Turnkey Updated
For Sale
$645,000
Pending
2204 Mckinley Street, Hollywood, FL 33020
Three fully updated units, with two tenant-occupied and one vacant and move-in ready.
Property Size3,062 SF
Days on Market168
Property Features for 2204 Mckinley Street
General Information
Standard status
Pending
Size
3,062 SF
Total Parking Spaces
4
Property subtype
Residential Income
Zoning
DH-1
Taxes and HOA fees
Annual Taxes
$9,270
Building Details
Building Size
3,062 SF
Year Built
1946
Stories
1
Listing Agency:
The Keyes Company
Listed By:
Karim Samy · License #3581556
(407) 405-2969
Source:
Laerrealty
Added: May 8
Changed: Oct 4
Last Checked: Oct 20 at 5:53PM
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
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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
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$54,862
Cap Rate
8.51%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,097,240
$1.1M
Cap Rate 7%
$783,743
$783.7K
Cap Rate 9%
$609,578
$609.6K
Market Conditions
NOI Build-Up for 3,062 SF
Gross rent
$82.7K $27.00/SF
− Vacancy
−$4.3K −$1.40/SF
EGI
$78.4K $25.60/SF
− OpEx
−$23.5K −$7.68/SF
NOI
$54.9K $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%
$1,097,240
Cap Rate 7%
$783,743
Cap Rate 9%
$609,578
Alternative Uses
Best Use
Multifamily LT 5
$783.7K
$685.8K – $914.4K
NOI $54,862 @ 7.0% cap · market cap 8.51%
Second Best
Apartment 5plus
$729.1K
$638.0K – $850.6K
NOI $51,037 @ 7.0% cap · market cap 7.91%
Theoretical Best
Office A
$1.20M
$1.05M – $1.40M
NOI $83,850 @ 7.0% cap · market cap 13.00%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Location Intelligence
Trade Area within ½ mile
1,439
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
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 Street Hollywood, FL.
What is the asking price?
The asking price for this property is $645,000.
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
