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Moffett and Fletcher Apartments 3 Multifamily Properties Offered at $6,450,000 in Hollywood, FL
Investment Highlights
- Prime Hollywood Location
- 3 Adjacent Parcels with 36 Apartment Units
- Strong In-Place Income !
- Minutes to Downtown Hollywood and Near Federal Hwy & I-95
- Future Live Local Act Redevelopment Potential, can build up to ±325 Units !
Executive Summary
This multifamily investment opportunity consists of three adjacent parcels totaling 36 apartment units situated on approximately 61,718 SF in the rapidly growing Hollywood rental market. The portfolio currently generates strong in-place rental income with additional upside through future rental increases, continued renovations, lease-up opportunities, and operational improvements. Several units have been updated with renovated interiors while the properties benefit 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 assemblage also presents a future long-term redevelopment opportunity under the Live Local Act with the ability to develop approximately 325+ units.
Taxes & Operating Expenses (Actual - 2025) |
Annual |
|---|---|
| Gross Rental Income |
-
|
| Other Income |
-
|
| Vacancy Loss |
-
|
| Effective Gross Income |
$546,064
|
| Taxes |
-
|
| Operating Expenses |
-
|
| Total Expenses |
$249,267
|
| Net Operating Income |
$296,797
|
Taxes & Operating Expenses (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | - |
| Other Income | |
|---|---|
| Annual | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Effective Gross Income | |
|---|---|
| Annual | $546,064 |
| Taxes | |
|---|---|
| Annual | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Total Expenses | |
|---|---|
| Annual | $249,267 |
| Net Operating Income | |
|---|---|
| Annual | $296,797 |
Property Facts
| Price | $6,450,000 | Status | Active |
| Price / SF | $170.92 / SF | Number of Properties | 3 |
| Sale Condition | Bulk/Portfolio Sale | Individually For Sale | 3 |
| Cap Rate | 4.60% | Total Building Size | 37,738 SF |
| Sale Type | Investment or Owner User | Total Land Area | 1.42 AC |
| Price | $6,450,000 |
| Price / SF | $170.92 / SF |
| Sale Condition | Bulk/Portfolio Sale |
| Cap Rate | 4.60% |
| Sale Type | Investment or Owner User |
| Status | Active |
| Number of Properties | 3 |
| Individually For Sale | 3 |
| Total Building Size | 37,738 SF |
| Total Land Area | 1.42 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 1730-1734 Fletcher St, Hollywood, FL 33020 | Multifamily | 16,379 SF | 1956 | $2,000,000 |
| 1741-1743 Moffett St, Hollywood, FL 33020 | Multifamily | 11,334 SF | 1953 | $1,500,000 |
| 1723 -1739 Moffett St, Hollywood, FL 33020 | Multifamily | 10,025 SF | 1945 | $4,000,000 |
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Moffett and Fletcher Apartments