Discover REDEVELOPMENT OPPORTUNITY!
Explore Westchester Arms, 10 co-ops on prime land! mix and match Airbnb and/or yearly rentals.
Explore Westchester Arms, 10 co-ops on prime land! mix and match Airbnb and/or yearly rentals.
The 1501 is a coop building owned by Wesrchester arms inc. for sale by premier real estate service led by John DeMarco, Broker/Owner of Re/Max 5 Star Realty. INVESTMENT HIGHLIGHTS
EXECUTIVE SUMMARY
This 10-unit apartment is centrally located in Hollywood, FL, just 3 miles from Hollywood Beach and Broadwalk. The 8,250 SF building sits on a 14,800 SF lot, with units ranging from 825 to 900 SF, 8 apartments feature a 1 bed/1 bath layout and 2 apartments feature a 2 bed / 1 bath. All 10 units are corner units with windows on both sides of the building. Positioned near Port Everglades, Fort Lauderdale-Hollywood International Airport, and major transit routes, the property benefits from strong business appeal and growing residential demand. This is a rare investment opportunity in a rapidly developing market. Currently set up as a co-op. All 10 units are included in sale. Can also be converted to apartments or condos.
PROPERTY FACTS
Price $2,500,000
Price Per Unit $250,000
Sale Type Investment
Sale Condition Redevelopment Project
No. Units 10
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low-Rise
Building Class C
Lot Size 0.35 AC
Building Size 11,278 SF
Average Occupancy 100%
No. Stories 2
Year Built 1970
Parking Ratio 0.8/1,000 SF
Zoning
RM-18 - Residential Multifamily Mid Rise/Medium High Density District
John DeMarco, Broker/owner of Re/Max 5 Star Realty, did personally evaluated the property
at 1501 Arthur St, Hollywood, FLORIDA also known as Westchester Arms inc.
Below is his opinion of said values for this property. The subject property is Westchester Arms inc. It consists of 10 co-operative units. The property sits on a 14,620 Sq.Ft. lot. The value of the development site of this size is $2,500,000. If sold as a development opportunity, 4 story high can be done!!
Text or call now (954) 678-8733
John DeMarco Broker / Owner
RE/MAX 5 Star Realty
*****Natalia Tkacz Commercial Specialist
English, Polish
text or call: +1 (954) 279-6037
*****
Tu as entendu parler du rapport d’évaluation immobilière pour Westchester Arms à Hollywood ?
Non, pas du tout. De quoi s'agit-il ?
Eh bien, c’est un immeuble en coopérative avec 10 unités, situé sur Arthur Street. Apparemment, il se trouve sur un terrain assez grand – plus de 14 000 pieds carrés.
Waouh, c’est une belle superficie. Le rapport mentionne-t-il quelque chose sur sa valeur ?
Oui, en effet. Le courtier de RE/MAX 5 Star Realty estime sa valeur à 2,5 millions de dollars s’il est vendu comme une opportunité de développement.
C’est intéressant. On dirait que ça pourrait être un bon investissement pour quelqu’un qui cherche à développer dans ce secteur.
שמעת על הנכס החדש שנמכר ברחוב ארתור? זה הבניין הישן עם 10 יחידות דיור. כן, שמעתי משהו על זה. זה לא הבניין הזה שקוראים לו ווסטצ'סטר ארמס? מה קורה איתו? בדיוק. שמעתי שהברוקר ג'ון דמרקו מרי/מקס העריך אותו. הוא אומר שהשווי של המגרש לבד הוא שני וחצי מיליון דולר. וואו, זה המון כסף. מה הם מתכננים לעשות עם זה? לפי דמרקו, יש פוטנציאל לבנות שם בניין בן 4 קומות. זה יכול להיות הזדמנות פיתוח מעולה למישהו עם ההון הנכון. מעניין מאוד. נראה שהשכונה הזאת ממש מתפתחת. אולי כדאי לנו לבדוק את זה, מה דעתך?
******
Hai sentito dell'opportunità immobiliare a Hollywood, in Florida? Si tratta di un complesso chiamato Westchester Arms. No, non ne ho sentito parlare. Puoi dirmi di più? Sembra interessante. Certo. È un edificio con 10 unità cooperative situato su un terreno di circa 1.360 metri quadrati. Il valore stimato come sito di sviluppo è di 2,5 milioni di dollari. Wow, sembra un'ottima opportunità. C'è la possibilità di sviluppare ulteriormente la proprietà? Assolutamente sì. Secondo il broker, c'è il potenziale per costruire fino a quattro piani se venduto come opportunità di sviluppo. È un'opzione molto interessante per gli investitori. Fantastico. Potrebbe essere un investimento redditizio. Forse dovremmo contattare il broker per maggiori informazioni e magari organizzare una visita. To whom it may concern, Text or call now (954) 678-8733 John DeMarco
*****$
Привет. Я слышал, что ты недавно оценивал недвижимость в Голливуде, Флорида. Можешь рассказать подробнее? Да, конечно. Я оценивал кооперативный комплекс Westchester Arms на Артур-стрит. Это интересный объект с большим потенциалом. Звучит интригующе. Какие особенности у этого объекта? Комплекс состоит из 10 кооперативных квартир и расположен на участке площадью 14,620 квадратных футов. Оценочная стоимость участка как площадки для застройки составляет 2,5 миллиона долларов. Ого, звучит впечатляюще. А есть ли какие-то перспективы для развития этого объекта? Определенно. Если продавать как возможность для застройки, там можно построить здание высотой до 4 этажей. Это отличная инвестиционная возможность для правильного покупателя.
