10-Unit Apartment
For Sale
$2,255,000
2206 Fillmore Street #110, Hollywood, FL 33020
Fully occupied multifamily property with two buildings, updated roofs and wall-mounted AC units in a walkable Hollywood setting.
Property Size7,445 SF
Lot Size0.46 Acres
Price / SF$302.89
Days on Market165
Property Features for 2206 Fillmore Street #110
General Information
Standard status
Active
Size
7,445 SF
Total Parking Spaces
20
Lot size
0.46 Acres
Property subtype
Residential Income
Zoning
DH-2
Occupancy
100%
Net Operating Income
$158,414
Units
Unit Mix
7 x 1BR/1BA, 2 x 2BR/1BA, 1 x 3BR/2BA
Multifamily Units
10
Additional Details
Cap Rate
7.03%
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$38,956
Building Details
Year Built
1959
Buildings
2
Stories
1
Listing Agency:
United Realty Group Inc
Listed By:
Mariya Stoyanova · License #3343472
(646) 678-6477
Source:
Laerrealty
Added: May 8
Changed: Oct 16
Last Checked: Oct 19 at 4:02AM
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 United Realty Group Inc
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Investment Insights
Based on property information with market context.
This 10-unit apartment property comprises two buildings totaling 7,445 square feet on a 20,060-square-foot lot. The unit mix includes seven 1BR/1BA apartments, two 2BR/1BA apartments, and one 3BR/2BA apartment. Both buildings have new roofs and new wall AC units, while 20 stacked parking spaces serve the property. Built in 1959, the asset is fully occupied and carries DH-2 zoning.
The property is located at 2206 Fillmore St in Hollywood, Florida, near Downtown Hollywood’s Arts Park and restaurant corridor. Hollywood Beachfront Broadwalk is approximately 7 minutes away, Fort Lauderdale–Hollywood International Airport is 15 minutes away, and I-95 provides access to Miami in 25 minutes and Boca Raton in 30 minutes.
DH-2 zoning permits development up to 4 stories and 45 feet in height. The reported 7.03% cap rate and existing occupancy provide additional operating context for the multifamily asset.
The property is located at 2206 Fillmore St in Hollywood, Florida, near Downtown Hollywood’s Arts Park and restaurant corridor. Hollywood Beachfront Broadwalk is approximately 7 minutes away, Fort Lauderdale–Hollywood International Airport is 15 minutes away, and I-95 provides access to Miami in 25 minutes and Boca Raton in 30 minutes.
DH-2 zoning permits development up to 4 stories and 45 feet in height. The reported 7.03% cap rate and existing occupancy provide additional operating context for the multifamily asset.
Key Highlights
- 10‑unit property with seven 1BR/1BA, two 2BR/1BA, and one 3BR/2BA apartments
- Two buildings totaling 7,445 square feet on a 20,060‑square‑foot lot
- Fully occupied with a reported 7.03% cap rate
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$124,093
Cap Rate
5.50%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,481,860
$2.5M
Cap Rate 7%
$1,772,757
$1.8M
Cap Rate 9%
$1,378,811
$1.4M
Market Conditions
NOI Build-Up for 7,445 SF
Gross rent
$236.8K $31.80/SF
− Vacancy
−$11.1K −$1.49/SF
EGI
$225.6K $30.31/SF
− OpEx
−$101.5K −$13.64/SF
NOI
$124.1K $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%
$2,481,860
Cap Rate 7%
$1,772,757
Cap Rate 9%
$1,378,811
Alternative Uses
Best Use
Apartment 5plus
$1.77M
$1.55M – $2.07M
NOI $124,093 @ 7.0% cap · market cap 5.50%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.91M
$2.55M – $3.40M
NOI $203,874 @ 7.0% cap · market cap 9.04%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
10
Residential units
100%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
4,651
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?
Apartment building - Fully occupied multifamily property with two buildings, updated roofs and wall-mounted AC units in a walkable Hollywood setting.
Where is this apartment building located?
The property is located at 2206 Fillmore Street #110 Hollywood, FL.
What is the asking price?
The asking price for this property is $2,255,000.
What are key features of this property?
This property features: 10‑unit property with seven 1BR/1BA, two 2BR/1BA, and one 3BR/2BA apartments; Two buildings totaling 7,445 square feet on a 20,060‑square‑foot lot; Fully occupied with a reported 7.03% cap rate
