Ten-Unit Multifamily
1927 /1929 Roosevelt St 1-10 Hollywood, FL 33020
New
For Sale
$2,250,000
Two connected buildings offer a mix of 2-bedroom, 1-bedroom, and studio units with impact windows, tile roof, and on-site parking.
Property Size6,450 SF
Price / SF$348.84
Days on Market3
Property Features for 1927 /1929 Roosevelt St 1-10
General Information
- Standard status
- Active
- Size
- 6,450 SF
Building Details
- Year Built
- 1969
Listing Agency:
Fausto Commercial Realty Consultants Inc
(954) 743-7594
Listed By:
Elior Levi · License #A11952813
Source:
Mymiahomes
Added: Jul 21
Changed: Jul 22
Last Checked: Jul 23 at 5:21AM
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 in 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. Reported improvements include impact windows and a durable tile roof, along with ample on-site parking.
The property is currently operated with below-market rents and predominantly month-to-month tenancies, according to the remarks. The transition from larger two-bedroom units to smaller one-bedroom and studio apartments is designed to serve a range of tenant needs. A projected NOI of approximately $173,150 is cited in the offering materials.
Location access is supported by the property being approximately 5 minutes from Downtown Hollywood, 10 minutes from the beach, and 8 minutes from Fort Lauderdale-Hollywood International Airport, with 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, according to the remarks. The transition from larger two-bedroom units to smaller one-bedroom and studio apartments is designed to serve a range of tenant needs. A projected NOI of approximately $173,150 is cited in the offering materials.
Location access is supported by the property being approximately 5 minutes from Downtown Hollywood, 10 minutes from the beach, and 8 minutes from Fort Lauderdale-Hollywood International Airport, with convenient access to Interstate 95 and other major transportation corridors.
Key Highlights
- 10‑unit multifamily property with a unit mix of 2BR/2BA (2), 2BR/1BA (2), 1BR/1BA (4), and studios (2)
- Year built 1969; two connected buildings
- Impact windows, durable tile roof, and ample on‑site parking
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
FAQs
What type of property is this?
Apartment building - Two connected buildings offer a mix of 2-bedroom, 1-bedroom, and studio units with impact windows, tile roof, and on-site parking.
Where is this apartment building located?
The property is located at 1927 /1929 Roosevelt St 1-10 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 property with a unit mix of 2BR/2BA (2), 2BR/1BA (2), 1BR/1BA (4), and studios (2); Year built 1969; two connected buildings; Impact windows, durable tile roof, and ample on‑site parking
