Description of this home

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 Details for this home

Parking Features

Assigned

Pool Private

No

Year Built Details

Resale

Building Information for this home

Building Name

Rodman Courtyard Apartments

Building Area Total

4471

Building Area Units

Square Feet

Association

No

Security Features

Security Fence

Property Information for this home

Lot Size Square Feet

10,602

Waterfront

No

View

No

Construction Materials

Concrete Block Construction

New Construction

No

Public Records for this home

Parcel Number

514124140770

Tax Annual Amount

$21,434

Tax Legal Description

BEVERLY PARK 25-44 B LOT 14,15 BLK 4

Zoning

S-MU

County Or Parish

Broward County

Location