1741-1743 Moffett St - Apartments FOR SALE


Hollywood, FL 33020- Parkside
$1,500,000 USD
1741-1743 Moffett St, Hollywood, FL for Sale
$1,500,000 USD
Apartments - FOR SALE
1/8
null | 6.1% Cap Rate

1741-1743 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 6% CAP Rate
  • Future Live Local Redevelopment Potential, Can Build up to 65+ Units
  • Perfect for an Investor or Developer

OVERVIEW

1741–1743 Moffett Street is an 8-unit multifamily investment opportunity located in the rapidly growing Hollywood rental market. The property consists of two adjacent multifamily buildings situated on approximately 11,334 SF currently generating strong in-place rental income with additional upside through future rental increases, continued renovations, lease-up opportunities, and operational improvements. Several units have been updated 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. In addition to the existing multifamily income, the site also presents future long-term redevelopment opportunity under the Live Local Act with the ability to develop approximately 60+ units.

FOR SALE DETAILS

PRICE

$1,500,000 USD

PRICE/SF

$132 USD /SF

# OF UNITS

8

PRICE/UNIT

$187,500

CAP RATE

6.1%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1953

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.27 AC

LAND SF

11,701 SF

ZONING

FH-1

APN/PARCEL ID

51-42-22-09-0040

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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