1927- 1929 Roosevelt st - Apartments FOR SALE


Hollywood, FL 33020- Royal Poinciana
$2,250,000 USD
954-743-7594
1927- 1929 Roosevelt st, Hollywood, FL for Sale
$2,250,000 USD
Apartments - FOR SALE
1/27
null | 6.38% Cap Rate

1927- 1929 Roosevelt st
Hollywood, FL 33020
Royal Poinciana


HIGHLIGHTS

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

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$2,250,000 USD

PRICE/SF

$349 USD /SF

# OF UNITS

10

PRICE/UNIT

$225,000

CAP RATE

6.38%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Roosevelt Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1972

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.37 AC

LAND SF

16,117 SF

ZONING

T2

APN/PARCEL ID

51-42-03-10-4320,51-42-03-10-4330

ASK ABOUT THIS PROPERTY

Elior LeviFausto Commercial Realty ConsultantsMore Info
954-743-7594

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Elior LeviFausto Commercial Realty ConsultantsMore Info
954-743-7594

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.