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South Side Park

$3,400,000

2022 Fletcher St, Hollywood, FL 33020

Active
Last Updated: 06/03/2025
 
 
Highlights:
  • Lot Features: City Location, Less Than 1 Acre
Description:

Shovel-Ready Multifamily Development Opportunity – Fully Approved 42-Unit Project in Hollywood / 2022-2026 Fletcher. An exceptional opportunity for developers to acquire a shovel-ready site with approved plans for a contemporary 5-story, 42-unit multifamily development. The project consists of 32 (1/1) units and 10 (2/2) units, with 58 parking spaces, a state-of-the-art fitness center, and a rooftop common area offering panoramic views. Strategically located in the heart of Hollywood, this site is ideally positioned to meet the surging demand for high-quality residential rental units in one of South Florida’s fastest-growing submarkets. Residents will enjoy unmatched access to downtown Hollywood, world-class beaches, vibrant dining and entertainment options, and nearby casino destinations.

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Today's Available Mortgage Rates

2022 Fletcher St, Hollywood, Florida 33020

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Interest Rate
Mo. Payments
Max LTV Max Loan to Value is determined by the participating lenders DSCR requirements and stated NOI for the property. If no NOI is present, a 5% Cap rate is used by default.
Loan Amount
Rates as of 06/28/2025
Agency*Lender #592
5 Year Fixed
30 Year Amortization
Interest rate 5.82% 5 Year Fixed
Mo. Payment$8,997 30 Year Amortization
Max LTV Max Loan to Value is determined by the participating lenders DSCR requirements and stated NOI for the property. If no NOI is present, a 5% Cap rate is used by default. 45% LTV $10,000 Lender fees
Loan Amount $1,530,000 Loan Amount
Agency*Lender #592
7 Year Fixed
30 Year Amortization
Interest rate 5.83% 7 Year Fixed
Mo. Payment$9,007 30 Year Amortization
Max LTV Max Loan to Value is determined by the participating lenders DSCR requirements and stated NOI for the property. If no NOI is present, a 5% Cap rate is used by default. 45% LTV $10,000 Lender fees
Loan Amount $1,530,000 Loan Amount
Agency*Lender #592
10 Year Fixed
30 Year Amortization
Interest rate 5.91% 10 Year Fixed
Mo. Payment$9,085 30 Year Amortization
Max LTV Max Loan to Value is determined by the participating lenders DSCR requirements and stated NOI for the property. If no NOI is present, a 5% Cap rate is used by default. 45% LTV $10,000 Lender fees
Loan Amount $1,530,000 Loan Amount
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