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2206 Fillmore St #1-10

Hollywood, FL

Listing Details

  • $2,255,000
  • MLS# A12003504
  • Type Multi Unit - Multiple
  • Status Active
  • 7,445
    Square Feet
  • 1959
    Year Built

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... Read more acquisition. The location is exceptional. Situated just blocks from Downtown Hollywoods 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 Hollywoods Downtown corridor continues its rapid appreciation trajectory. Twenty stacked parking spaces are a premium differentiator in this urban submarket. For more information and to schedule a showing, please call today!

Key Features

No amenity information available.

View All Features
2206 Fillmore St #1-10
Hollywood, FL 33020
Subdivision
¤HOLLYWOOD LITTLE RANCHES
County
Broward

Contact the Agent

Luxury Homes Specialist
Contact the Listing Agent
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All Property Features

  • Property Type: Multi Unit - Multiple
  • Cooling: Wall/Window Unit(s)
  • Crops Included Y/N: No
  • Days on Site: 29
  • Directions: GPS
  • Exterior: Concrete Block With Brick, CBS Construction
  • Flooring: Tile
  • Heating: Window/Wall
  • Home Style: Attached
  • Home Warranty Y/N: No
  • Lease Considered Y/N: No
  • Listing Terms: All Cash, Conventional
  • Lot Description: 1/4 To Less Than 1/2 Acre Lot
  • Parcel#: 514216014000
  • Property Attached Y/N: No
  • Property Sub-Type: Quadruplex
  • Roof Type: Shingle
  • Sewer: Septic Tank
  • Stories: 1.0
  • Taxes: $38,956
  • Units: 10
  • Year Built: 1959