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.
- 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''
- 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
- Virtual Tour:
- Click Here
Commercial Sale For Sale
1927/1929 Roosevelt St 1-10, Hollywood, Florida 33, Hollywood, Florida 33020
- 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