******
Hey, did you hear about that property evaluation report for Westchester Arms in Hollywood? No, I haven't. What's it about? Well, it's a co-op building with 10 units on Arthur Street. Apparently, it's sitting on a pretty big lot - over 14,000 square feet. Wow, that's a decent size. Did the report mention anything about its value? Yeah, it did. The broker from RE/MAX 5 Star Realty estimates the value at $2.5 million if it's sold as a development opportunity. That's interesting. Sounds like it could be a good investment for someone looking to develop in that area.
Słyszałeś o raporcie z wyceny nieruchomości Westchester Arms w Hollywood?
Nie, nie słyszałem. O co chodzi?
To budynek typu co-op z 10 lokalami, przy ulicy Arthur. Podobno stoi na całkiem dużej działce – ponad 1300 metrów kwadratowych.
Wow, to całkiem spora powierzchnia. Czy w raporcie była mowa o jego wartości?
Tak, była. Pośrednik z RE/MAX 5 Star Realty oszacował wartość na 2,5 miliona dolarów, jeśli zostanie sprzedany jako działka inwestycyjna.
To ciekawe. Wygląda na to, że to może być dobra inwestycja dla kogoś, kto chce budować w tej okolicy.
Located in the heart of HOLLYWOOD,The 1501, this location is just steps away from the city's best restaurants, shops, and entertainment venues. With easy access to public transportation and major highways, you'll be able to get anywhere in the city in no time.
Minutes from the beach and Fort Lauderdale international airport!!!
Ready to see this stunning location for investment? Contact us today to schedule a private tour and experience luxury living in the heart of The 1501.
01/33
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We love our customers, so feel free to visit during normal business hours.
+Text or call NOW: (954) 678-8733
John DeMarco Broker / Owner
RE/MAX 5 Star Realty
+Natalia Tkacz Commercial Specialist
English, Polish
text or call NOW:: +1 (954) 279-6037
1501 Arthur Street, Hollywood, FL 33020, USA
Michel VILLENEUVE: (514) 984-0022 president of the coop at Westchester arms inc. GOLF2007FLL@gmail.com
Mon | 09:00 am – 05:00 pm | |
Tue | 09:00 am – 05:00 pm | |
Wed | 09:00 am – 05:00 pm | |
Thu | 09:00 am – 05:00 pm | |
Fri | 09:00 am – 05:00 pm | |
Sat | Closed | |
Sun | Closed |
Redevelopment Opportunity
Explore 1501 Arthur Street in Hollywood, FL—a prime commercial building for sale, ideal for redevelopment or investment in thriving South Florida.
Located in the heart of The 1501, this commercial building is just steps away from the city's best restaurants, shops, and entertainment venues. With easy access to public transportation and major highways, you'll be able to get anywhere in the city in no time.
While many commercial buildings hit the market every year, few offer the unique redevelopment possibilities and strategic advantages that this property presents.
One of the most compelling aspects of 1501 Arthur Street is its location. Positioned near US-1, I-95, and the Florida Turnpike, the building offers seamless access for clients, tenants, and logistics. Whether you envision retail, office, mixed-use, or even specialized commercial uses, proximity to key transportation arteries is a significant advantage.
Moreover, the property sits just blocks from Downtown Hollywood, a district that has seen significant investment and revitalization in recent years. Restaurants, entertainment venues, and cultural attractions have made the area increasingly desirable for businesses and consumers alike.
- Retail stores
- Professional office spaces
- Medical facilities
- Hospitality ventures
- Mixed-use concepts combining commercial and residential components
The site’s lot size and building layout make it an attractive candidate for renovation, expansion, or complete reimagining, depending on your business goals and vision.
Capitalizing on Hollywood’s Growth
Hollywood, FL, has evolved from a quiet coastal town into a dynamic urban destination. City initiatives focused on economic development, business incentives, and downtown revitalization have boosted commercial activity. Investors seeking properties in high-growth zones will find Hollywood’s commercial market particularly compelling.
According to recent real estate data, demand for commercial properties in Hollywood remains robust, driven by migration trends, tourism, and business expansions throughout South Florida. For developers, this signals the potential for solid returns on investment when undertaking well-planned redevelopment projects.
