Multifamily Investment with Redevelopment
1723-1743 Moffett St Hollywood, FL 33020
1723-1743 Moffett St, Hollywood, FL, 33020
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For Sale
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Three adjacent parcels totaling 36 units near Downtown Hollywood offer in-place rental income and redevelopment upside.
Property Size18,417 SF
Lot Size1.42 Acres
Price / SF$350.22
Days on Market63
Property Features for 1723-1743 Moffett St
General Information
- Standard status
- Active
- Size
- 18,417 SF
- Lot size
- 1.42 Acres
- Property subtype
- Multifamily
Building Details
- Year Built
- 1945
Listing agency
RE/MAX 5 Star Realty
(954) 453-1000
Listed by
John DeMarco · License #BK3134747
Source
Crexi
Added: May 21 Updated: Jul 21 at 4:05AM Checked: Jul 22 at 9:04AM
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.
This multifamily investment consists of three adjacent parcels featuring a total of 36 apartment units at 1723–1743 Moffett St in Hollywood, Florida. The portfolio is approximately 61,718 SF and benefits from in-place rental income, with additional upside cited through future rental increases, continued renovations, lease-up opportunities, and operational improvements. Several units have been updated with renovated interiors.
The assemblage is described as centrally located near Downtown Hollywood, Young Circle, Federal Highway, Dixie Highway, I-95, and Hollywood Beach. In addition to existing income, the parcels are presented as having long-term redevelopment potential under the Live Local Act, with the ability to develop approximately 325+ units.
The assemblage is described as centrally located near Downtown Hollywood, Young Circle, Federal Highway, Dixie Highway, I-95, and Hollywood Beach. In addition to existing income, the parcels are presented as having long-term redevelopment potential under the Live Local Act, with the ability to develop approximately 325+ units.
Key Highlights
- Multifamily portfolio on three adjacent parcels totaling 36 apartment units
- Properties sit on approximately 61,718 SF
- Built in 1945
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 | $585.7k | $31.80 |
| − Vacancy | −$27.5k | −$1.49 |
| EGI | $558.1k | $30.31 |
| − OpEx | −$251.2k | −$13.64 |
| NOI | $307.0k | $16.67 |
18,417 SF · lease $31.80/SF/yr · vacancy 4.70% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$4.39M
$3.84M – $5.12M
NOI $306,974 @ 7.0% cap · market cap 4.76%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$7.20M
$6.30M – $8.41M
NOI $504,331 @ 7.0% cap · market cap 7.82%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - Three adjacent parcels totaling 36 units near Downtown Hollywood offer in-place rental income and redevelopment upside.
Where is this apartment building located?
The property is located at 1723-1743 Moffett St Hollywood, FL.
What is the asking price?
The asking price for this property is $6,450,000.
What are key features of this property?
This property features: Multifamily portfolio on three adjacent parcels totaling 36 apartment units; Properties sit on approximately 61,718 SF; Built in 1945
