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Est. payment /mo
Active
Address not disclosed Hollywood, FL 33023
4,471 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 4,471 sqft
MLS Listing ID A12025025
Construction Status Resale
HOA Y/N No
Year Built 1959
Annual Tax Amount $21,434
Lot Size 10,454 Sqft
Acres 0.24
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.
Location
State FL
County Broward
Area 3100
Region Hollywood
City Region Hollywood
Interior
Fireplace No
Exterior
Parking Features Assigned
Road Frontage City Street
Total Parking Spaces 11
Building
Story 1
New Construction No
Construction Status Resale
Others
Pets Allowed No
Tax ID 514124140770
Security Features Security Fence
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Virtual Tour https://fastpropertylistings.com/6097-Rodman-St/idx
Listed by Eyal Melamed ISRAM Realty & Management