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Glades Apts • Redevelopment Opportunity! 3 Multifamily Properties Offered at $8,875,716 CAD in Hollywood, FL
Investment Highlights
- Hollywood Redevelopment Opportunity
- Minutes to Downtown Hollywood and Near Federal Hwy & I-95
- Can Build Approx. 325+ Units under Live Local Act!
- Prime Hollywood Location
- Strong In-Place Income
- Ideal for Investor or Developer!
Executive Summary
This multifamily investment and redevelopment 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, operational improvements, and long-term redevelopment potential. 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. The assemblage also presents a significant covered land play opportunity with the ability to develop approximately 325+ units under the Live Local Act, making it an attractive opportunity for investors and developers seeking future multifamily density in an improving urban infill location.
Taxes & Operating Expenses (Actual - 2025) |
Annual (CAD) |
|---|---|
| Gross Rental Income |
$751,428
|
| Other Income |
-
|
| Vacancy Loss |
-
|
| Effective Gross Income |
$751,428
|
| Taxes |
-
|
| Operating Expenses |
-
|
| Total Expenses |
$185,077
|
| Net Operating Income |
$566,351
|
Taxes & Operating Expenses (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $751,428 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $751,428 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $185,077 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $566,351 |
Property Facts
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 1730-1734 Fletcher St, Hollywood, FL 33020 | Multifamily | 16,379 SF | 1956 | $2,752,160 CAD |
| 1741-1743 Moffett St, Hollywood, FL 33020 | Multifamily | 11,334 SF | 1953 | $2,064,120 CAD |
| 1723 -1739 Moffett St, Hollywood, FL 33020 | Multifamily | 10,025 SF | 1945 | $5,504,320 CAD |
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Glades Apts • Redevelopment Opportunity!
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