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326 Fillmore Street, Hollywood, FL

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326 Fillmore Street

Hollywood, FL 33019 - Hollywood Submarket


Property Type:Hospitality Number of Rooms:6 Status:Existing Year Built:1955
Stories:2 Building Size:3,060 SF Land Area:.07 AC (3,189 SF)
For Sale Price:$1,439,000 Price/Room:$239,833 Cap Rate:6.60 %

Parking:1.63 Parking Spaces / 1,000 SF


GREAT INVESTMENT OPPORTUNITY IN THE HEART OF HOLLYWOOD BEACH! ZONED FOR 5 STORIES. YOU CAN BUILD ANOTHER THREE STORIES MORE OR LEAVE IT AS IT IS. IT HAS BRAND NEW BATHROOMS, NEW ROOF, TILE THROUGHOUT, 6 UNITS COMPLETELY REMODELED AND IN PERFECT CONDITION. LAUNDRY ROOM ON THE PREMISES. JUST STEPS FROM THE BEACH, SHOPS, RESTAURANTS AND THE INTERCOASTAL WATERWAY. ACROSS MULTIMILLION DEVELOPMENT "HOLLYWOOD GRANDE PROJECT". CLOSE TO MANY MORE MULTIMILLION DEVELOPMENTS. CLOSE TO DIPLOMAT HOTEL, GULFSTREAM PARK, INTERNATIONAL AIRPORT, AND HOLLYWOOD DOWNTOWN.

EASY ACCESS FROM AND TO MAJOR ROADS.

Sale Notes:
Property is located on prestigious Hollywood Beach Florida. Rare opportunity to invest in one of the fastest appreciating affluent areas of South Florida.
The subject property consists of 6 leasable units, 4 studios, and 2 one bedroom units. Based on the geographical location, these units are very easy to lease and maintain high occupancy rates and income. It is currently being operated as short term rentals to maximize income and profits. All units are is great condition and
This property is currently grossing $120,000 per year netting $95,500 per year. This Actual NOI provides an investor with a strong 6.6% capitalization rate.
Located just 4 blocks aways from award winning Margaritaville Hotel and resort. A++ location. Excellent opprutunity to invest in one of the fastest growing areas in South Florida.
Please remember to not disturb the existing tenants, all showings are by appointment only. Call listing agent for all showings and additional information.

Re/Max 5 Star Realty
John DeMarco




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