38-Unit Apartment
2843 FILLMORE ST, Hollywood, FL 33020
For Sale
Contact for pricing
Two renovated, two-story buildings offer a varied apartment mix and on-site laundry in Hollywood.
Property Size25,818 SF
Lot Size0.94 Acres
Price / SF$287.01
Days on Market18
Property Features for 2843 FILLMORE ST
General Information
Standard status
Size
Lot size
Property subtype
Zoning
Site & Location
Neighborhood
Highway Access
Units
Unit Mix
Multifamily Units
Additional Details
Asking Price
Amenities
on-site laundry facilities
Building Details
Buildings
Stories
Construction
Listing Agency:
Marcus & Millichap - Fort Lauderdale
Listed By:
Joseph Thomas · License FL SL3174354
(954) 245-3492
Source:
Crexi
Added: Oct 28
Changed: Nov 13
Last Checked: Nov 12 at 8:11AM
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 Marcus & Millichap - Fort Lauderdale
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Investment Insights
Based on property information with market context.
This Hollywood portfolio includes 38 apartments across two two-story buildings constructed between 1965 and 1972. The combined 0.94-acre site contains approximately 25,818 square feet of building area and is zoned RM-18. The mix comprises 2 efficiency units averaging 300 square feet, 20 one-bedroom, one-bath units averaging 600 square feet, 8 two-bedroom, one-bath units averaging 800 square feet, and 8 two-bedroom, two-bath units averaging 850 square feet. Concrete block construction, painted stucco exteriors, central air conditioning, paved asphalt parking and on-site laundry serve the buildings. Improvements include a 2021 roof replacement at 2843 Fillmore Street, new railings and fencing, interior updates, and new breaker panels.
The properties are near Hollywood Boulevard, Dixie Highway and Interstate 95. Nearby destinations include Sunshine Elementary School/Paragon Academy, 0.2 miles away; Hollywood Branch Library, 0.7 miles away; and ArtsPark at Young Circle, 1.8 miles away. Fort Lauderdale-Hollywood International Airport is 8.8 miles away.
The properties are near Hollywood Boulevard, Dixie Highway and Interstate 95. Nearby destinations include Sunshine Elementary School/Paragon Academy, 0.2 miles away; Hollywood Branch Library, 0.7 miles away; and ArtsPark at Young Circle, 1.8 miles away. Fort Lauderdale-Hollywood International Airport is 8.8 miles away.
Key Highlights
- 38 apartments in two buildings on a combined 0.94‑acre site
- Approximately 25,818 square feet of building area; zoned RM‑18
- Unit mix: 2 efficiencies, 20 one‑bedroom/one‑bath, 8 two‑bedroom/one‑bath, and 8 two‑bedroom/two‑bath apartments
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$430,334
Cap Rate
5.81%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$8,606,680
$8.6M
Cap Rate 7%
$6,147,629
$6.1M
Cap Rate 9%
$4,781,489
$4.8M
Market Conditions
NOI Build-Up for 25,818 SF
Gross rent
$821.0K $31.80/SF
− Vacancy
−$38.6K −$1.49/SF
EGI
$782.4K $30.31/SF
− OpEx
−$352.1K −$13.64/SF
NOI
$430.3K $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%
$8,606,680
Cap Rate 7%
$6,147,629
Cap Rate 9%
$4,781,489
Alternative Uses
Best Use
Apartment 5plus
$6.15M
$5.38M – $7.17M
NOI $430,334 @ 7.0% cap · market cap 5.81%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$10.10M
$8.84M – $11.78M
NOI $707,000 @ 7.0% cap · market cap 9.54%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
38
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,075
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
$306,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Apartment buildings in Hollywood, FL
Properties on Market for Apartment buildings in Hollywood
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - Two renovated, two-story buildings offer a varied apartment mix and on-site laundry in Hollywood.
Where is this apartment building located?
The property is located at 2843 FILLMORE ST Hollywood, FL.
What is the asking price?
The asking price for this property is $7,410,000.
What are key features of this property?
This property features: 38 apartments in two buildings on a combined 0.94‑acre site; Approximately 25,818 square feet of building area; zoned RM‑18; Unit mix: 2 efficiencies, 20 one‑bedroom/one‑bath, 8 two‑bedroom/one‑bath, and 8 two‑bedroom/two‑bath apartments
