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Exterior view featuring a low-profile structure, brick facade detailing, an attached garage, and mature landscaping on a spacious lawn

Exterior featuring a concrete driveway, attached single-car garage, manicured lawn, and mature canopy trees

Single-story residence featuring a concrete walkway, attached one-car garage, mature landscaping, and a front lawn

Single-story structures featuring light-toned masonry facades with brick lower-level accents, expansive asphalt parking areas, and mature landscaping

Single-story structures featuring brick veneer bases, horizontal siding, expansive paved parking area, and mature trees on a landscaped lot

Exterior featuring a combination of brick and smooth stucco siding, multi-pane windows, paved surface parking, and manicured landscaping

Single-story exterior featuring a brick masonry lower facade, horizontal siding, asphalt shingle roof, and multiple entry points with metal frame windows

Single-story exterior featuring multi-tone brick and painted siding, exterior wall-mounted lighting, and concrete walkways

Single-story exterior featuring a brick and stucco facade, concrete walkway, and mature palm tree on a grassy lawn

Single-story exterior featuring a brick masonry base, low-pitch roof, asphalt paving, and established landscaping

Aerial perspective of the lot featuring multiple structures, dedicated surface parking, manicured lawn areas, and mature trees

Interior space featuring large-format white stone-finish tile flooring with veining patterns, recessed ceiling lighting, and a built-in multi-door closet unit

Neutral-toned tile flooring, dual-pane windows, and a ceiling fan with integrated light fixture

Kitchen featuring white high-gloss cabinetry, stone-finish countertops, stainless steel appliances, and tile flooring with marble-style veining

Kitchen featuring wood-finish cabinetry, solid-surface countertops, a stainless steel refrigerator, and ceramic tile flooring

Kitchen featuring wood cabinetry, stone-finish countertops, stainless steel appliances, ceramic tile flooring, and a flush-mount ceiling light fixture

Neutral ceramic tile flooring, ceiling fan with integrated multi-light fixture, and horizontal window blinds

Interior space featuring tile flooring and a walk-in storage area with a built-in wire shelf

Walk-in shower enclosure featuring horizontal wood-finish tile wall cladding, a built-in window, and a wall-mounted shower head

Aerial perspective of property featuring asphalt parking area, low-rise residential structures with pitched roofs, and manicured green space with mature landscaping

Multi-building property featuring a paved parking area, shingle roofing, and established perimeter landscaping

Multi-building property featuring a paved parking lot with marked stalls, shingled roofing, mature palm trees, and landscaped lawn areas

Aerial perspective of multi-building property featuring asphalt-paved parking, designated parking stalls, shingled roofing, and established perimeter landscaping

Aerial perspective featuring proximity to N 24th Ave and Fillmore St, surrounded by established residential infrastructure and mature canopy trees

L-shaped low-rise structure featuring a pitched shingle roof, asphalt-paved parking area with marked stalls, and established greenery

Aerial perspective showcasing a parcel located in an established residential grid with proximity to regional coastal landmarks and commercial corridors

Aerial perspective of a multi-unit residential property situated near the N 24th Ave and Fillmore St intersection, featuring mature landscaping and proximity to regional coastal hubs

Aerial perspective of a multi-unit residential property featuring a low-rise architectural profile, dedicated surface parking, and mature canopy trees situated within a dense urban landscape

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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.

Details

Features

Taxes

MLS Number: A12109794

Listing Provided By: Elior Levi – (954) 743-7594 – elevi@faustocommercial.com

Fausto Commercial Realty Consultants Inc – (954) 743-7594 – cfm@faustocommercial.com