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1927- 1929 Roosevelt st
Hollywood, FL 33020 Royal Poinciana

$2,250,000 USD

Apartments For Sale • 6,450 SF

Property Details

Property Type Apartments
Total Building Size 6,450 SF
Lot Size 0.37 AC
Building Class C
Year Built 1972
Cap Rate 6.38 %
Zoning T2

30 Transit Score

70 Walk Score

                
                    Highlights
                
                                Value-Add Investment Opportunity: Below-market rents provide significant upside through repositioning.
                            
                                Projected 8% Cap Rate: Opportunity to achieve $173,150 in NOI at market rents.
                            
                                Diverse Unit Mix: Ten units ranging from studios to spacious two-bedroom apartments.
                            
                                Low-Maintenance Improvements: Impact windows and a durable tile roof help reduce capital expenditures.
                            
                                Flexible Lease Structure: Predominantly month-to-month tenancies allow for operational optimization.
                            
                                Prime Hollywood Location: Minutes from Downtown Hollywood, the beach, the airport, and Interstate 95.

Property Flyers

1927 and 1929 Roosevelt St

Financial Summary (Proforma)

Net Operating Income: $173,150 USD (2027)

Cap Rate:	6.38 %
Total Expenses:	$64,150 USD

Public Transportation

Commuter Rail	Drive	Walk	Distance
Sheridan Street (Tri-County Commuter - South Florida Regional Transportation Authority (Tri-Rail))	5 min	-	1.8 mi
Hollywood (Tri-County Commuter - South Florida Regional Transportation Authority (Tri-Rail))	5 min	-	2.6 mi
Airport	Drive	Walk	Distance
Fort Lauderdale/Hollywood International	11 min	-	5.4 mi
Miami International	43 min	-	25.7 mi

Elior Levi 954-743-7594 Fausto Commercial Realty Consultants

1927- 1929 Roosevelt st Hollywood, FL 33020 Royal Poinciana