2320 Garfield St

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2320 Garfield St

Hollywood, FL 33020
Asking Price
$1.40M
Asset Type
Apartment Building Multifamily
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • The property is listed for sale at $1,399,000.
  • This asset functions as a multifamily apartment building.
  • The building is positioned within the city of Hollywood.
  • The location sits between Miami and Fort Lauderdale markets.
  • The site is suited for long-term residential rental operations.

What's Special

Priced at $1,399,000, this multifamily apartment building provides a clear investment entry point in Hollywood, Florida. The asset serves the growing rental demand within this coastal Broward County market, which benefits from its central position between Miami and Fort Lauderdale. This prime location near major transit corridors and local commercial hubs continues to attract a steady demographic of residents looking for accessible housing options in a developing urban environment. Investors may evaluate this property for its potential to serve the local workforce, given the proximity to regional employment centers and the consistent population growth characterizing the area. With its status as a dedicated apartment building, the site remains well-positioned for long-term residential management. This asset represents a straightforward acquisition for those looking to expand their portfolio within the established South Florida multifamily landscape, focusing on steady operations and regional stability.

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NOI
$80,000
Cap Rate
5.72%
DSCR
0.96
Underwater
Cash-on-Cash
-0.73%
Monthly Payment
$6,921.489
Annual Cash Flow
$-3,057.864

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