2028 Fillmore St, Hollywood FL 33020
Hollywood, FL 33020
$1,650,000
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- Price
- $1,650,000
- Building size
- 6,402
- Property type
- Income/MultiFamily
- Year built
- 1942
- Lot size (sq ft)
- 10,904
- MLS number
- A12095641
This listing is courtesy of RE/MAX 5 Star Realty, 954-361-0000.
About this property
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.
Details
- Property type
- Income/MultiFamily
- Year built
- 1942
- Lot size (sq ft)
- 10,904
Location
Listing information is deemed reliable but is not guaranteed accurate by MIAMI REALTORS®.
Newmar Brokerage, LLC