1927/1929 Roosevelt Street 110

Listing Snapshot

Price

$2,250,000

Days on Site

0 Days

Bedrooms

0

Total Baths

0

Total Sq Ft

6,450 sqft

Lot Size

0.37 Acres

Year Built

1969

Property Type

Commercial

MLS #

A12026002

Property Tax

$14,285 (2025)

County

Broward

Status

Active

About This Property

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.

General Features

Property Type

Commercial

Status

Active

Year Built

1969

Lot Size (Acres)

0.37

Total Sq Ft

6,450

Zoning

ND-1

Community & HOA

Financing Terms

Cash / Conventional / Other

MLS Area

3050