1723 -1739 Moffett St - Apartments FOR SALE


Hollywood, FL 33020- Parkside
$4,000,000 USD
1723 -1739 Moffett St, Hollywood, FL for Sale
$4,000,000 USD
Apartments - FOR SALE
1/11
null | 5.72% Cap Rate

1723 -1739 Moffett St
Hollywood, FL 33020
Parkside


HIGHLIGHTS

  • Multifamily Investment Opportunity
  • Prime Hollywood Location, Minutes to Downtown and near Federal Hwy & I-95
  • Strong In-Place Income with a 5.7% Actual CAP Rate
  • Future Live Local Redevelopment Potential, Can Build up to ±180 Units
  • Perfect for an Investor or Developer!

OVERVIEW

1723–1739 Moffett Street is a 20-unit multifamily investment opportunity located in the rapidly growing Hollywood rental market. The property consists of multiple adjacent apartment buildings situated on approximately 34,005 SF and currently generates strong in-place rental income with additional upside through future rental increases, continued renovations, lease-up opportunities, and operational improvements. Several units throughout the property have been renovated with updated interiors while the remaining units provide additional value-add potential for future ownership. 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. In addition to the existing multifamily income, the site also presents a future long-term redevelopment opportunity under the Live Local Act with the ability to develop approximately 180+ units.

FOR SALE DETAILS

PRICE

$4,000,000 USD

PRICE/SF

$399 USD /SF

# OF UNITS

20

PRICE/UNIT

$200,000

CAP RATE

5.72%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1945

PARKING SPACES

25

LAND DETAILS

LAND ACRES

0.78 AC

LAND SF

34,005 SF

ZONING

FH-1

APN/PARCEL ID

51-42-22-09-0050

ASK ABOUT THIS PROPERTY

John DeMarcoRE/MAX 5 Star RealtyMore Info

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John DeMarcoRE/MAX 5 Star RealtyMore Info

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