Investment Overview

Marcus & Millichap, as exclusive listing agents, are pleased to offer for sale the Moffett & Fletcher Apartments, a covered land play consisting of 36 units situated on 1.42 acres of land located east of Federal Highway (US-1) in Hollywood, Florida. The properties are located at 1723-1739 Moffett Street, 1741-1742 Moffett Street and 1730-1734 Fletcher Street. SUBJECT PROPERTIES The Moffett & Fletcher Apartments were built between 1945-1956 and include (13) efficiencies, (22) one-bedroom | one-bathroom apartments and (1) two-bedroom | one-bathroom apartment. All buildings are constructed of concrete block and stucco. According to the Broward County Property Appraiser, the total building square-footage is 18,417 adjusted square-feet and 61,718 square-feet of land. MOFFETT STREET (28 Units, 1.04 Acres) • 1723-1739 Moffett Street consists of 20 units across 7 single-story buildings, constructed in 1945 of concrete block and stucco. The buildings feature shingle roofs and wall air conditioning units. According to the Broward County Property Appraiser, the total adjusted building square-footage is 10,025 square feet, and is situated on a 34,005-square-foot lot. The unit mix includes (7) efficiency apartments and (13) one-bedroom | one-bathroom apartments. • 1741-1743 Moffett Street consists of 8 units across 2 single-story buildings, constructed in 1953 of concrete block and stucco. The buildings feature shingle roofs and wall air conditioning units. According to the Broward County Property Appraiser, the total adjusted building square-footage is 3,504 square feet, situated on a 11,334 square-foot lot. The unit mix includes (6) efficiency apartments, (1) one-bedroom | one-bathroom apartment and (1) two-bedroom | one-bathroom apartment. FLETCHER STREET (8 Units, 0.38 Acres) • 1730-1734 Fletcher Street consists of 8 units across 4 single-story buildings, constructed in 1956 of concrete block and stucco. The buildings feature shingle roofs and wall air conditioning units. According to the Broward County Property Appraiser, the total adjusted building square-footage is 4,888 adjusted square feet, situated on a 16,379 square-foot lot. The unit mix includes (8) one-bedroom | one-bathroom apartments. LOCATION The Moffett & Fletcher Apartments are situated just east of Federal Highway (US-1) and Pembroke Road. The location is conveniently located to CVS (349 ft), The Big Easy Casino (0.3 miles), Dunkin’ (0.6 miles), Diplomat Shopping Mall (1.3 miles), Publix Super Market at Hallandale Place Shopping Center (1.4 miles), Chase Bank (1.4 miles), Crunch Fitness (1.4 miles), TD Bank (1.5 miles), Truist Bank (1.6 miles), Starbucks (1.6 miles), Gulfstream Park Racing & Casino (1.6 miles), the Hallandale Beach YMCA (1.6 miles), Walmart Supercenter (1.7 miles), Aventura Mall (2.9 miles) and Fort Lauderdale/Hollywood International Airport (5.6 miles). Nearby educational facilities include Hollywood Central Elementary School (0.9 miles), Colbert Elementary School (1.6 miles), South Broward High School (2.3 miles) and Olsen Middle School (3.2 miles). SUMMARY The Moffett & Fletcher Apartments are offered for sale free and clear of debt at $6,480,000 or $180,000 per unit.