1843 Dewey Street
Value-add potential with minimal upgrades needed
Marketing description
1843 Dewey Street presents the opportunity to acquire a 27-unit multifamily asset located in the Parkside neighborhood of Hollywood, Florida. Positioned in one of Broward County’s most active rental corridors, the property benefits from strong local demand, limited new construction in the immediate area, and proximity to major employment, retail, and transportation hubs.
Originally constructed in the mid-1950s, the property consists of a two-story garden-style apartment community with a unit mix heavily weighted toward studios, offering attainable rental product in a supply-constrained submarket. The asset has historically maintained full occupancy, reflecting consistent renter demand and strong in-place operations.
The offering presents investors with the ability to implement a value-add strategy through interior upgrades, operational efficiencies, and rent alignment to market comparables.
The property benefits from proximity to employment centers throughout Broward County, retail corridors along Hollywood Boulevard, and established neighborhood services.
The area continues to attract investment due to its central location between Fort Lauderdale and Miami, access to public transportation, and relatively attainable housing stock compared to coastal submarkets.
Investment highlights
- 27-unit multifamily asset in Hollywood’s Parkside neighborhood
- Value-add potential with minimal upgrades needed
- Strong comparable rent support within 0.5-mile radius
- Located in established rental corridor with consistent demand
- Submarket: Parkside Neighborhood – Hollywood
- Adjusted Building SF (per property card): 8,855 SF
- Lot Size: 16.26 potential through capital improvements and repositioning
- 1843 Dewey Street is located in Hollywood’s Parkside neighborhood, a centrally positioned residential enclave providing access to:
- Downtown Hollywood
- Young Circle
- US-1 corridor
- Hollywood Beach
- I-95 and major east-west connectors
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