Property Description

1927 and 1929 Roosevelt Street is a 10-unit multifamily investment opportunity consisting of two 2-bedroom/2-bath units, two 2-bedroom/1-bath units, four 1-bedroom/1-bath units, and two studio units. The property offers a well-balanced unit mix that transitions from larger two-bedroom units to smaller one-bedroom and studio apartments, allowing investors to capture demand from a variety of tenant profiles. The asset features impact windows, a durable tile roof, and ample on-site parking, helping minimize near-term capital expenditures while supporting long-term operational efficiency. The property is currently operated with below-market rents and predominantly month-to-month tenancies, providing a clear value-add opportunity for new ownership. By bringing rents to market levels, ownership can achieve a projected NOI of approximately $173,150. Located in one of South Florida’s strongest rental markets, the property is approximately 5 minutes from Downtown Hollywood, 10 minutes from the beach, 8 minutes from Fort Lauderdale-Hollywood International Airport, and offers convenient access to Interstate 95 and other major transportation corridors. This is an attractive opportunity for investors seeking stable cash flow with significant upside potential.

Address Map
State:
FL
County:
Broward
City:
Hollywood
Zipcode:
33020
Street:
1927/1929 Roosevelt St 1-10, Hollywood, Florida 33
Longitude:
W119° 40' 13.7''
Latitude:
N34° 5' 52.8''
MLS Addon
Building Area:
6,450 Sqft
Cumulative DOM:
2
DOM:
2
Internet Address Display:
1
Internet Listing Display:
1
Parcel Number:
514203104330
Structure Type:
Apartment
Tax Annual Amount:
$14,285
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Commercial Sale For Sale

1927/1929 Roosevelt St 1-10, Hollywood, Florida 33, Hollywood, Florida 33020

16,063 Sqft
$2,250,000
MLS # #A12026002
Basic Details
Property Type :
Commercial Sale
Listing Type :
For Sale
Price :
$2,250,000
Year Built :
1969
Lot Area :
16,063 Sqft
MLS # :
A12026002
Property Sub Type :
Multi Family
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