The Flats at Freedom Street

2316 Freedom Street,

Hollywood, FL 33020

Price:
$1,500,000
Total Units:
8
Number of Buildings:
2
Number of Stories:
1
Years Built:
1960
Zoning
RS-1
Living Area:
4,695 Square Feet (*BCPA)
Lot Size:
15,000 Square Feet (*BCPA)
Type of Ownership:
Fee Simple
Utilities – Water:
City of Hollywood – Paid by Owner
Utilities – Electric:
FPL – Paid by Tenant
HVAC:
Window & Wall Air Conditioning Units

INVESTMENT OVERVIEW

The Thomas Team of Marcus & Millichap are pleased to present The Flats at Freedom Street, an 8-unit multifamily property located at 2316 Freedom Street in Hollywood, Florida.

SUBJECT PROPERTIES

The Flats at Freedom Street consists of two single-story buildings constructed in 1960 of concrete block and painted stucco with shingle roofs. The property is comprised of two adjacent parcels totaling 15,000 square feet, according to the Broward County Property Appraiser. The primary parcel contains the apartment buildings, which include eight (8) two-bedroom/one-bathroom units totaling 4,695 square feet, while the adjacent parcel consists of approximately 2,500 square feet of vacant land, offering flexibility for additional parking, outdoor amenities, or potential future development.  Nearly all units have been renovated by current ownership and feature either vinyl wood-plank or ceramic tile flooring, with new kitchens and bathrooms, stainless steel appliances and window/wall air conditioning units.  There are 12 parking spaces.

LOCATION

The Flats at Freedom Street are located in central Hollywood, Florida, just west of Federal Highway (US-1) and proximate to major roadways including Sheridan Street and Stirling Road. The location offers convenient access to Downtown Hollywood, Dania Pointe, and the Fort Lauderdale–Hollywood International Airport, making it ideal for residents seeking a balance between suburban comfort and urban accessibility.

Surrounding area retailers and points of interest include Pollo Tropical (1.1 miles), Dave & Buster’s (1.1 miles), Miller’s Ale House (1.1 miles), Publix Super Market at West Lake Commons (1.2 miles), Memorial Urgent Care Center Hollywood (1.2 miles), Dunkin’ (1.2 miles), Wells Fargo Bank (1.3 miles), Oakwood Plaza (BJ’s, Home Depot, Burlington) (1.4 miles) and Jaxson’s Ice Cream Parlor & Restaurant (1.5 miles). Additionally, Dania Pointe (1.9 miles), West Lake Park (2.0 miles), Hollywood North Beach Park (2.7 miles), Fort Lauderdale–Hollywood International Airport (3.2 miles), and Port Everglades (4.6 miles) are just a short drive from the property.

Nearby educational facilities include Attucks Middle School (0.4 miles), Mary M. Bethune Elementary School (0.8 miles), South Broward High School (1.5 miles), and Dania Elementary School (1.7 miles).

SUMMARY

The Flats at Freedom Street are being offered for sale at $1,550,000 or $187,500 per unit.

INVESTMENT HIGHLIGHTS

  • 8-Units, All 2-Bedrooms on 15,000 SF Lot in Hollywood priced at $187,500 Per Unit
  • 1960 Single-Story CBS Construction, New Roofs in 2021, Most Units Renovated
  • Value Add Opportunity with Average In-Place Rent of Only $1,747 Per Month
  • Interiors Renovated w/New Kitchens, Baths, Stainless Appliances, New Flooring
  • Easy Access to Downtown Hollywood, Federal Highway and Interstate 95
  • 7.35% Population Growth Since 2010 and $93,538 AHI within 3-miles (Experian)

EXCLUSIVELY LISTED BY

JOSEPH THOMAS

Senior Managing Director Investments
Senior Director, National Multi Housing Group
Fort Lauderdale Office
Tel: (954) 245-3492
License: SL FL 3174354
joseph.thomas@marcusmillichap.com

ALEC DEMETRIOU

Director Investments
Fort Lauderdale Office
Tel: (954) 245-3586
FL SL 3328468
alec.demetriou@marcusmillichap.com
Southern Broward & Miami-Dade Counties

The Flats at Freedom Street