20-Unit Multifamily Investment
1723-1739 Moffett St Hollywood, FL 33020
1723-1739 Moffett St, Hollywood, FL, 33020
$4,000,000
For Sale
$4,000,000
Twenty adjacent apartment units across multiple buildings, with some renovated interiors and additional value-add potential.
Property Size10,025 SF
Lot Size0.78 Acres
Price / SF$399
Days on Market85
Property Features for 1723-1739 Moffett St
General Information
- Standard status
- Active
- Size
- 10,025 SF
- Lot size
- 0.78 Acres
- Property subtype
- Multi-Family
Building Details
- Year Built
- 1945
Listing agency
RE/MAX 5 Star Realty
(954) 453-1000
Listed by
John DeMarco · License #A11768360
(954) 453-1000
Source
Xome
Added: Apr 29 Updated: Jul 21 at 11:01PM Checked: Jul 21 at 11:01PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX 5 Star Realty
Investment Insights
Based on property information with market context.
1723–1739 Moffett Street is a 20-unit multifamily investment opportunity comprising multiple adjacent apartment buildings. The property is described as approximately 34,005 SF and includes a mix of unit conditions, with several units renovated and featuring updated interiors. The remaining units are positioned as additional value-add opportunities for future ownership through continued renovations and operational improvements.
The site is in Hollywood, Florida, with proximity to Downtown Hollywood, Young Circle, Federal Highway, Dixie Highway, I-95, and Hollywood Beach, supporting ongoing tenant demand.
In addition to the existing multifamily income, the site is presented with long-term redevelopment potential under the Live Local Act, with the ability to develop approximately 180+ units.
The site is in Hollywood, Florida, with proximity to Downtown Hollywood, Young Circle, Federal Highway, Dixie Highway, I-95, and Hollywood Beach, supporting ongoing tenant demand.
In addition to the existing multifamily income, the site is presented with long-term redevelopment potential under the Live Local Act, with the ability to develop approximately 180+ units.
Key Highlights
- 20‑unit multifamily property across multiple adjacent apartment buildings
- Approximately 34,005 SF site area with units in several buildings
- Some units have been renovated with updated interiors, with remaining units offering value‑add potential
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $318.8k | $31.80 |
| − Vacancy | −$15.0k | −$1.49 |
| EGI | $303.8k | $30.31 |
| − OpEx | −$136.7k | −$13.64 |
| NOI | $167.1k | $16.67 |
10,025 SF · lease $31.80/SF/yr · vacancy 4.70% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$2.39M
$2.09M – $2.78M
NOI $167,096 @ 7.0% cap · market cap 4.18%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.92M
$3.43M – $4.58M
NOI $274,525 @ 7.0% cap · market cap 6.86%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Apartment buildings
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FAQs
What type of property is this?
Apartment building - Twenty adjacent apartment units across multiple buildings, with some renovated interiors and additional value-add potential.
Where is this apartment building located?
The property is located at 1723-1739 Moffett St Hollywood, FL.
What is the asking price?
The asking price for this property is $4,000,000.
What are key features of this property?
This property features: 20‑unit multifamily property across multiple adjacent apartment buildings; Approximately 34,005 SF site area with units in several buildings; Some units have been renovated with updated interiors, with remaining units offering value‑add potential
