Funston Street Apartments — Sale in Hollywood, FL

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Hollywood, FL 33020

Photos

Funston Street Apartments — Sale in Hollywood, FL, photo 1 of 3
Funston Street Apartments — Sale in Hollywood, FL, photo 2 of 3
Funston Street Apartments — Sale in Hollywood, FL, photo 3 of 3

Investment Figures

Cap rate
5.85%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Funston Street Apartments is a 14-unit, two-story apartment community located at 1740 Funston Street in Hollywood, Florida's South Side neighborhood, close to Downtown Hollywood, Young Circle, and the beach. Built in 1977 on a 0.25-acre lot, the concrete block property totals 8,649 rentable square feet across thirteen 1-bedroom/1-bathroom units (600 SF) and one 2-bedroom/1.5-bathroom unit (849 SF). Twelve of the fourteen units (86%) have been renovated with new flooring, granite kitchen countertops, stainless-steel appliances, and updated bathroom fixtures. Three of the units have in-unit washers and dryers, while the remainder of the units are permitted to use on-site coin laundry machines provided by the owner. Ownership has also initiated a full electrical panel upgrade, replacing the original Zinsco panels with new Siemens panels, and the property is served by municipal water and sewer, individually metered electric service through FPL, and third-party trash removal through Universal Waste. In place rents average $1,786 per unit against a pro forma average of $1,929, representing meaningful embedded upside across the unit mix. Investment Highlights: • 14-unit community in Hollywood's South Side neighborhood, East of Federal Highway • 86% of units renovated with new flooring, granite kitchens, and stainless-steel appliances • Select units with in-unit washers & dryers, additional coin laundry machines for balance • High-impact windows throughout, central A/C, and new 2021 flat roof • Privately gated community with code entry • Individually metered electric; tenants responsible for electric and internet

Market Context

This multifamily in Hollywood, FL is listed for sale. It is offered at an approximate 5.8% capitalization rate, a key benchmark for income-producing multifamily assets. Compare it against other multifamily listings for sale in Hollywood, FL — view the full market.

As of Q4 2025, the Fort Lauderdale multifamily market showed a 5.1% vacancy rate, and average asking rents near $2414.00/unit/mo. Source: multiple brokerage reports, Q4 2025.

Tight vacancy keeps competition for quality space elevated.

Multifamily market FAQ

Is the Fort Lauderdale multifamily market tightening or softening?
Vacancy is around 5.1% (Q4 2025).

Contact

Explore this market

Similar Multifamily Property for Sale in Hollywood, FL