2601 Solano Ave. | Hollywood, FL 33024

300 Units

Built in 2012

Executive Summary

Monterra is a 300-unit affordable housing community located in Hollywood, FL. The property is conveniently located minutes from major transportation arteries, providing easy access to Pompano Beach, Fort Lauderdale, Boca Raton, and Miami city center, offering residents an abundance of shopping, dining, beaches, and entertainment venues. Parks, healthcare, employment, and public transportation are also nearby.

Broward County Public Schools (BCPS) is the sixth largest school district in the nation and the second largest in the state of Florida. Sixteen of the Public High Schools stand out for being among the best in the nation in the 2022 edition of U.S. News & World Report’s Best High Schools. Four of the schools are less than 15 minutes from the property including William T. McFatter Technical High School, which ranked in the top 2.5% of schools.

The property was built and placed in service in 2012 under the Section 42 Low-Income Housing Tax Credit (LIHTC) program. There are existing regulatory agreements in place which require all units to be rented to income qualifying residents earning no more than 50% and 60% of the Area Median Income (AMI) limits, which are provided by the Florida Housing Finance Corporation.

Monterra offers one, two, and three bedroom apartment homes that feature spacious kitchens with a full appliance package, a breakfast bar, modern cabinetry, a pantry, and granite countertops in both the kitchen and bathrooms. Units also come standard with a patio/balcony, window coverings, ceiling fans, walk-in closets in the primary bedroom, an in-unit washer & dryer, upgraded finishes, and open floorplans. The community offers residents secure gated entry, a clubhouse with kitchen, a computer lab, an on-site laundry facility, an on-site fitness center, picnic/bbq areas, a swimming pool with sun deck, a playground, indoor & outdoor lounge areas, and well maintained landscaping.

Units

300

Built

2012

Stories

Two & Three

Density

14.58

Acreage

20.58

Total Rentable SF

259,560

County

Broward

UNIT AMENITIES

 

  • Spacious Kitchens with Breakfast Bar, Pantry, and Granite Counters
  • In-Unit Washer & Dryers
  • Patio/Balcony
  • Walk-In Closets in the Primary Bedroom
  • Upgraded Finishes
  • Ceiling Fans

COMMUNITY AMENITIES

 

  • On-Site Fitness Center
  • Community Pool with Sundeck & Spa
  • Business Center
  • Clubhouse with Lounge & Kitchen
  • BBQ/Picnic Areas
  • Secure Gated Entry

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Contact Us

Boise Office

6225 North Meeker Place
Suite 210
Boise, ID 83713

Miami Office

1111 Brickell Ave.
Suite 1650
Miami, FL 33131

Investment Sales

Jeff Irish

Senior Managing Director
208.286.5013
jeff.irish@berkadia.com

Jordan Skyles

Director of Operations
208.631.4981
jordan.skyles@berkadia.com

Roberto Pesant

Senior Managing Director
305.975.5956
roberto.pesant@berkadia.com

Mortgage Bankers

Tim Leonhard

Senior Managing Director
214.360.3849
tim.leonhard@berkadia.com

Chris Crump

Managing Director
504.322.1196
chris.crump@berkadia.com

Berkadia®, a joint venture of Berkshire Hathaway and Jefferies Financial Group, is an industry leading commercial real estate company providing comprehensive capital solutions and investment sales advisory and research services for multifamily and commercial properties. Berkadia® is amongst the largest, highest rated and most respected primary, master and special servicers in the industry. This advertisement is not intended to solicit commercial mortgage loan brokerage business in Nevada. ​ ​

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