Updated 4-Unit
New
For Sale
$990,000
1838 Mckinley St, Hollywood, FL 33020
Each residence has its own air-conditioning unit, with tile and vinyl flooring inside.
Property Size1,911 SF
Days on Market4
Property Features for 1838 Mckinley St
General Information
Standard status
Active
Size
1,911 SF
Property subtype
Investment
Site & Location
Neighborhood
Royal Poinciana
Highway Access
Yes
Additional Details
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$14,655
Building Details
Building Size
1,911 SF
Year Built
1952
Stories
1
Listed By:
Aldrick Gonzalez PA
(786) 545-9222
Source:
Elliman
Added: Oct 23
Last Checked: Oct 24 at 7:20PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Aldrick Gonzalez PA
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Investment Insights
Based on property information with market context.
Built in 1952, this quadplex contains four separate living spaces. Interior updates include tile and vinyl flooring, and each residence has an individual air-conditioning unit.
The property is west of US-1, with Downtown Hollywood, Young Circle, restaurants, shopping, entertainment, and Hollywood Beach described as minutes away. Access to major highways connects the area with Fort Lauderdale and other South Florida destinations. WalkScore is 67, BikeScore is 69, and TransitScore is 39.
The property is west of US-1, with Downtown Hollywood, Young Circle, restaurants, shopping, entertainment, and Hollywood Beach described as minutes away. Access to major highways connects the area with Fort Lauderdale and other South Florida destinations. WalkScore is 67, BikeScore is 69, and TransitScore is 39.
Key Highlights
- Four separate living spaces
- Individual air‑conditioning units
- Updated interiors with tile and vinyl flooring
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,240
Cap Rate
3.46%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$684,800
$684.8K
Cap Rate 7%
$489,143
$489.1K
Cap Rate 9%
$380,444
$380.4K
Market Conditions
NOI Build-Up for 1,911 SF
Gross rent
$51.6K $27.00/SF
− Vacancy
−$2.7K −$1.40/SF
EGI
$48.9K $25.60/SF
− OpEx
−$14.7K −$7.68/SF
NOI
$34.2K $17.92/SF
Area
Hollywood, FL
Vacancy
5.20%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$684,800
Cap Rate 7%
$489,143
Cap Rate 9%
$380,444
Alternative Uses
Best Use
Multifamily LT 5
$489.1K
$428.0K – $570.7K
NOI $34,240 @ 7.0% cap · market cap 3.46%
Second Best
Apartment 5plus
$455.0K
$398.2K – $530.9K
NOI $31,852 @ 7.0% cap · market cap 3.22%
Theoretical Best
Office A
$747.6K
$654.1K – $872.2K
NOI $52,331 @ 7.0% cap · market cap 5.29%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
4
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,323
Businesses Nearby
Explore this area
Business Placement
Demographics for 33020, FL
45,044
Population
22,508
Households
2
Avg Household Size
41
Median Age
29%
College-Educated
89%
High-School Grad
6.0 sq mi
ZIP Area
7,507
Density / Sq Mi
$52,535
Median Household Income
$32,449
Median Earnings
$1,444
Median Rent
$306,700
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Each residence has its own air-conditioning unit, with tile and vinyl flooring inside.
Where is this quadplex located?
The property is located at 1838 Mckinley St Hollywood, FL.
What is the asking price?
The asking price for this property is $990,000.
What are key features of this property?
This property features: Four separate living spaces; Individual air‑conditioning units; Updated interiors with tile and vinyl flooring
