Ten-Unit Multifamily
For Sale
$2,195,000
1927 /1929 Roosevelt St 1-10, Hollywood, FL 33020
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$340.31
Days on Market49
Property Features for 1927 /1929 Roosevelt St 1-10
General Information
Standard status
Active
Size
6,450 SF
Additional Details
Highway Access
Yes
Multifamily Units
10
Amenities
on-site parking
Building Details
Year Built
1969
Tenancy
Multi
Listing Agency:
Fausto Commercial Realty Consultants Inc
Listed By:
Elior Levi · License #3574869
(954) 743-7594
Source:
Mymiahomes
Added: Jul 21
Changed: Aug 17
Last Checked: Sep 6 at 10:23AM
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
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
$107,508
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
4.90%
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%
$2,150,160
$2.2M
Cap Rate 7%
$1,535,829
$1.5M
Cap Rate 9%
$1,194,533
$1.2M
Market Conditions
NOI Build-Up for 6,450 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
$205.1K $31.80/SF
− Vacancy
−$9.6K −$1.49/SF
EGI
$195.5K $30.31/SF
− OpEx
−$88.0K −$13.64/SF
NOI
$107.5K $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%
$2,150,160
Cap Rate 7%
$1,535,829
Cap Rate 9%
$1,194,533
Alternative Uses
Best Use
Apartment 5plus
$1.54M
$1.34M – $1.79M
NOI $107,508 @ 7.0% cap · market cap 4.90%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.52M
$2.21M – $2.94M
NOI $176,627 @ 7.0% cap · market cap 8.05%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
10
Residential units
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,476
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 - 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 $2,195,000.
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
