 33020
Hollywood, FL 33020
Description
Rarely available 10-unit multifamily property in the heart of Hollywood, Florida - fully occupied, cash-flowing from day one, and priced extremely competitively. Comprising two well-maintained buildings totaling 7,445sq.ft. on a generous 20,060sq.ft. lot, this asset delivers immediate NOI of $158,414 annually, 7.03% Cap Rate and meaningful rent upside still on the table. The unit mix - seven 1BR/1BA, two 2BR/1BA and one 3BR/2BA - attracts a broad renter demographic, reducing vacancy risk across market cycles. Both buildings received a new roof and new wall AC units, dramatically reducing near-term capex exposure and making this a true turnkey acquisition. The location is exceptional. Situated just blocks from Downtown Hollywood's vibrant ArtsPark and restaurant corridor, and only 7 minutes from the award-winning Hollywood Beachfront Broadwalk, demand for rentals here is structural and persistent. Fort Lauderdale-Hollywood International Airport (FLL) is 15 minutes away, and easy I-95 access puts Miami in 25 minutes and Boca Raton in 30 minutes. Zoned DH-2, the site permits up to 4 stories and 45 feet in height - giving a future owner optionality to redevelop at higher density as Hollywood's Downtown corridor continues its rapid appreciation trajectory. Twenty stacked parking spaces are a premium differentiator in this urban submarket. Virtual staging incorporated in the listing photos. For more information and to schedule a showing, please call today!
Details
| MLS # | A12003504 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1959 |
| Days On Site | 141 |
| Listing Provided By | United Realty Group Inc | Mariya Stoyanova |
Features
| SQ Feet | 7,445 |
|---|---|
| Story(s) | 1 |
| Zoning | DH-2 |
Exterior
| Lot Features | Quarter To Half Acre Lot |
|---|
Taxes
| Tax Annual Amount | 38956 |
|---|
Area Information
| State | FL |
|---|---|
| County | Broward |
| City | Hollywood |
| Zip Code | 33020 |
| Area | 3050 |
| Subarea | HWEA Hollywood East (3010 3050) |
| Community Name | ¤HOLLYWOOD LITTLE RANCHES |
| Listing VS Median (in ¤HOLLYWOOD LITTLE RANCHES) | |
Price: $2,255,000 low | high Med: $2,255,000 sqft: 7,445 low | high Med: 7,445 $ / sqft: $303 low | high Med: $303 On site: 141 low | high Med: 141 | |
Market Activity 33020
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Learn More About This Property
| State | FL |
|---|---|
| County | Broward |
| City | Hollywood |
| Zip Code | 33020 |
| Area | 3050 |
| Subarea | HWEA Hollywood East (3010 3050) |
| Community Name | ¤HOLLYWOOD LITTLE RANCHES |
| Listing VS Median (in ¤HOLLYWOOD LITTLE RANCHES) | |
Price: $2,255,000 low | high Med: $2,255,000 sqft: 7,445 low | high Med: 7,445 $ / sqft: $303 low | high Med: $303 On site: 141 low | high Med: 141 | |
