Fully Renovated Duplex For
For Sale
Contact for pricing
5721 Fillmore Street, Hollywood, FL 33021
Two fully renovated homes on one lot generating stated monthly rental income, suitable for investors or owner-occupants.
Property Size1,850 SF
Price / SF$405.41
Days on Market118
Property Features for 5721 Fillmore Street
General Information
Standard status
Active
Size
1,850 SF
Property subtype
Multifamily
Zoning
RM-9
Net Operating Income
$29,400
Additional Details
Multifamily Units
2
Building Details
Year Built
1957
Units
4
Tenancy
Multi
Listing Agency:
Sunny Beautiful Homes Inc.
(954) 583-0843
Listed By:
Sunil Ramchandani · License #3266161
Source:
Crexi
Added: Apr 20
Changed: Aug 8
Last Checked: Aug 14 at 6:50AM
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 Sunny Beautiful Homes Inc.
Investment Insights
Based on property information with market context.
This one-of-a-kind duplex includes two separate residences on a single lot. Both homes have been fully renovated and are described as meticulously maintained, giving buyers a turnkey setup with two income-producing units. The property is currently generating over $6,200 per month in rental income, and the existing tenants have been in place for a long time.
The property is located at 5721 Fillmore Street in Hollywood, Florida. With two homes on one parcel, it offers straightforward ownership of multiple dwellings without requiring separate lots or separate property controls. As described, the units are not rented to the full market value.
For investors, this configuration provides two units within one ownership structure, supporting a multi-rental strategy from a single address. For owner-occupants, the duplex format allows the option to live in one residence while collecting rental income from the other. With renovations already completed and long-term tenancy in place, the property may fit buyers seeking established rental operations combined with a move-in-ready level of finish.
The property is located at 5721 Fillmore Street in Hollywood, Florida. With two homes on one parcel, it offers straightforward ownership of multiple dwellings without requiring separate lots or separate property controls. As described, the units are not rented to the full market value.
For investors, this configuration provides two units within one ownership structure, supporting a multi-rental strategy from a single address. For owner-occupants, the duplex format allows the option to live in one residence while collecting rental income from the other. With renovations already completed and long-term tenancy in place, the property may fit buyers seeking established rental operations combined with a move-in-ready level of finish.
Key Highlights
- Two homes on one lot (Year built: 1957)
- Both residences are fully renovated and meticulously maintained
- Stated monthly rental income of over $6,200 per month
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
$33,147
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
4.42%
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%
$662,940
$662.9K
Cap Rate 7%
$473,529
$473.5K
Cap Rate 9%
$368,300
$368.3K
Market Conditions
NOI Build-Up for 1,850 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
$50.0K $27.00/SF
− Vacancy
−$2.6K −$1.40/SF
EGI
$47.4K $25.60/SF
− OpEx
−$14.2K −$7.68/SF
NOI
$33.1K $17.92/SF
Area
Hollywood, FL
Vacancy
5.20%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
30.00%
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%
$662,940
Cap Rate 7%
$473,529
Cap Rate 9%
$368,300
Alternative Uses
Best Use
Multifamily LT 5
$473.5K
$414.3K – $552.5K
NOI $33,147 @ 7.0% cap · market cap 4.42%
Second Best
Apartment 5plus
$440.5K
$385.5K – $513.9K
NOI $30,836 @ 7.0% cap · market cap 4.11%
Theoretical Best
Office A
$723.7K
$633.3K – $844.3K
NOI $50,660 @ 7.0% cap · market cap 6.75%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,429
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?
Duplex - Two fully renovated homes on one lot generating stated monthly rental income, suitable for investors or owner-occupants.
Where is this duplex located?
The property is located at 5721 Fillmore Street Hollywood, FL.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Two homes on one lot (Year built: 1957); Both residences are fully renovated and meticulously maintained; Stated monthly rental income of over $6,200 per month
