Hollywood, FL 33023
- $1,460,000
- List Price
- $1,460,000
- Days on Market
- 102
- Price Change
- ▼ $120,000 1788907340
- MLS#
- A12025025
- Year Built
- 1959
- Lot Size
- 10,602
- Building Name
- Rodman Courtyard Apartments
Property Description
Excellent investment opportunity in Hollywood! 10-unit multifamily property consisting of six 1-bedroom/1-bath units and four studio units. Current projected gross income approximately $165,300 annually, including laundry income. Unit 6 is currently vacant, providing immediate upside potential. Five units fully renovated, three partially renovated, and two in original condition. Property operates as a 10-plex with seven electric meters. Corner lot of approximately 10,000 SF offers potential future redevelopment opportunities. Strong tenant demand area with convenient access to major highways, shopping, dining, and employment centers. Projected NOI approximately $106,684 with an estimated cap rate of 6.28% based on projected income and expenses. Buyer to verify all income, expenses, zoning, measurements, and redevelopment potential. Financials, rent roll, and leases available upon request.
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Additional Information
- Taxes
- $21,434
- Community Features
- Not Found
- Property Description
- Free Standing
- Zoning
- S-MU
- Exterior Construction
- Concrete Block Construction
Listing Courtesy Of ISRAM Realty & Management, Contact: