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$ 1,699,000
Est. payment /mo
New
Address not disclosed Hollywood, FL 33023
4,471 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 4,471 sqft
Price per Sqft $380
MLS Listing ID A12025025
Style Detached
HOA Y/N No
Year Built 1959
Annual Tax Amount $21,434
Lot Size 10,602 Sqft
Property Sub-Type Multi Family
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.
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.
Location
State FL
County Broward
Area 3080
Exterior
Total Parking Spaces 11
Private Pool Yes
Building
Architectural Style Detached
Structure Type Block
Others
Tax ID 514124140770
Security Features Fenced
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Virtual Tour https://fastpropertylistings.com/6097-Rodman-St/idx
Listed by ISRAM Realty & Management
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