1730-1734 Fletcher St - Apartments FOR SALE


Hollywood, FL 33020- Parkside
$2,000,000 USD
1730-1734 Fletcher St, Hollywood, FL for Sale
$2,000,000 USD
Apartments - FOR SALE
1/7
null | 4.57% Cap Rate

1730-1734 Fletcher St
Hollywood, FL 33020
Parkside


HIGHLIGHTS

  • Multifamily Investment Opportunity
  • Prime Hollywood Location, Minutes to Downtown and Near Federal Highway & I-95
  • Strong In-Place Income with 5% Actual CAP Rate
  • Future Live Local Redevelopment Potential and Can build up to 85+ Units
  • Perfect for an Investor or Developer

OVERVIEW

1730–1734 Fletcher Street is an 8-unit multifamily investment opportunity located in the rapidly growing Hollywood rental market. The property consists of two adjacent apartment buildings situated on approximately 16,379 SF that are currently fully occupied and generating strong in-place cash flow with additional upside through future rental increases, continued renovations, lease-up opportunities, and operational improvements. Several units have already been updated with renovated interiors while the property benefits from strong tenant demand and a central location near Downtown Hollywood, Young Circle, Federal Highway, Dixie Highway, I-95, and Hollywood Beach. In addition to the existing multifamily income, the site also presents future long-term redevelopment oportunity under the Live Local Act with the ability to develop approximately 85+ units.

FOR SALE DETAILS

PRICE

$2,000,000 USD

PRICE/SF

$122 USD /SF

# OF UNITS

8

PRICE/UNIT

$250,000

CAP RATE

4.57%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1956

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.37 AC

LAND SF

16,200 SF

ZONING

RM-12, Hollywood

APN/PARCEL ID

51-42-22-09-0151

ASK ABOUT THIS PROPERTY

John DeMarcoRE/MAX 5 Star RealtyMore Info

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John DeMarcoRE/MAX 5 Star RealtyMore Info

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