Nine-Unit Apartment Building
New
For Sale
$2,799,900
5619 MCKINLEY #A-H, Hollywood, FL 33021
Income-producing residential property combines duplex and single-family configurations across two folios.
Property Size7,322 SF
Price / SF$382.40
Days on Market2
Property Features for 5619 MCKINLEY #A-H
General Information
Standard status
Active
Size
7,322 SF
Total Parking Spaces
12
Property subtype
Residential Income
Zoning
RM-9
Additional Details
Gross Income
$208,980
Highway Access
Yes
Multifamily Units
9
Taxes and HOA fees
Annual Taxes
$27,723
Building Details
Building Size
7,322 SF
Year Built
1990
Buildings
5
Stories
1
Listing Agency:
CSRF Real Estate
(954) 284-1971
Listed By:
Brian O Davis · License #3483151
(954) 284-1971
Source:
Laerrealty
Added: Aug 11
Changed: Aug 12
Last Checked: Aug 12 at 3:31AM
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 CSRF Real Estate
Investment Insights
Based on property information with market context.
This residential portfolio contains 9 units arranged as 4 duplexes and 1 single-family home across 2 folios. The property has 7,322 square feet of space, was built in 1990, and is designated RM-9. All units are currently generating rental income, providing an established operating profile across the portfolio.
The property is located at 5619 McKinley, #A-H, in Hollywood, Florida. Its South Florida setting provides access to the Florida Turnpike and I-95, with the Seminole Hard Rock Hotel & Casino and Hard Rock Stadium nearby.
The property is located at 5619 McKinley, #A-H, in Hollywood, Florida. Its South Florida setting provides access to the Florida Turnpike and I-95, with the Seminole Hard Rock Hotel & Casino and Hard Rock Stadium nearby.
Key Highlights
- 9 units across 2 folios
- Configuration includes 4 duplexes and 1 single‑family home
- 7,322 square feet of property size
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$122,043
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.36%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,440,860
$2.4M
Cap Rate 7%
$1,743,471
$1.7M
Cap Rate 9%
$1,356,033
$1.4M
Market Conditions
NOI Build-Up for 7,322 SF
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.
Gross rent
$232.8K $31.80/SF
− Vacancy
−$10.9K −$1.49/SF
EGI
$221.9K $30.31/SF
− OpEx
−$99.9K −$13.64/SF
NOI
$122.0K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,440,860
Cap Rate 7%
$1,743,471
Cap Rate 9%
$1,356,033
Alternative Uses
Best Use
Apartment 5plus
$1.74M
$1.53M – $2.03M
NOI $122,043 @ 7.0% cap · market cap 4.36%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.86M
$2.51M – $3.34M
NOI $200,506 @ 7.0% cap · market cap 7.16%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
9
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
940
Businesses Nearby
Explore this area
Business Placement
Demographics for 33021, FL
50,091
Population
21,930
Households
2.3
Avg Household Size
43
Median Age
38%
College-Educated
91%
High-School Grad
8.8 sq mi
ZIP Area
5,692
Density / Sq Mi
$69,249
Median Household Income
$41,390
Median Earnings
$1,707
Median Rent
$395,800
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Income-producing residential property combines duplex and single-family configurations across two folios.
Where is this apartment building located?
The property is located at 5619 MCKINLEY #A-H Hollywood, FL.
What is the asking price?
The asking price for this property is $2,799,900.
What are key features of this property?
This property features: 9 units across 2 folios; Configuration includes 4 duplexes and 1 single‑family home; 7,322 square feet of property size
