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… Read More 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. Read Less
Courtesy of Fausto Commercial Realty Consultants Inc, Elior Levi, 786-748-7373.
Listing Snapshot
Days Online
6
Last Updated
Property Type
Multi Family
Square Ft.
6,450
Lot Size
0.37 Acres
Year Built
1969
MLS Number
A12026002
30 Days Snapshot Of 33020
$323k
+30%
(avg) sold price
10
0%
homes sold
136
-18%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Built in 1969, Toal building area: 6450, 4 total units
Lot
0.37 acres
Property
Zoning: ND-1
Taxes
Annual amount: $14,285
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