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. Buyers choice: hold for cash flow and rent growth, or pursue entitlements and redevelop at scale in one of Browards most active submarkets.

Property Features