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305-785-6272
Real Estate Company
2028 Fillmore St, Hollywood, FL 33020
- $1,650,000
- List Price
- $1,650,000
- MLS#
- A12095641
- Status
- ACTIVE
- Type
- Commercial
Property Description
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.
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Additional Information
- Days on Market
- 28
- Tax Amount
- $21,456
- Parcel Number
- 514215012170
- Lot Size
- 10,904
- Address
- 2028 Fillmore St, Hollywood
- Year Built
- 1942
- Section
- 15
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Listing Courtesy of RE/MAX 5 Star Realty, Contact: