Fully Renovated 9-Unit
For Sale
$2,150,000
Pending
2201 Greene Street #1-9, Hollywood, FL 33020
Turnkey 9-unit rental property with remodeled interiors, new systems, and eight on-site parking spaces.
Property Size4,617 SF
Days on Market137
Property Features for 2201 Greene Street #1-9
General Information
Standard status
Pending
Size
4,617 SF
Total Parking Spaces
8
Zoning
RS-1
Site & Location
Neighborhood
Liberia
Highway Access
Yes
Additional Details
Cap Rate
7.27%
Multifamily Units
9
Taxes and HOA fees
Annual Taxes
$21,791
Building Details
Building Size
4,617 SF
Year Built
1960
Tenancy
Multi
Listing Agency:
Fausto Commercial Realty Consultants Inc
Listed By:
Elior Levi · License #3574869
(954) 743-7594
Source:
Laerrealty
Added: Jun 12
Changed: Oct 26
Last Checked: Oct 24 at 2:17PM
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 Fausto Commercial Realty Consultants Inc
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Investment Insights
Based on property information with market context.
This fully renovated 9-unit multifamily property offers a unit mix of four 2-bedroom/1-bath homes and five 1-bedroom/1-bath homes. Renovations include new plumbing, updated electrical, new A/C systems, impact windows and doors, and fully remodeled interiors designed to support comfortable, low-maintenance tenancy. The property is presented as a turnkey offering for an operator or investor seeking a prepared income asset.
Located at 2201 Greene Street in Hollywood, it is described as being in the heart of Hollywood, with access to major transportation corridors and South Florida’s amenities. Distances noted in the materials include approximately 5 minutes from Downtown Hollywood, 8 minutes from Fort Lauderdale-Hollywood International Airport, and 10 minutes from the beach, along with easy access to Interstate 95.
With eight on-site parking spaces, the property is set up for practical tenant convenience. The public remarks also indicate it is currently producing operating performance consistent with a listed 7.27% going-in cap rate, supported by the property’s recent systems upgrades and remodeled unit interiors. For buyers or operators, the combination of refreshed building components and a balanced 1-bedroom and 2-bedroom mix may align well with ongoing rental demand in the area.
Located at 2201 Greene Street in Hollywood, it is described as being in the heart of Hollywood, with access to major transportation corridors and South Florida’s amenities. Distances noted in the materials include approximately 5 minutes from Downtown Hollywood, 8 minutes from Fort Lauderdale-Hollywood International Airport, and 10 minutes from the beach, along with easy access to Interstate 95.
With eight on-site parking spaces, the property is set up for practical tenant convenience. The public remarks also indicate it is currently producing operating performance consistent with a listed 7.27% going-in cap rate, supported by the property’s recent systems upgrades and remodeled unit interiors. For buyers or operators, the combination of refreshed building components and a balanced 1-bedroom and 2-bedroom mix may align well with ongoing rental demand in the area.
Key Highlights
- Fully renovated 9‑unit multifamily property built in 1960
- Unit mix: four 2 bed / 1 bath units and five 1 bed / 1 bath units
- Extensive renovations include new plumbing, updated electrical, and fully remodeled interiors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$76,956
Cap Rate
3.58%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,539,120
$1.5M
Cap Rate 7%
$1,099,371
$1.1M
Cap Rate 9%
$855,067
$855.1K
Market Conditions
NOI Build-Up for 4,617 SF
Gross rent
$146.8K $31.80/SF
− Vacancy
−$6.9K −$1.49/SF
EGI
$139.9K $30.31/SF
− OpEx
−$63.0K −$13.64/SF
NOI
$77.0K $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%
$1,539,120
Cap Rate 7%
$1,099,371
Cap Rate 9%
$855,067
Alternative Uses
Best Use
Apartment 5plus
$1.10M
$962.0K – $1.28M
NOI $76,956 @ 7.0% cap · market cap 3.58%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.81M
$1.58M – $2.11M
NOI $126,432 @ 7.0% cap · market cap 5.88%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Lease Details
9
Residential units
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,509
Businesses Nearby
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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?
Apartment building - Turnkey 9-unit rental property with remodeled interiors, new systems, and eight on-site parking spaces.
Where is this apartment building located?
The property is located at 2201 Greene Street #1-9 Hollywood, FL.
What is the asking price?
The asking price for this property is $2,150,000.
What are key features of this property?
This property features: Fully renovated 9‑unit multifamily property built in 1960; Unit mix: four 2 bed / 1 bath units and five 1 bed / 1 bath units; Extensive renovations include new plumbing, updated electrical, and fully remodeled interiors
