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Investment Highlights

  • Value-Add Investment Opportunity: Below-market rents provide significant upside through repositioning.
  • Diverse Unit Mix: Ten units ranging from studios to spacious two-bedroom apartments.
  • Flexible Lease Structure: Predominantly month-to-month tenancies allow for operational optimization.
  • Projected 8% Cap Rate: Opportunity to achieve $173,150 in NOI at market rents.
  • Low-Maintenance Improvements: Impact windows and a durable tile roof help reduce capital expenditures.
  • Prime Hollywood Location: Minutes from Downtown Hollywood, the beach, the airport, and Interstate 95.

Executive Summary

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.

Financial Summary (Pro Forma - 2027)

Annual Annual Per SF
Gross Rental Income $237,300 $36.79
Other Income - -
Vacancy Loss - -
Effective Gross Income $237,300 $36.79
Taxes $33,000 $5.12
Operating Expenses $31,150 $4.83
Total Expenses $64,150 $9.95
Net Operating Income $173,150 $26.84

Financial Summary (Pro Forma - 2027)

Gross Rental Income
Annual $237,300
Annual Per SF $36.79
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual $237,300
Annual Per SF $36.79
Taxes
Annual $33,000
Annual Per SF $5.12
Operating Expenses
Annual $31,150
Annual Per SF $4.83
Total Expenses
Annual $64,150
Annual Per SF $9.95
Net Operating Income
Annual $173,150
Annual Per SF $26.84

Property Facts

Price $2,250,000
Price Per Unit $225,000
Sale Type Investment
Cap Rate 6.38%
No. Units 10
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low-Rise
Building Class C
Lot Size 0.37 AC
Building Size 6,450 SF
No. Stories 1
Year Built 1972
Zoning T2 - Multifamily

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
Studios 2 - -
1+1 4 - -
2+1 2 - -
2+2 2 - -
Moderately walkable
70/100
Moderately drivable
70/100
Limited public transit
30/100
Moderately bikeable
60/100

Property Taxes

Property Taxes

Parcel Number
51-42-03-10-4330
Land Assessment
$0 (2026)
Improvements Assessment
$0 (2026)
Total Assessment
$628,510 (2026)
Annual Taxes
$33,000 ($5.12/SF)
Tax Year
2027
  • Listing ID: 40758345

  • Date on Market: 6/2/2026

  • Last Updated:

  • Address: 1927- 1929 Roosevelt st, Hollywood, FL 33020

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