Residential Income Triplex
5718 McKinley Street Hollywood, FL 33021
5718 McKinley Street, Hollywood, FL, 33021
$490,000
Pending
For Sale
$490,000
Pending
Two separate structures on a half-acre lot, requiring complete remodel; front house has fire damage, cash offers only.
Property Size2,610 SF
Lot Size0.50 Acres
Days on Market10
Property Features for 5718 McKinley Street
General Information
- Standard status
- Pending
- Size
- 2,610 SF
- Lot size
- 0.50 Acres
- Property subtype
- Multi-Family Income / Triplex
Building Details
- Year Built
- 1953
Listing agency
Beachfront Realty Inc
(305) 405-0615
Listed by
Christopher Lekas · License #3217748
(305) 405-0615
Source
Compass
Added: Jul 13 Updated: Jul 21 at 8:54PM Checked: Jul 22 at 6:23AM
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 Beachfront Realty Inc
Investment Insights
Based on property information with market context.
This residential income property consists of two separate structures on a half-acre lot. The property is in need of a complete remodel and the front house has fire damage.
The seller is indicating cash offers only.
Given the significant condition requirements, buyers should plan for a full redevelopment approach to restore the structures for residential income use.
The seller is indicating cash offers only.
Given the significant condition requirements, buyers should plan for a full redevelopment approach to restore the structures for residential income use.
Key Highlights
- Two separate structures on a 0.5‑acre lot
- Property requires complete remodel
- Front house has fire damage
Local Financial Insights For Apartment 5plus
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 | $83.0k | $31.80 |
| − Vacancy | −$3.9k | −$1.49 |
| EGI | $79.1k | $30.31 |
| − OpEx | −$35.6k | −$13.64 |
| NOI | $43.5k | $16.67 |
2,610 SF · lease $31.80/SF/yr · vacancy 4.70% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$668.1K
$584.6K – $779.4K
NOI $46,764 @ 7.0% cap · market cap 9.54%
Second Best
Apartment 5plus
$621.5K
$543.8K – $725.1K
NOI $43,503 @ 7.0% cap · market cap 8.88%
Theoretical Best
Office A
$1.02M
$893.4K – $1.19M
NOI $71,472 @ 7.0% cap · market cap 14.59%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Two separate structures on a half-acre lot, requiring complete remodel; front house has fire damage, cash offers only.
Where is this triplex located?
The property is located at 5718 McKinley Street Hollywood, FL.
What is the asking price?
The asking price for this property is $490,000.
What are key features of this property?
This property features: Two separate structures on a 0.5‑acre lot; Property requires complete remodel; Front house has fire damage
