The Palms at Young Circle
Closed2029 Fillmore St, Hollywood, FL 33020
Property type
Multifamily
Unit / Space count
10
Price
$1,750,000
Building size
6,637 sf
Rentable area
6,637 SF
Year built
1953
Year renovated
Occupancy
Zoning code
Lot size
0.38 Acres
Sold/status
Sold · Date unknown
Sale price
$1750000
Unit mix
4x
1br
2x
2br
Bedroom count
Property description
Fillmore Villas is a 10-unit single-floor multifamily community located in the heart of Hollywood, Florida, which is in Broward County. The subject property was built in 1954 using reinforced concrete block construction with a painted stucco exterior and is situated on 0.38 acres of land. The property is located on the west side of N Federal Hwy and is just a couple of blocks from major retailers. The surrounding area boasts multi-family buildings of similar age and construction. The asset is conveniently located east of I-95 and North of Hollywood Blvd that leads into the renowned Hollywood beaches just to the east of the property. Within minutes of driving, you can access the shops and restaurants of Hollywood. Additionally, Fillmore Villas 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 (4) studios, (4) one-bed & one-bathroom, and (2) two-bed & one-bathroom totaling approximately 6,636 RSF. The property boasts amenities such as ample parking, on-site laundry, and is situated in an area that continuing to grow. Fillmore Villas offers an investor the opportunity to purchase an unbelievably located asset in the heart of one of the hottest markets in Florida. The investment opportunity offers amazing upside with Pro Forma rent increases averaging approximately 35% across the unit mix and an ability to own a low management intensive asset in a location that simply cannot be beat!
Property highlights
- Sold $1,750,000 ALL Cash With No Contingencies
- Within 1 Week Of Exclusively Listing The Property It Went Under Contract
- Contract To Close In Less Than 30 Days
- Prime Hollywood Location Situated Between Sheridan Street & Young Circle