Multifamily Investment with Tile
1927-1929 Roosevelt Street Hollywood, FL 33020
1927-1929 Roosevelt Street, Hollywood, FL, 33020
$2,250,000
For Sale
$2,250,000
Two buildings totaling 10 units offer impact windows, tile roof, and ample on-site parking with a 2/1–2/2 and studio mix.
Property Size6,450 SF
Price / SF$348.84
Days on Market29
Property Features for 1927-1929 Roosevelt Street
General Information
- Standard status
- Active
- Size
- 6,450 SF
- Property subtype
- Multi-Family Income / Fourplex
Building Details
- Year Built
- 1969
Listing agency
Fausto Commercial Realty Consultants Inc
(954) 743-7594
Listed by
Elior Levi · License #3574869
(954) 743-7594
Source
Compass
Added: Jun 24 Updated: Jul 21 at 8:43AM Checked: Jul 21 at 8:43AM
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 Fausto Commercial Realty Consultants Inc
Investment Insights
Based on property information with market context.
1927 and 1929 Roosevelt Street present a 10-unit multifamily investment opportunity across two buildings. The unit mix includes two 2-bedroom/2-bath units, two 2-bedroom/1-bath units, four 1-bedroom/1-bath units, and two studio units. Property features include impact windows, a durable tile roof, and ample on-site parking.
The property is currently operated with below-market rents and predominantly month-to-month tenancies. The marketing materials note this as a clear value-add opportunity for new ownership, with a projected NOI of approximately $173,150.
Access and regional convenience are highlighted in the offering: the buildings are approximately 5 minutes from Downtown Hollywood, 10 minutes from the beach, 8 minutes from Fort Lauderdale-Hollywood International Airport, and provide convenient access to Interstate 95 and other major transportation corridors.
The property is currently operated with below-market rents and predominantly month-to-month tenancies. The marketing materials note this as a clear value-add opportunity for new ownership, with a projected NOI of approximately $173,150.
Access and regional convenience are highlighted in the offering: the buildings are approximately 5 minutes from Downtown Hollywood, 10 minutes from the beach, 8 minutes from Fort Lauderdale-Hollywood International Airport, and provide convenient access to Interstate 95 and other major transportation corridors.
Key Highlights
- 10‑unit multifamily across 1927 and 1929 Roosevelt Street (Year built 1969) with a mix of 2/1–2/2, 1/1, and studio units
- Unit mix: two 2‑bedroom/2‑bath, two 2‑bedroom/1‑bath, four 1‑bedroom/1‑bath, and two studio units
- Impact windows, durable tile roof, and ample on‑site parking reported for the asset
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 | $205.1k | $31.80 |
| − Vacancy | −$9.6k | −$1.49 |
| EGI | $195.5k | $30.31 |
| − OpEx | −$88.0k | −$13.64 |
| NOI | $107.5k | $16.67 |
6,450 SF · lease $31.80/SF/yr · vacancy 4.70% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.54M
$1.34M – $1.79M
NOI $107,508 @ 7.0% cap · market cap 4.78%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.52M
$2.21M – $2.94M
NOI $176,627 @ 7.0% cap · market cap 7.85%
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 - Two buildings totaling 10 units offer impact windows, tile roof, and ample on-site parking with a 2/1–2/2 and studio mix.
Where is this apartment building located?
The property is located at 1927-1929 Roosevelt Street Hollywood, FL.
What is the asking price?
The asking price for this property is $2,250,000.
What are key features of this property?
This property features: 10‑unit multifamily across 1927 and 1929 Roosevelt Street (Year built 1969) with a mix of 2/1–2/2, 1/1, and studio units; Unit mix: two 2‑bedroom/2‑bath, two 2‑bedroom/1‑bath, four 1‑bedroom/1‑bath, and two studio units; Impact windows, durable tile roof, and ample on‑site parking reported for the asset
