20-Unit Multifamily Investment
For Sale
$4,000,000
1723-1739 Moffett St, Hollywood, FL 33020
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 Market124
Property Features for 1723-1739 Moffett St
General Information
Standard status
Active
Size
10,025 SF
Lot size
0.78 Acres
Property subtype
General Commercial
Additional Details
Highway Access
Yes
Multifamily Units
20
Taxes and HOA fees
Annual Taxes
$66,091
Amenities
3
Building Details
Year Built
1945
Listing Agency:
RE/MAX 5 Star Realty
(954) 361-0000
Listed By:
John DeMarco · License #BK3134747
(954) 453-1000
Source:
Xome
Added: May 7
Changed: Sep 1
Last Checked: Sep 7 at 5:39AM
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
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$167,096
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.18%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,341,920
$3.3M
Cap Rate 7%
$2,387,086
$2.4M
Cap Rate 9%
$1,856,622
$1.9M
Market Conditions
NOI Build-Up for 10,025 SF
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.
Gross rent
$318.8K $31.80/SF
− Vacancy
−$15.0K −$1.49/SF
EGI
$303.8K $30.31/SF
− OpEx
−$136.7K −$13.64/SF
NOI
$167.1K $16.67/SF
Area
Hollywood, FL
Vacancy
4.70%
Lease Rate
$31.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,341,920
Cap Rate 7%
$2,387,086
Cap Rate 9%
$1,856,622
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 authorities.
Property Analytics
Current Use
Lease Details
20
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,765
Businesses Nearby
Explore this area
Business Placement
Demographics for 33020, FL
45,044
Population
22,508
Households
2
Avg Household Size
41
Median Age
29%
College-Educated
89%
High-School Grad
6.0 sq mi
ZIP Area
7,507
Density / Sq Mi
$52,535
Median Household Income
$32,449
Median Earnings
$1,444
Median Rent
$306,700
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
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
