Renovated Multi-Use Corner
For Sale
Contact for pricing
2001 N 22nd Avenue, Hollywood, FL 33020
Fully renovated multi-use property in the heart of Central Hollywood.
Property Size2,644 SF
Lot Size0.20 Acres
Price / SF$327.16
Days on Market175
Property Features for 2001 N 22nd Avenue
General Information
Standard status
Active
Size
2,644 SF
Total Parking Spaces
6
Lot size
0.20 Acres
Property subtype
Multifamily
Zoning
DH-3
Net Operating Income
$66,740
Building Details
Year Built
1956
Listing Agency:
Keller Williams Realty Profess
Listed By:
Jonathan Linder · License #3553803
Source:
Crexi
Added: Mar 6
Changed: Aug 8
Last Checked: Jul 23 at 1:29PM
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 Keller Williams Realty Profess
Investment Insights
Based on property information with market context.
This renovated multi-use property is located in Central Hollywood. The corner lot property features 4 bedrooms and 5 bathrooms within 2,511 square feet of upgraded living space, situated on an 8,673 sq ft lot. The property has undergone over $350,000 in upgrades, including 2023 A/C units, a 2023 water heater, and a new 2024 roof. Each unit has its own exterior entrance, and there are two laundry rooms on site. The property features 33x33 porcelain tile flooring, quartz countertops, recessed lighting, impact windows, and impact doors. It is located minutes from FLL Airport, I-95, Hollywood Beach, Downtown Hollywood, and Gulfstream Park. The property is suitable for house hackers, investors, multigenerational living, and potential short-term renting.
Key Highlights
- Fully renovated with over $350,000 in upgrades, including a new 2024 roof, 2023 A/C units, and a 2023 water heater.
- Multi‑use property with separate entrances and two laundry rooms, suitable for various living arrangements.
- Prime corner‑lot location** in Central Hollywood, minutes from key destinations.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$47,373
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.48%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$947,460
$947.5K
Cap Rate 7%
$676,757
$676.8K
Cap Rate 9%
$526,367
$526.4K
Market Conditions
NOI Build-Up for 2,644 SF
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.
Gross rent
$71.4K $27.00/SF
− Vacancy
−$3.7K −$1.40/SF
EGI
$67.7K $25.60/SF
− OpEx
−$20.3K −$7.68/SF
NOI
$47.4K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$947,460
Cap Rate 7%
$676,757
Cap Rate 9%
$526,367
Alternative Uses
Best Use
Multifamily LT 5
$676.8K
$592.2K – $789.6K
NOI $47,373 @ 7.0% cap · market cap 5.48%
Second Best
Apartment 5plus
$629.6K
$550.9K – $734.5K
NOI $44,070 @ 7.0% cap · market cap 5.09%
Theoretical Best
Office A
$1.03M
$905.0K – $1.21M
NOI $72,403 @ 7.0% cap · market cap 8.37%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,406
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Fully renovated multi-use property in the heart of Central Hollywood.
Where is this quadplex located?
The property is located at 2001 N 22nd Avenue Hollywood, FL.
What is the asking price?
The asking price for this property is $865,000.
What are key features of this property?
This property features: Fully renovated with **over $350,000 in upgrades**, including a new 2024 roof, 2023 A/C units, and a 2023 water heater.; Multi‑use property with separate entrances and two laundry rooms, suitable for various living arrangements.; Prime corner‑lot location** in Central Hollywood, minutes from key destinations.
