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1858 Fletcher St - Multifamily Development | 18 Units Approved Lot • Résidentiel • 0,19 Acres • 1 688 662 $ CAD • Hollywood, FL 33020
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FAITS SAILLANTS DE L'INVESTISSEMENT
- Fully approved plans and permitting allow for an immediate start on an 18-unit multifamily development, significantly reducing entitlement risk.
- Projected financials include an estimated gross income of $540,000 and a net operating income of $422,000, supporting attractive investor returns.
- Modern four-story design with covered parking, balconies, and large windows, positioned to capture the demand from today’s lifestyle-oriented renters.
- Prime Hollywood location offers access to major employers, retail and dining corridors, Hollywood Beach, and Fort-Lauderdale International Airport.
RÉSUMÉ DE L'ANNONCE
1858 Fletcher Street in Hollywood, Florida, offers an exceptional opportunity for investors and developers to launch a shovel-ready multifamily project in one of South Florida’s most sought-after markets. Spanning 8,000 square feet (0.19 acres), the property is offered for cash sale and includes fully approved plans and permitting for an 18-unit multifamily asset, allowing for a seamless transition from acquisition to development. Plans propose a four-story modern structure with ground-level covered parking, featuring sleek architectural lines, balconies, and expansive windows that align with today’s renter preferences.
The approved development is projected to deliver strong financial performance with an estimated gross income of $540,000 and a projected net operating income (NOI) of $422,000. Based on underwriting, the proposed building value is $7,675,000, positioning the asset for attractive returns upon stabilization and enhancing its long-term asset value in a supply-constrained submarket.
Situated just off Pembroke Road, just north of The Big Easy Casino, the property benefits from immediate access to a bustling commercial corridor filled with retailers, restaurants, and essential services that appeal to tenants. The location is approximately 10 minutes from Hollywood Beach’s renowned Broadwalk, a 2.2-mile pedestrian promenade with coastal views, outdoor cafes, and recreational paths. Additional connectivity includes 14 minutes to Fort Lauderdale-Hollywood International Airport (FLL) and approximately 20 miles to Downtown Miami, reinforcing the site’s appeal as a centrally located, lifestyle-driven multifamily investment.
The approved development is projected to deliver strong financial performance with an estimated gross income of $540,000 and a projected net operating income (NOI) of $422,000. Based on underwriting, the proposed building value is $7,675,000, positioning the asset for attractive returns upon stabilization and enhancing its long-term asset value in a supply-constrained submarket.
Situated just off Pembroke Road, just north of The Big Easy Casino, the property benefits from immediate access to a bustling commercial corridor filled with retailers, restaurants, and essential services that appeal to tenants. The location is approximately 10 minutes from Hollywood Beach’s renowned Broadwalk, a 2.2-mile pedestrian promenade with coastal views, outdoor cafes, and recreational paths. Additional connectivity includes 14 minutes to Fort Lauderdale-Hollywood International Airport (FLL) and approximately 20 miles to Downtown Miami, reinforcing the site’s appeal as a centrally located, lifestyle-driven multifamily investment.
BILAN FINANCIER (PRO FORMA - 2026) |
ANNUEL (CAD) | ANNUEL PAR AC (CAD) |
|---|---|---|
| Revenu de location brut |
754 600 $
|
4 056 989,19 $
|
| Autres revenus |
-
|
-
|
| Perte due à l’inoccupation |
15 092 $
|
81 139,78 $
|
| Revenu brut effectif |
739 508 $
|
3 975 849,40 $
|
| Taxes |
102 900 $
|
553 225,80 $
|
| Dépenses d’exploitation |
57 624 $
|
309 806,45 $
|
| Total des dépenses |
160 524 $
|
863 032,24 $
|
| Revenu net d’exploitation |
578 984 $
|
3 112 817,16 $
|
BILAN FINANCIER (PRO FORMA - 2026)
| Revenu de location brut (CAD) | |
|---|---|
| Annuel | 754 600 $ |
| Annuel par AC | 4 056 989,19 $ |
| Autres revenus (CAD) | |
|---|---|
| Annuel | - |
| Annuel par AC | - |
| Perte due à l’inoccupation (CAD) | |
|---|---|
| Annuel | 15 092 $ |
| Annuel par AC | 81 139,78 $ |
| Revenu brut effectif (CAD) | |
|---|---|
| Annuel | 739 508 $ |
| Annuel par AC | 3 975 849,40 $ |
| Taxes (CAD) | |
|---|---|
| Annuel | 102 900 $ |
| Annuel par AC | 553 225,80 $ |
| Dépenses d’exploitation (CAD) | |
|---|---|
| Annuel | 57 624 $ |
| Annuel par AC | 309 806,45 $ |
| Total des dépenses (CAD) | |
|---|---|
| Annuel | 160 524 $ |
| Annuel par AC | 863 032,24 $ |
| Revenu net d’exploitation (CAD) | |
|---|---|
| Annuel | 578 984 $ |
| Annuel par AC | 3 112 817,16 $ |
FAITS SUR LA PROPRIÉTÉ
| Prix | 1 688 662 $ CAD | Sous-type de propriété | Résidentiel |
| Type de vente | Investissement | Utilisation proposée | Unités d’appartements |
| Nombre de lots | 1 | Taille totale du lot | 0,19 AC |
| Type de propriété | Terrain | Zone de développement économique |
Oui
|
| Zonage | MF - MULTIFAMILIAL HOLLYWOOD | ||
| Prix | 1 688 662 $ CAD |
| Type de vente | Investissement |
| Nombre de lots | 1 |
| Type de propriété | Terrain |
| Sous-type de propriété | Résidentiel |
| Utilisation proposée | Unités d’appartements |
| Taille totale du lot | 0,19 AC |
| Zone de développement économique |
Oui |
| Zonage | MF - MULTIFAMILIAL HOLLYWOOD |
1 LOT DISPONIBLE
Lot
| Prix | 1 688 662 $ CAD | Taille du lot | 0,19 AC |
| Prix par AC | 9 081 271,75 $ CAD |
| Prix | 1 688 662 $ CAD |
| Prix par AC | 9 081 271,75 $ CAD |
| Taille du lot | 0,19 AC |
Corner lot spanning approximately 8,000 square feet, approved for a four-story multifamily building with 18 units. All plans are fully completed, and the property is permit-ready.
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Walk Score®
Très pratique à pied (86)
Bike Score®
Très cyclable (70)
Impôts fonciers
| Numéro de lot | 51-42-22-33-0250 | Évaluation totale | 113 229 $ CAD (2025) |
| Évaluation du terrain | 0 $ CAD (2025) | Impôts annuels | 102 900 $ CAD |
| Évaluation des bâtiments | 0 $ CAD (2025) | Année d’imposition | 2026 |
Impôts fonciers
Numéro de lot
51-42-22-33-0250
Évaluation du terrain
0 $ CAD (2025)
Évaluation des bâtiments
0 $ CAD (2025)
Évaluation totale
113 229 $ CAD (2025)
Impôts annuels
102 900 $ CAD
Année d’imposition
2026
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Présenté par
Bernii, Inc
1858 Fletcher St - Multifamily Development | 18 Units Approved
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