For Sale
$1,200,000

6101 Garfield StHollywood, FL 33024

Six-unit building, high occupancy, strong cash flow.

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional investment opportunity presents a six-unit multifamily property located at 6101 Garfield Street in Hollywood, Florida, 33024. The property, built in 1973, offers a total of 3,902 square feet and boasts a 5.50% capitalization rate. Currently operating at 100% occupancy, this Class C building provides a consistent stream of rental income thanks to its long-term tenants. The property's strategic location near the renowned Hard Rock Hotel & Casino, Hollywood Beach Boardwalk, and major transportation arteries including I-95, US1, and the Turnpike, ensures high demand and strong potential for future appreciation. The surrounding area is experiencing significant development, including the Hollywood Downtown Revitalization project, further enhancing the property's value. The building features ample parking, and recent updates contribute to its overall appeal. This is a prime opportunity for investors seeking a stable, cash-flowing asset with significant upside potential in a rapidly growing area. The asking price is $1,200,000. The lot size is not specified.

Highlights

  • Six-unit multifamily property in Hollywood, FL, offering a 5.50% cap rate.
  • 3,902 square feet, built in 1973, currently 100% occupied.
  • Prime location near Hard Rock Hotel & Casino, Hollywood Beach, and major highways (I-95, US1, Turnpike).
  • Strong rental income with long-term tenants and significant upside potential due to area development.
  • Asking price: $1,200,000.

Property Details for 6101 Garfield St

Property type
Specialty properties
Square Feet
3,902 SF
Class
C
Year Built
1973
Units
6

Location Insight

City
Hollywood
County
Broward
State
Florida
Latitude
26.0207316
Longitude
-80.2103243
6101 Garfield St, Hollywood, Florida

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6101 Garfield St
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