Fillmore Manor
Closed2846 Fillmore Street, Hollywood, FL 33020
Property type
Multifamily
Unit / Space count
19
Price
$3,450,000
Building size
12,279 sf
Rentable area
12,279 SF
Year built
1972
Year renovated
Occupancy
Zoning code
Lot size
0.46 Acres
Sold/status
Sold · Date unknown
Sale price
$3450000
Bedroom count
CAP
6.95%
Property description
Fillmore Manor is a 19-unit two-floor multifamily community built in 1972 located in the heart of Hollywood, Florida, which is in Broward County. The subject property has recently gone through extensive renovations establishing strong cash flow day one and the ability to increase rents. Renovated units feature new luxury tile, countertops, high tech electrical appliances, and premium kitchen cabinets. The property also features exterior upgrades such as new central AC, PVC plumbing, electric panels, hot water heaters, and freshly painted. The property is located on the south side of Fillmore St and is just a block from major retailers. The surrounding area boasts multi-family buildings of similar age and construction. The asset is conveniently located east of I95, west of Dixie Hwy, and north of Hollywood Beach Blvd. Hollywood Beach Blvd leads into the renowned Hollywood beaches just to the east of the property. Within minutes of walking, you can access the shops and restaurants of Hollywood Beach. Additionally, Fillmore Manor is located in one of the fastest-growing markets in Broward County due to it being a favorite spot for local natives. The investment opportunity consists of a unit mix of (1) studio, (5) one-bed one-bathroom, (5) two-bed one-bathroom, (4) two-bed two-bathroom, and (4) three-bed two-bathroom totaling approximately 12,279 SF. The property boasts amenities such as luxurious interior finishes, laundry on-site and a large tropical courtyard. Fillmore Manor offers an investor the opportunity to purchase an unbelievably located renovated asset with ability to increase rents in the heart of one of the hottest markets in Florida. The investment opportunity offers amazing cash flow day one with the ability to own a low management-intensive asset in a location that simply cannot be beaten.
Property highlights
- 100% Occupied Renovated Multifamily Opportunity With Significant Capital Improvements
- Modern-Influenced Design Producing Strong Cash Flow
- 40 Year Completed
- Superior Unit Mix Consisting 1 Studio, 5 1Bed 1Bath, 5 2Bed 1Bath, 4 2Bed 2Bath, & 4 3Bed 2Bath
- Some Exterior Improvements New Central AC, Plumbing, & Electrical
- Interior Upgrades To 13 Units Include Luxury Tile Throughout, Countertops, Premium Kitchen Cabinets, and All New High Tech Appliances
- New Hot Water Heaters & Electric Panels
- The Property Sits In a Supreme Location In Hollywood
- Located Between Hollywood Beach Blvd & Dixie Hwy Providing Easy Access To Any Major Highway