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    Hollywood Fourplex with Swimming Pool Title is generated by Realmo AI

    2447 Roosevelt Street, Hollywood, FL 33020

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    Claim this Listing
    Pending
    $990,000

    MULTI_FAMILY - Hollywood, FL

    Property size:
    2,839 SF
    Added:
    Nov 2, 2025
    Days on Market:
    190
    Last Refresh:
    May 10 at 11:06 am

    Property Features for 2447 Roosevelt Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    RM-9
    Bedrooms
    8
    Rooms
    Bedroom 5, Bedroom 3, Bathroom 2, Bedroom 7, Bathroom 1, Bathroom 5, Bathroom 3, Bedroom 8, Bedroom 6, Bedroom 2, Bedroom 1, Bedroom 4, Bathroom 4
    Pets allowed
    No, Yes
    Pool private
    1
    Exterior features
    Balcony, Courtyard, Private Rooftop Terrace
    Fencing
    Gate, Privacy
    Standard status
    Pending
    APN
    514209057980
    Size
    2,839 SF

    Taxes and HOA fees

    Tax Year
    2023
    Tax Description
    HOLLYWOOD PARK 4-19 B LOT 12 BLK 47
    Tax Annual Amount
    10162

    Utilities

    Utilities
    Cable Available
    Sewer type
    Septic Tank, Public Sewer
    Heating system
    Central, Electric (Heating)
    Cooling system
    Electric, Wall/Window Unit(s), Window Unit(s)
    Water source
    Public

    Building Details

    Year built
    1952
    Floors in Building
    2
    Number of units
    4
    Flooring type
    Tile - Ceramic, Vinyl
    Building materials
    CBS, Frame, Stucco
    Roof type
    Shingle, Flat, Fiberglass, Composition, Rolled Hot Mop

    We can help!

    Listing Contact
    William M McLaren Jr

    Listing agent William M McLaren Jr License #3009266

    Listing office Allstar Realty Inc 1975 E Sunrise Boulevard Suite 630, Plantation, FL

    Listing date Nov 2, 2025

    MLS# F10534724 Listing URL

    Copyright © 2026 BeachesMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Four‑unit (4‑plex) property with income potential
    • Enjoy the full‑sized swimming pool available to all units
    • Potential for high gross annual rents (over $110,000)
    • Suitable for owner‑occupancy - live in one unit, rent the others
    • New roofs on 3 of the units
    • Corner lot with ample parking

    Overview

    This fourplex in Hollywood, Florida, presents an investment opportunity. The property includes a full-sized swimming pool accessible to all units. The main building features a four-bedroom, two-bathroom unit downstairs and a two-bedroom, one-bathroom unit upstairs. The back building contains a one-bedroom, one-bathroom unit downstairs and a one-bedroom studio upstairs, totaling eight bedrooms across all units. Situated on a corner lot, the property offers ample parking. The property is zoned RM-9. The building has new roofs on three of the units. Current tenants are on month-to-month leases. The property has the potential to generate over $110,000 per year in gross rents, with possibilities for higher income if rented to nurses and medical personnel. This property is suitable for an owner-occupant looking to live in one unit and earn income from the others. The property size is 2,839 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Gym & Fitness Center Grocery & Convenience Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Hollywood
    County
    Broward
    State
    Florida
    Longitude
    -80.157156
    Latitude
    26.025322

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    FAQs

    What type of property is this?
    Quadplex - Four-unit property with pool, potential for high rental income.
    Where is this quadplex located?
    The property is located at 2447 Roosevelt Street Hollywood, FL.
    What is the asking price?
    The asking price for this property is $990,000.
    What are key features of this property?
    This property features: Four‑unit (4‑plex) property with income potential; Enjoy the full‑sized swimming pool available to all units; Potential for high gross annual rents (over $110,000)
    (954) 445-7355
    We can help!
    Listing Contact
    William M McLaren Jr
    Real Estate License ID: 3009266
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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