Turnkey Updated
2204 Mckinley St Hollywood, FL 33020
2204 Mckinley St, Hollywood, FL, 33020
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For Sale
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Three fully updated units, with two tenant-occupied and one vacant and move-in ready.
Property Size3,062 SF
Price / SF$228.28
Days on Market94
Property Features for 2204 Mckinley St
General Information
- Standard status
- Active
- Size
- 3,062 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1946
Listing agency
The Keyes Company
Listed by
Karim Samy · License #3581556
Source
Crexi
Added: Apr 21 Updated: Jul 21 at 12:56AM Checked: Jul 22 at 2:10PM
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 The Keyes Company
Investment Insights
Based on property information with market context.
This turnkey triplex at 2204 Mckinley St, Hollywood, FL 33020, offers three fully updated residential units. Two units are currently tenant-occupied, and the third unit is vacant and move-in ready, providing an owner with flexibility to occupy one unit while the others remain in place.
The property includes a large lot with outdoor space and storage, supporting everyday use beyond the interior living areas. Located minutes from the beach, dining, and major highways, the home is positioned for convenient access to surrounding amenities and transportation routes.
The property includes a large lot with outdoor space and storage, supporting everyday use beyond the interior living areas. Located minutes from the beach, dining, and major highways, the home is positioned for convenient access to surrounding amenities and transportation routes.
Key Highlights
- Turnkey triplex updated throughout; three fully updated units with modern finishes
- Two units are currently tenant‑occupied and one unit is vacant and move‑in ready
- Year built: 1946
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 | $82.7k | $27.00 |
| − Vacancy | −$4.3k | −$1.40 |
| EGI | $78.4k | $25.60 |
| − OpEx | −$23.5k | −$7.68 |
| NOI | $54.9k | $17.92 |
3,062 SF · lease $27.00/SF/yr · vacancy 5.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$783.7K
$685.8K – $914.4K
NOI $54,862 @ 7.0% cap · market cap 7.85%
Second Best
Apartment 5plus
$729.1K
$638.0K – $850.6K
NOI $51,037 @ 7.0% cap · market cap 7.30%
Theoretical Best
Office A
$1.20M
$1.05M – $1.40M
NOI $83,850 @ 7.0% cap · market cap 12.00%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
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FAQs
What type of property is this?
Triplex - Three fully updated units, with two tenant-occupied and one vacant and move-in ready.
Where is this triplex located?
The property is located at 2204 Mckinley St Hollywood, FL.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: Turnkey triplex updated throughout; three fully updated units with modern finishes; Two units are currently tenant‑occupied and one unit is vacant and move‑in ready; Year built: 1946
