13-Unit Multifamily
New
For Sale
$2,500,000
2332 Fillmore Street, Hollywood, FL 33020
The fully leased property combines apartment units with a three-bedroom house and includes a recently completed 40-year recertification.
Property Size8,283 SF
Lot Size0.69 Acres
Price / SF$301.82
Days on Market5
Property Features for 2332 Fillmore Street
General Information
Standard status
Active
Size
8,283 SF
Lot size
0.69 Acres
Property subtype
Quadruplex
Zoning
DH-2
Occupancy
100%
Net Operating Income
$175,590
Financials
Cap Rate
7.02%
Gross Income
$256,200
Site & Location
Neighborhood
North Central
Highway Access
Yes
Units
Unit Mix
10 x 1BR/1BA, 2 x studio, 1 x 3BR
Multifamily Units
13
Additional Details
Tenant in Place
Yes
Building Details
Year Built
1973
Tenancy
Multi
Listing Agency:
Fausto Commercial Realty Consultants Inc
(786) 748-7373
Listed By:
Elior Levi · License #3574869
(954) 743-7594
Source:
Lehmannflorida
Added: Nov 2
Changed: Nov 4
Last Checked: Nov 4 at 2:38PM
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 Fausto Commercial Realty Consultants Inc
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Investment Insights
Based on property information with market context.
Built in 1973, this 8,283-square-foot multifamily property contains 13 units: ten one-bedroom apartments, two studios, and a three-bedroom house. The buildings sit on two lots totaling 30,090 square feet. Property features include a newer roof, mini-split air conditioning, and a recently completed 40-year recertification. All 13 units are leased, with an in-place cap rate of 7.02%.
The lots carry DH-2 zoning, with redevelopment for approximately 60 units identified as a possibility subject to applicable approvals. The property is in central Hollywood, near Downtown Hollywood and Young Circle, with access to I-95, US-1, Hollywood Beach, and Fort Lauderdale-Hollywood International Airport.
The lots carry DH-2 zoning, with redevelopment for approximately 60 units identified as a possibility subject to applicable approvals. The property is in central Hollywood, near Downtown Hollywood and Young Circle, with access to I-95, US-1, Hollywood Beach, and Fort Lauderdale-Hollywood International Airport.
Key Highlights
- 13 units: 10 one‑bedroom apartments, 2 studios, and a 3‑bedroom house
- 8,283 SF of building area on two lots totaling 30,090 SF
- All 13 units leased; in‑place cap rate of 7.02%
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$138,061
Cap Rate
5.52%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,761,220
$2.8M
Cap Rate 7%
$1,972,300
$2.0M
Cap Rate 9%
$1,534,011
$1.5M
Market Conditions
NOI Build-Up for 8,283 SF
Gross rent
$263.4K $31.80/SF
− Vacancy
−$12.4K −$1.49/SF
EGI
$251.0K $30.31/SF
− OpEx
−$113.0K −$13.64/SF
NOI
$138.1K $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%
$2,761,220
Cap Rate 7%
$1,972,300
Cap Rate 9%
$1,534,011
Alternative Uses
Best Use
Apartment 5plus
$1.97M
$1.73M – $2.30M
NOI $138,061 @ 7.0% cap · market cap 5.52%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.24M
$2.84M – $3.78M
NOI $226,822 @ 7.0% cap · market cap 9.07%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
13
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
4,342
Businesses Nearby
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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 - The fully leased property combines apartment units with a three-bedroom house and includes a recently completed 40-year recertification.
Where is this apartment building located?
The property is located at 2332 Fillmore Street Hollywood, FL.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: 13 units: 10 one‑bedroom apartments, 2 studios, and a 3‑bedroom house; 8,283 SF of building area on two lots totaling 30,090 SF; All 13 units leased; in‑place cap rate of 7.02%
