Brand-New Fully Leased
For Sale
$1,299,000
2320 Garfield Street, Hollywood, FL 33020
Brand-new, fully leased fourplex with six marked parking spaces and four rental units.
Property Size2,700 SF
Price / SF$481.11
Days on Market168
Property Features for 2320 Garfield Street
General Information
Standard status
Active
Size
2,700 SF
Total Parking Spaces
6
Property subtype
Residential Income
Zoning
DH-1
Occupancy
100%
Additional Details
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$19,237
Building Details
Building Size
2,700 SF
Year Built
2024
Stories
2
Listing Agency:
Sustainable RE, LLC.
Listed By:
Pedro Barbosa · License #3415618
(305) 450-3652
Source:
Laerrealty
Added: May 8
Changed: Oct 13
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 Sustainable RE, LLC.
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.
This brand-new fourplex is approximately one year old and is offered fully leased. The property consists of four rental units, with each unit earning between $2,160 and $2,260. With a total of six parking spaces on site, the spaces are marked to allow assignment as the owner sees fit.
The property is located at 2320 Garfield St in Hollywood, Florida. It is presented for sale as a low-maintenance, income-producing residential income asset with dedicated parking for tenants.
For investors and owner-users looking for a turn-key, occupied four-unit configuration, this building provides a straightforward fourplex layout with parking capacity clearly defined across six spaces.
The property is located at 2320 Garfield St in Hollywood, Florida. It is presented for sale as a low-maintenance, income-producing residential income asset with dedicated parking for tenants.
For investors and owner-users looking for a turn-key, occupied four-unit configuration, this building provides a straightforward fourplex layout with parking capacity clearly defined across six spaces.
Key Highlights
- Year built 2024: brand‑new fourplex
- Fully leased with 4 rental units
- Rents range from $2,160 to $2,260 per unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$48,376
Cap Rate
3.72%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$967,520
$967.5K
Cap Rate 7%
$691,086
$691.1K
Cap Rate 9%
$537,511
$537.5K
Market Conditions
NOI Build-Up for 2,700 SF
Gross rent
$72.9K $27.00/SF
− Vacancy
−$3.8K −$1.40/SF
EGI
$69.1K $25.60/SF
− OpEx
−$20.7K −$7.68/SF
NOI
$48.4K $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%
$967,520
Cap Rate 7%
$691,086
Cap Rate 9%
$537,511
Alternative Uses
Best Use
Multifamily LT 5
$691.1K
$604.7K – $806.3K
NOI $48,376 @ 7.0% cap · market cap 3.72%
Second Best
Apartment 5plus
$642.9K
$562.6K – $750.1K
NOI $45,004 @ 7.0% cap · market cap 3.46%
Theoretical Best
Office A
$1.06M
$924.2K – $1.23M
NOI $73,937 @ 7.0% cap · market cap 5.69%
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
4
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,522
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
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Brand-new, fully leased fourplex with six marked parking spaces and four rental units.
Where is this quadplex located?
The property is located at 2320 Garfield Street Hollywood, FL.
What is the asking price?
The asking price for this property is $1,299,000.
What are key features of this property?
This property features: Year built 2024: brand‑new fourplex; Fully leased with 4 rental units; Rents range from $2,160 to $2,260 per unit
