6101 Garfield StHollywood, FL 33024

Property Details for 6101 Garfield St

Year built

1973

Property size (Sq ft)

3,902 SF

Property type

Specialty properties

Property subtype

Other specialty properties

Description

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.

Location Insight

City

Hollywood

County

Broward

State

Florida

Latitude

26.0207

Longitude

-80.2103

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