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2332 Fillmore St, Hollywood, FL 33020

$2,500,000
: 8,283
SqFt

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List Price: $2,500,000
MLS: A12109794
Complex Name: Hollywood Little Ranches
Status: ACTIVE
Type: Multifamily
Living Area: 8,283

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Property Description

Fausto Commercial is pleased to present 2332–2334 Fillmore St, a fully leased 13-unit multifamily investment in central Hollywood — ten 1BR/1BA units, two studios, and a 3-bedroom house — across 8,283 SF on a combined 30,090 SF lot. With a newer roof, mini-split A/C, and a recently completed 40-year recertification, the asset delivers a 7.02% in-place cap rate on $175,590 NOI ($256,200 gross income, 13/13 leased). Bringing rents to market ($1,900 1BR / $1,300 studio / $3,200 house) lifts gross income to $297,600 and NOI to $209,032 — an 8.36% cap at list. The two lots are zoned DH-2 with redevelopment potential for approximately 60 units, subject to applicable approvals. Located near Downtown Hollywood and Young Circle, with quick access to I-95, US-1, Hollywood Beach, and Fort Lauderdale-Hollywood International Airport. Buyer's choice: hold for cash flow and rent growth, or pursue entitlements and redevelop at scale in one of Broward's most active submarkets.

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Additional Information

Days on Market: 3
Style: Quadruplex, Fourplex
#Parking Spaces: 13
Year Built: 1973
Development Name: Hollywood Little Ranches
#Stories: 1
Construction Type: CBS Construction
Section: 16