Brand-New Fully Leased
2320 Garfield St Hollywood, FL 33020
2320 Garfield St, Hollywood, FL, 33020
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For Sale
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Brand-new, fully leased fourplex with six marked parking spaces and four rental units.
Property Size2,700 SF
Price / SF$518.15
Days on Market88
Property Features for 2320 Garfield St
General Information
- Standard status
- Active
- Size
- 2,700 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 2024
Listing agency
Sustainable RE, LLC.
(305) 968-9442
Listed by
Pedro Barbosa · License #3415618
Source
Crexi
Added: Apr 25 Updated: Jul 20 at 8:38PM Checked: Jul 21 at 8:59AM
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.
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
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 | $72.9k | $27.00 |
| − Vacancy | −$3.8k | −$1.40 |
| EGI | $69.1k | $25.60 |
| − OpEx | −$20.7k | −$7.68 |
| NOI | $48.4k | $17.92 |
2,700 SF · lease $27.00/SF/yr · vacancy 5.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$691.1K
$604.7K – $806.3K
NOI $48,376 @ 7.0% cap · market cap 3.46%
Second Best
Apartment 5plus
$642.9K
$562.6K – $750.1K
NOI $45,004 @ 7.0% cap · market cap 3.22%
Theoretical Best
Office A
$1.06M
$924.2K – $1.23M
NOI $73,937 @ 7.0% cap · market cap 5.28%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
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 St Hollywood, FL.
What is the asking price?
The asking price for this property is $1,399,000.
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
