1950 Fletcher St - Apartments FOR SALE


Hollywood, FL 33020- Parkside
$5,500,000 USD
786-671-0149
1950 Fletcher St, Hollywood, FL for Sale
$5,500,000 USD
Apartments - FOR SALE
1/1
null | Request Cap Rate

1950 Fletcher St
Hollywood, FL 33020
Parkside


HIGHLIGHTS

  • For sale by the original developer
  • Assumable financing at 4.0% interest rate
  • 5 minutes to Young Circle
  • 15 minutes to Fort Lauderdale-Hollywood International Airport (FLL)
  • 10 minutes to Hollywood Beach
  • 25 minutes to Miami International Airport (MIA)

OVERVIEW

Fletcher Apartments, nestled in the heart of Hollywood, Florida, at 1950 Fletcher Street, is a modern residential building consisting of 18 units completed in 2021. The property encompasses 13,761 net rentable square feet within a 19,433 gross square foot structure, set on a 21-acre lot. Offering a well-balanced mix of residences, Fletcher Apartments includes (9) 1-Bed/1-Bath units averaging 597 square feet, and (9) 2-Bed/2-Bath units averaging 932 square feet, making it an ideal home for professionals, families, and those seeking a sophisticated lifestyle in a prime location. Perfectly positioned for convenience, Fletcher Apartments places residents just moments away from the best that South Florida has to offer. Downtown Hollywood, a vibrant hub filled with dining, lively entertainment, and boutique shopping, is a mere 1.5 miles away from the offering. Fort Lauderdale (12 miles north) also houses a wide variety of staple and discretionary offerings that double as employment opportunities for those in the area. Miami, which happens to be one of the fastest growing cities in the world, is located less than 20 miles south, and offers countless employment and consumer opportunities. For those who crave the tranquility of the ocean, Hollywood Beach is located 3.5 miles east of the property, while Hallandale Beach is only 3 miles south. Families will find Fletcher Apartments ideally located near top-rated educational institutions. Colbert Elementary School, just 1 mile north, while McNicol Middle Magnet School, known for its magnet and STEM programs, is a 1.5 mile drive southwest. Hallandale High School, with about 1,000 students enrolled, is located just 2 miles south of the building. For healthcare and emergency services, residents enjoy peace of mind with easy access to essential facilities. Memorial Regional Hospital South, a leading medical center, is located 2 miles northwest. Public safety services are also within close reach, with the City of Hollywood Fire Station only 1.8 miles northwest, and the City of Hollywood Police Station located 2 miles away. When it comes to entertainment and everyday essentials, Fletcher Apartments places residents are within minutes of premier destinations. The Big Easy Casino, offering exciting gaming and nightlife, is just 1.5 miles southwest. Golf enthusiasts will appreciate the close proximity to Orangebrook Golf and Country Club, a serene 18-hole course situated just 2 miles from the property. Additionally, the bustling Hollywood Plaza is located 2 miles northwest, featuring a Publix Supermarket, OrangeTheory Fitness, Target, T-Mobile, FedEx Office, and H&R Block, ensuring that daily errands and leisure needs are easily met. Connectivity is effortless at Fletcher Apartments, thanks to its prime location near major thoroughfares. Pembroke Road (AADT = 22,000), an essential east-west corridor, is just 0.5 miles south of the offering. Hollywood Boulevard (AADT = 25,000), the main thoroughfare connecting Hollywood Beach, Downtown Hollywood, and West Hollywood, is 1 mile north of the property. I-95 (AADT = 250,000), one of South Florida’s primary north-south artery, is conveniently located 1.2 miles west, providing seamless access to Miami, Fort Lauderdale, and beyond. Meanwhile, US-1/South Dixie Highway, another critical transit route, is just 0.7 miles east of Fletcher Apartments. With its modern appeal, prime location, and unbeatable accessibility, Fletcher Apartments offers a lifestyle that blends comfort with the best of South Florida living. Whether enjoying the vibrant city life, relaxing by the beach, or taking advantage of top-tier amenities, residents will find themselves perfectly positioned to experience it all.

FOR SALE DETAILS

PRICE

$5,500,000 USD

PRICE/SF

$283 USD /SF

# OF UNITS

18

PRICE/UNIT

$305,556

CAP RATE

Request Cap Rate

% LEASED

95%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

2021

PARKING SPACES

20

LAND DETAILS

LAND ACRES

0.21 AC

LAND SF

8,946 SF

ZONING

Pembroke Road District

APN/PARCEL ID

51-42-22-15-0320

ASK ABOUT THIS PROPERTY

Deme MekrasMSP Group LLCMore Info
786-671-0149

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Deme MekrasMSP Group LLCMore Info
786-671-0149

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.