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1933 Dewey St | 4plex | Mid-Core 1933 Dewey St 4 Unit Apartment Building $1,100,000 ($275,000/Unit) 4.62% Cap Rate Hollywood, FL 33020
INVESTMENT HIGHLIGHTS
- All Apartments have been renovated
- Gated Community with a Beautifully Manicured Courtyard
- Located within an Opportunity Zone of Parkside which provides zero capital gains under certain conditions if purchased before Dec 31, 2026
- 9 Parking Spaces, a Rarity in East Hollywood
- New Roof – West Building
- Laundry Facility
EXECUTIVE SUMMARY
The subject is located one block west of Federal Highway and just south of Downtown Hollywood which was once a quiet, suburban strip along Federal Highway and Young Circle. The neighborhood is now emerging as a spirited urban corridor. Anchored by high-profile mixed-use developments, funded by institutional capital, and energized by spillover from Aventura and Hallandale Beach, the region is experiencing classic gentrification with $1.0 Billion in new and future developments and investment.
The property consists of 4 units: (3/2)*, (2/1), and 2 (1/1) apartments in 2 buildings that are well maintained and strategically located to take advantage of the vibrant redevelopment of downtown Hollywood and an exceptional neighborhood for residential income properties which offers strong rental demand. The units are fully rented each with a one-year lease with staggered expiration dates. The property is generating $8,145 monthly.
Property Highlights:
All Apartments have been renovated throughout
9 Parking Spaces, a Rarity in East Hollywood Where Each Apartment Has 2 Parking Spaces.
Colored Concrete Driveway Rear Parking Lot (2017)
Gated Community with a Beautifully Manicured Courtyard
New Roof – West Building
Laundry Facility
Located within an Opportunity Zone of Parkside which provides zero capital gains under certain conditions if purchased before Dec 31, 2026
* Call for disclosure
The property consists of 4 units: (3/2)*, (2/1), and 2 (1/1) apartments in 2 buildings that are well maintained and strategically located to take advantage of the vibrant redevelopment of downtown Hollywood and an exceptional neighborhood for residential income properties which offers strong rental demand. The units are fully rented each with a one-year lease with staggered expiration dates. The property is generating $8,145 monthly.
Property Highlights:
All Apartments have been renovated throughout
9 Parking Spaces, a Rarity in East Hollywood Where Each Apartment Has 2 Parking Spaces.
Colored Concrete Driveway Rear Parking Lot (2017)
Gated Community with a Beautifully Manicured Courtyard
New Roof – West Building
Laundry Facility
Located within an Opportunity Zone of Parkside which provides zero capital gains under certain conditions if purchased before Dec 31, 2026
* Call for disclosure
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,540
|
$25.91
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$4,977
|
$1.30
|
| Effective Gross Income |
$94,563
|
$24.61
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$43,726
|
$11.38
|
| Net Operating Income |
$50,837
|
$13.23
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $99,540 |
| Annual Per SF | $25.91 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | $4,977 |
| Annual Per SF | $1.30 |
| Effective Gross Income | |
|---|---|
| Annual | $94,563 |
| Annual Per SF | $24.61 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $43,726 |
| Annual Per SF | $11.38 |
| Net Operating Income | |
|---|---|
| Annual | $50,837 |
| Annual Per SF | $13.23 |
PROPERTY FACTS
AMENITIES
UNIT AMENITIES
- Air Conditioning
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 3+2 | 1 | $3,235 | 880 |
| 1+1 | 3 | $8,526 | 550 - 675 |
1 1
Walk Score®
Very Walkable (83)
Bike Score®
Very Bikeable (70)
PROPERTY TAXES
| Parcel Number | 51-42-22-10-0770 | Improvements Assessment | $0 (2025) |
| Land Assessment | $0 (2025) | Total Assessment | $525,370 (2025) |
PROPERTY TAXES
Parcel Number
51-42-22-10-0770
Land Assessment
$0 (2025)
Improvements Assessment
$0 (2025)
Total Assessment
$525,370 (2025)
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1933 Dewey St | 4plex | Mid-Core | 1933 Dewey St
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