### Why 1501 Arthur Street Stands Out
While there are many commercial listings in the region, few offer the same blend of:
- Strategic location
- Zoning flexibility
- Proximity to major redevelopment corridors
- A solid structural footprint ready for creative transformation
For investors seeking to tap into South Florida’s thriving real estate market, 1501 Arthur Street represents more than just a building—it’s a chance to create a significant footprint in an expanding community.
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**Explore the Opportunity Today**
Are you a developer, investor, or business owner looking for your next profit project in South Florida? 1501 Arthur Street is your perfect fit. Visit [the1501.com](https://the1501.com) or contact us today for more details, tours, and pricing information.
If you’re considering entering Hollywood, Florida’s booming short-term rental market, a 1-bedroom apartment can be a smart way to start. These units attract tourists, business travelers, and couples looking for affordable stays close to beaches, nightlife, and major attractions.
Here’s a 2025 market snapshot—and what investors can expect from owning a 1-bedroom Airbnb in Hollywood.
## 📊 Hollywood Airbnb Market Snapshot (1-Bedroom Units)
Based on 2024–2025 data:
- **Average Daily Rate (ADR):** $147 – $227 per night
- **Occupancy Rate:** ~48% median
- **Annual Nights Booked:** ~252 nights
- **Median Annual Revenue:** $28,000 – $57,300
- **Peak Monthly Revenue (High Season):** ~$3,800 – $6,100
- **Low Monthly Revenue (Off-Season):** ~$1,500 – $2,800
(Source: [AirROI](https://www.airroi.com/report/world/united-states/florida/hollywood?utm_source=chatgpt.com), [Airbtics](https://airbtics.com/annual-airbnb-revenue-in-hollywood-florida-usa/?utm_source=chatgpt.com))
## 🔍 Seasonality: When Do 1-Bedrooms Perform Best?
- **High Season:** March and April
- ADR jumps to $280 – $356/night
- Occupancy up to ~73%
- **Low Season:** September
- ADR dips to ~$140 – $170/night
- Occupancy can fall below 40%
---
## 💡 Expense Considerations
Investors should plan for:
- Cleaning fees ($60–$125 per stay)
- Airbnb service fees (~3% host fee)
- HOA fees (if condo)
- Property management (10–25% of revenue if outsourced)
- Local licenses & taxes (Hollywood has STR regulations but is less restrictive than Miami)
---
## 🚀 Profitability Scenarios for 1-Bedroom Apartments
### Conservative Scenario
- ADR: $147/night
- Occupancy: 25%
- Revenue: ~$7,300/year
### Median Performer
- ADR: $227/night
- Occupancy: 48%
- Revenue: ~$57,300/year
### High Performer
- ADR: $290–$346/night
- Occupancy: 65–69%
- Revenue: $66,000+/year
Profitability varies depending on:
- Location within Hollywood (e.g. proximity to beach, Downtown, highways)
- Amenities offered (pool, parking, modern finishes)
- Quality of photos and listing
- Guest reviews
## ✅ Tips to Maximize ROI on a 1-Bedroom
- **Highlight Walkability:** Many visitors prefer properties near restaurants, beach, or Downtown.
- **Flexible Minimum Stays:** Mix short stays (1–2 nights) with longer bookings to capture business travelers.
- **Upgrade Essentials:** Guests expect Wi-Fi, air conditioning, modern furnishings, and spotless cleaning.
- **Dynamic Pricing Tools:** Use tools like PriceLabs or Beyond Pricing to maximize rates during peak weeks.
- **Gather Reviews Early:** Great reviews are crucial for visibility and higher occupancy.
---
## 🔎 Example Revenue Math
Here’s how a solid-performing 1-bedroom might look:
- ADR: $227/night
- Nights booked: 252
- Gross Revenue: $57,300
- Less expenses (estimate):
- Cleaning fees: ~$4,500/year
- Airbnb fees: ~$1,700
- Misc. costs (utilities, supplies, repairs): ~$5,000
- **Estimated Net Revenue:** ~$46,000/year
This net yield can translate to ~8–12% ROI depending on property purchase price.
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## 🧭 Is a 1-Bedroom Airbnb Worth It in Hollywood?
✅ Lower acquisition costs than larger units
✅ Strong tourism draw from beaches, entertainment, and central location
✅ Year-round demand, despite seasonal dips
✅ High potential returns with proper management
Hollywood remains one of South Florida’s more accessible markets for first-time Airbnb investors. A well-located 1-bedroom unit can generate solid income, especially with proactive marketing and professional property management.
---
**Explore Opportunities**
Considering buying a 1-bedroom investment property in Hollywood, FL? Visit [the1501.com](https://the1501.com) for insights, listings, and expert guidance on navigating the Hollywood market in 2025.
Our property has 2 units with 2 bedrooms and 8 units of one bedroom.
All 10 units are corner units to benefit from the maximum luminosity available.
The land is owned(not leased( by Westchester arms inc. 1501 arthur street hollywood, FLORIDA 33020
Experience the ultimate beach lifestyle with this property, including opportunities for swimming, surfing, and relaxing on the sand.
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