$2,250,0002 days on marketActive

1927/1929 Roosevelt Street, Hollywood, FL 33020

Hollywood, FL 33020

6,450

Sq Ft

$349

$/Sq Ft

1969

Year Built

Listing Snapshot

List Price	$2,250,000
Price / Sq Ft	$349
Beds	0
Baths	0
Living Area	6,450 sqft

Year Built	1969
Property Tax	$14,285/yr
MLS #	1176545216
Status	Active
Days on Market	2

About This Home

1927 and 1929 Roosevelt Street is a 10-unit multifamily investment opportunity consisting of two 2-bedroom/2-bath units, two 2-bedroom/1-bath units, four 1-bedroom/1-bath units, and two studio units. The property offers a well-balanced unit mix that transitions from larger two-bedroom units to smaller one-bedroom and studio apartments, allowing investors to capture demand from a variety of tenant profiles. The asset features impact windows, a durable tile roof, and ample on-site parking, helping minimize near-term capital expenditures while supporting long-term operational efficiency. The property is currently operated with below-market rents and predominantly month-to-month tenancies, providing a clear value-add opportunity for new ownership. By bringing rents to market levels, ownership can achieve a projected NOI of approximately $173,150. Located in one of South Florida's strongest rental markets, the property is approximately 5 minutes from Downtown Hollywood, 10 minutes from the beach, 8 minutes from Fort Lauderdale-Hollywood International Airport, and offers convenient access to Interstate 95 and other major transportation corridors. This is an attractive opportunity for investors seeking stable cash flow with significant upside potential.