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1723 -1739 Moffett St
Hollywood, FL 33020
Multifamily Property For Sale
·
20 Units
Investment Highlights
- Multifamily Redevelopment Opportunity!
- Minutes to Downtown Hollywood and Near Federal Hwy & I-95
- Can Build up to ±180 Units under the Live Local Act!
- Prime Hollywood Location
- Strong In-Place Income
- Ideal for an Investor or Developer!
Executive Summary
The subject property is a 20-unit multifamily investment and redevelopment opportunity located in the rapidly growing Hollywood rental market. The property consists of multiple adjacent apartment buildings situated on a large 34,005 SF development site currently generating strong in-place rental income with additional upside through future rental increases, continued renovations, and operational improvements. Several units have been updated with renovated interiors while the property benefits from strong tenant demand and a central location near Downtown Hollywood, Young Circle, Federal Highway, Dixie Highway, I-95, and Hollywood Beach. The site also presents significant redevelopment potential with the ability to build approximately 180+ units under the Live Local Act.
Property Facts
| Price Per Unit | $200,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.78 AC |
| Cap Rate | 5.72% | Building Size | 10,025 SF |
| Sale Condition | Redevelopment Project | Average Occupancy | 100% |
| No. Units | 20 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1945 |
| Property Subtype | Apartment | Parking Ratio | 2.49/1,000 SF |
| Apartment Style | Garden | ||
| Zoning | FH-1 - 2 lots furthermost West are zoned mixed use residential/commercial. 6 lots furthermost east are zoned multi-family. | ||
| Price Per Unit | $200,000 |
| Sale Type | Investment |
| Cap Rate | 5.72% |
| Sale Condition | Redevelopment Project |
| No. Units | 20 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.78 AC |
| Building Size | 10,025 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1945 |
| Parking Ratio | 2.49/1,000 SF |
| Zoning | FH-1 - 2 lots furthermost West are zoned mixed use residential/commercial. 6 lots furthermost east are zoned multi-family. |
Amenities
Site Amenities
- Laundry Facilities
- Pool
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 20 | - | - |
Property Taxes
| Parcel Number | 51-42-22-09-0050 | Improvements Assessment | $2,337,990 |
| Land Assessment | $408,060 | Total Assessment | $2,746,050 |
Property Taxes
Parcel Number
51-42-22-09-0050
Land Assessment
$408,060
Improvements Assessment
$2,337,990
Total Assessment
$2,746,050
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