1925 Rodman StHollywood, FL 33020
- Residential income properties
Property Details for 1925 Rodman St
- Year built
- 1926
- Property type
- Residential income properties
- Property subtype
- Multifamily properties
Description
This exceptional investment opportunity presents two adjacent properties at 1925 & 1927 Rodman St, Hollywood, FL 33020, totaling 10,844 sq ft. Currently configured as a four-unit apartment building, this 1926-built, single-story complex generates a substantial annual gross rent of $102,600, with a net operating income (NOI) of $100,648, yielding an attractive 7.74% cap rate. All four units are currently occupied by tenants. The property boasts significant upside potential, with zoning allowing for expansion up to five stories and eighteen units. This prime location offers convenient access to Hollywood Beach, just nine minutes away. Flood insurance is not required. Properties must be sold together. The asking price for this combined offering is $1,240,000.
Location Insight
- City
- Hollywood
- County
- Broward
- State
- Florida
- Latitude
- 26.0015
- Longitude
- -80.1457
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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