8-Unit Apartment
2028 Fillmore St, Hollywood, FL 33020
For Sale
$1,650,000
Three residential buildings feature renovated kitchens, updated HVAC systems, and on-site laundry.
Property Size6,402 SF
Lot Size0.25 Acres
Price / SF$257.73
Days on Market50
Property Features for 2028 Fillmore St
General Information
Standard status
Size
Lot size
Property subtype
Zoning
Occupancy
Net Operating Income
Site & Location
Neighborhood
Highway Access
Units
Unit Mix
Multifamily Units
Additional Details
Cap Rate
Taxes and HOA fees
Annual Taxes
Amenities
on-site laundry
private terrace
Building Details
Building Size
Year Built
Buildings
Stories
Listing Agency:
RE/MAX 5 Star Realty
Listed By:
John DeMarco · License FL A12052614
(954) 453-1000
Source:
Elliman
Added: Sep 26
Changed: Nov 13
Last Checked: Nov 12 at 9:28AM
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 RE/MAX 5 Star Realty
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The property comprises three buildings totaling approximately 6,402 square feet on a 10,904-square-foot lot. Its eight apartments include four one-bedroom/one-bath units, two two-bedroom/one-bath units, one two-bedroom/two-bath unit, and a studio. Seven units are leased, representing 87.5% occupancy. Improvements include replacement roofs on all three buildings, updated HVAC systems, bathrooms refreshed throughout, and five renovated kitchens. Additional features include laundry facilities, a private terrace, a detached rear cottage, and dedicated parking for the front house.
DH-3 zoning applies. The property is north of Downtown Hollywood, near Hollywood Boulevard, Young Circle, Dixie Highway, and US-1. The stated cap rate is 5.18%; ownership projects an 8.04% cap rate at full occupancy and projected rents.
DH-3 zoning applies. The property is north of Downtown Hollywood, near Hollywood Boulevard, Young Circle, Dixie Highway, and US-1. The stated cap rate is 5.18%; ownership projects an 8.04% cap rate at full occupancy and projected rents.
Key Highlights
- Eight apartments across three buildings; approximately 6,402 SF on a 10,904 SF lot
- Unit mix: four 1/1s, two 2/1s, one 2/2, and one studio
- 87.5% occupied, with 7 of 8 units leased
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$106,708
Cap Rate
6.47%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,134,160
$2.1M
Cap Rate 7%
$1,524,400
$1.5M
Cap Rate 9%
$1,185,644
$1.2M
Market Conditions
NOI Build-Up for 6,402 SF
Gross rent
$203.6K $31.80/SF
− Vacancy
−$9.6K −$1.49/SF
EGI
$194.0K $30.31/SF
− OpEx
−$87.3K −$13.64/SF
NOI
$106.7K $16.67/SF
Area
Hollywood, FL
Vacancy
4.70%
Lease Rate
$31.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,134,160
Cap Rate 7%
$1,524,400
Cap Rate 9%
$1,185,644
Alternative Uses
Best Use
Apartment 5plus
$1.52M
$1.33M – $1.78M
NOI $106,708 @ 7.0% cap · market cap 6.47%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.50M
$2.19M – $2.92M
NOI $175,312 @ 7.0% cap · market cap 10.62%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
8
Residential units
87.5%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
4,158
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
$306,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Apartment buildings in Hollywood, FL
Properties on Market for Apartment buildings in Hollywood
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - Three residential buildings feature renovated kitchens, updated HVAC systems, and on-site laundry.
Where is this apartment building located?
The property is located at 2028 Fillmore St Hollywood, FL.
What is the asking price?
The asking price for this property is $1,650,000.
What are key features of this property?
This property features: Eight apartments across three buildings; approximately 6,402 SF on a 10,904 SF lot; Unit mix: four 1/1s, two 2/1s, one 2/2, and one studio; 87.5% occupied, with 7 of 8 units leased
