Hollywood Multifamily Investment
For Sale
Contact for pricing
930 N 14th Court, Hollywood, FL 33020
Well-maintained 14-unit building in Hollywood, fully occupied.
Property Size10,660 SF
Price / SF$375.23
Days on Market1131
Property Features for 930 N 14th Court
General Information
Standard status
Active
Size
10,660 SF
Class
B
Property subtype
Special Purpose
Zoning
RM-12
Building Details
Year Built
1965
Listing Agency:
Regency Realty Services
(561) 706-0095
Listed By:
Matan Morag · License #SL3124553
Source:
Crexi
Added: Jul 19, 2023
Changed: Aug 21
Last Checked: Aug 21 at 11:02AM
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 Regency Realty Services
Investment Insights
Based on property information with market context.
This 14-unit building is located in Hollywood, east of US1 and near the Hollywood Beach Golf Club, with proximity to restaurants, shopping, beaches, and Fort Lauderdale Airport. The property features 13 one-bedroom, one-bathroom units and one two-bedroom, one-bathroom unit. The one-bedroom units are spacious and have the potential for conversion to include an additional room or den. The building is well-maintained and has been recently updated with modern cabinetry, stainless steel appliances, and granite or quartz countertops, as well as modern ceramic tile. All units are equipped with central HVAC units and electric hot water tanks, and feature impact windows and new impact doors. The property is 100% occupied with all annual leases. Additional features include a security camera system and a coin laundry facility. The property has high elevation and ample parking, with two spaces per unit. The building has a courtyard area with room to add a pool. Thirteen of the fourteen units have been updated. The remaining unit is in good condition and occupied by a long-term tenant. The current EGI is $365,400 with a NOI of $294,454. Pro forma gross income is projected to be $378,600+ for 2024 and beyond.
Key Highlights
- High Income Producing Property: Current NOI of $294,454 with pro forma gross income of $378,600+ for 2024+ and current/actual EGI is $365,400.
- 100% Occupancy: All 14 units are currently leased.
- Updated Units: 13 of 14 units recently renovated with modern finishes including cabinetry, stainless steel appliances, granite or quartz countertops, and ceramic tile.
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
$177,681
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
4.44%
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%
$3,553,620
$3.6M
Cap Rate 7%
$2,538,300
$2.5M
Cap Rate 9%
$1,974,233
$2.0M
Market Conditions
NOI Build-Up for 10,660 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
$339.0K $31.80/SF
− Vacancy
−$15.9K −$1.49/SF
EGI
$323.1K $30.31/SF
− OpEx
−$145.4K −$13.64/SF
NOI
$177.7K $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%
$3,553,620
Cap Rate 7%
$2,538,300
Cap Rate 9%
$1,974,233
Alternative Uses
Best Use
Apartment 5plus
$2.54M
$2.22M – $2.96M
NOI $177,681 @ 7.0% cap · market cap 4.44%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.17M
$3.65M – $4.87M
NOI $291,913 @ 7.0% cap · market cap 7.30%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,037
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 - Well-maintained 14-unit building in Hollywood, fully occupied.
Where is this apartment building located?
The property is located at 930 N 14th Court Hollywood, FL.
What is the asking price?
The asking price for this property is $4,000,000.
What are key features of this property?
This property features: High Income Producing Property: Current NOI of $294,454 with pro forma gross income of $378,600+ for 2024+ and current/actual EGI is $365,400.; 100% Occupancy: All 14 units are currently leased.; Updated Units: 13 of 14 units recently renovated with modern finishes including cabinetry, stainless steel appliances, granite or quartz countertops, and ceramic tile.
