2028 Fillmore St, Hollywood FL 33020

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.

This income/multifamily home located at 2028 Fillmore St, Hollywood FL 33020 is currently for sale and has been available on Brickellsold for 1 day. This property is listed at $2M. It has N/A beds, N/A bathrooms, and is N/A square feet. It was built in 1942. 2028 Fillmore St, Hollywood FL 33020 is in Hollywood county Broward County.