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    Remodeled Hollywood Fourplex Near Beach

    2432 Sherman Street Hollywood, FL 33020

    2432 Sherman Street, Hollywood, FL, 33020
    $989,000
    For Sale
    Claim this Listing
    $989,000

    MULTI_FAMILY - Hollywood, FL

    Property Size2,016 SF
    Price / SF$490.58
    AddedJan 2
    Days on Market194
    Last RefreshJul 15 at 7:06 am

    Property Features for 2432 Sherman Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    RM-9
    Bedrooms
    4
    Rooms
    Bathroom 2, Bathroom 3, Bathroom 1, Bedroom 2, Bedroom 3, Bathroom 4, Bedroom 1, Bedroom 4
    Window features
    Blinds
    Patio and Porch features
    Porch
    Fencing
    Fenced
    Standard status
    Active
    APN
    514209056510
    Size
    2,016 SF

    Taxes and HOA fees

    Tax Year
    2023
    Tax Description
    HOLLYWOOD PARK 4-19 B LOT 16 BLK 40
    Tax Annual Amount
    16327

    Utilities

    Utilities
    Cable Available
    Heating system
    Central
    Cooling system
    Central Air

    Building Details

    Year built
    1972
    Floors in Building
    1
    Number of units
    4
    Flooring type
    Laminate
    Building materials
    Block
    Roof type
    Composition, Shingle

    Listing agent Carlos A Montoya License #0623048

    Listing office Fidelity Real Estate Group LLC 10100 W Sample Road Ste.401, CORAL SPRINGS, FL

    Listing date Jan 2, 2026

    MLS# F10543163 Listing URL

    Copyright © 2026 BeachesMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Investment Insights

    Based on property information with market context.

    This Hollywood fourplex, remodeled in 2022, features two 2-bedroom, 1-bath units and two studios. The remodel included all electric panels, a new roof, hurricane impact windows, insulation, and waterproof vinyl flooring. The 2-bedroom units have central A/C, while the studios are equipped with split mini A/Cs. All kitchens feature wood cabinets, stainless steel appliances, and quartz countertops. The building has washer/dryer hookups, suitable for coin-operated machines for additional income. The property is suitable for owner-occupants, investors, or Airbnb. The projected annual gross income is $88,800, with annual expenses of $28,307. Expenses include $16,327 in taxes, $600 for landscaping, $5,500 for insurance, $1,080 for water, and $4,800 for electricity. The property is zoned RM-9 and has a property size of 2016 square feet.

    Key Highlights

    • Fully remodeled Hollywood 4‑plex near the beach; year built 1972
    • Unit mix: two 2‑bedroom/1‑bath units plus two studio apartments
    • 2022 remodel included roof, electric panels, hurricane impact windows, insulation, and waterproof vinyl flooring

    Local Financial Insights For Multifamily LT 5

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $54.4k $27.00
    − Vacancy −$2.8k −$1.40
    EGI $51.6k $25.60
    − OpEx −$15.5k −$7.68
    NOI $36.1k $17.92
    2,016 SF · lease $27.00/SF/yr · vacancy 5.20% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $516.0K
    $451.5K – $602.0K (±1% cap)
    NOI $36,121 @ 7.0% cap · market cap 3.65%
    Second Best
    Apartment 5plus
    $480.0K
    $420.0K – $560.1K (±1% cap)
    NOI $33,603 @ 7.0% cap · market cap 3.40%
    Theoretical Best
    Office A
    $788.7K
    $690.1K – $920.1K (±1% cap)
    NOI $55,206 @ 7.0% cap · market cap 5.58%
    Zoning and permitted uses should be independently verified with local authorities.

    Property Analytics

    Property Profile Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Dental Office Acupuncture Florist Daycare Center (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store Tanning Salon Mobile Phone Store Accounting Firm (Bike/Boat/Book/etc) Store

    Zoning and permitted uses should be independently verified with local authorities.

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    FAQs

    What type of property is this?
    Quadplex - Fully remodeled Hollywood fourplex near the beach, ideal for investors.
    Where is this quadplex located?
    The property is located at 2432 Sherman Street Hollywood, FL.
    What is the asking price?
    The asking price for this property is $989,000.
    What are key features of this property?
    This property features: Fully remodeled Hollywood 4‑plex near the beach; year built 1972; Unit mix: two 2‑bedroom/1‑bath units plus two studio apartments; 2022 remodel included roof, electric panels, hurricane impact windows, insulation, and waterproof vinyl flooring
    Contact an agent
    (954) 234-7653
    We can help!
    Contact an agent
    Carlos A Montoya
    Carlos A Montoya
    Real Estate License ID: 0623048
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