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1741-1743 Moffett St 8 Unit Apartment Building $1,500,000 ($187,500/Unit) 6.10% Cap Rate Hollywood, FL 33020
Investment Highlights
- Multifamily Redevelopment Opportunity
- Minutes to Downtown Hollywood and Near Federal Hwy & I-95
- Can Build up to 65+ Units under Live Local Act !
- Prime Hollywood Location
- Strong In-Place Income
- Ideal for an Investor or Developer
Executive Summary
The subject property is an 8-unit multifamily investment opportunity located in the rapidly growing Hollywood rental market. The property consists of two adjacent apartment buildings situated on a 11,334 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 ±60 units under the Live Local Act.
Property Facts
| Price | $1,500,000 | Apartment Style | Low-Rise |
| Price Per Unit | $187,500 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.27 AC |
| Cap Rate | 6.10% | Building Size | 11,334 SF |
| Sale Condition | Redevelopment Project | No. Stories | 1 |
| No. Units | 8 | Year Built | 1953 |
| Property Type | Multifamily | Parking Ratio | 0.44/1,000 SF |
| Property Subtype | Apartment | ||
| Zoning | FH-1 - Future Holding 1 | ||
| Price | $1,500,000 |
| Price Per Unit | $187,500 |
| Sale Type | Investment |
| Cap Rate | 6.10% |
| Sale Condition | Redevelopment Project |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.27 AC |
| Building Size | 11,334 SF |
| No. Stories | 1 |
| Year Built | 1953 |
| Parking Ratio | 0.44/1,000 SF |
| Zoning | FH-1 - Future Holding 1 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 8 | - | - |
1 1
Moderately walkable
70/100
Moderately drivable
60/100
Some public transit
50/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 51-42-22-09-0040 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $1,038,650 |
Property Taxes
Parcel Number
51-42-22-09-0040
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$1,038,650
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1741-1743 Moffett St
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