1925 & 1927 Rodman St, Hollywood, FL 33020 — two adjacent properties offered together with a combined lot size of 10,844 sq. ft. Zoned for redevelopment, the site allows for up to 5 stories and 18 units, making it a rare development opportunity in a highly sought-after area.
Currently, the properties feature 4 tenant-occupied units generating a gross annual rental income of $102,600. With an NOI of $100,648 and a strong 7.74% cap rate, this investment delivers both immediate income and long-term growth potential.
Just 9 minutes from Hollywood Beach, the location offers excellent proximity to shopping, dining, and entertainment. Flood insurance is not required.
Note: Properties must be sold together
1925-1927 Rodman St, Hollywood, FL, 33020
The rates and annual percentage rate (APR) displayed are based upon the following assumptions: a 20% down payment (e.g. $20,000 down on a $100,000 purchase price), conforming loan amount, $1,950 in finance charges, 30 days prepaid interest, 1 point, 30 day rate lock. The rates and annual percentage rate (APR) will vary depending upon the actual down payment percentages, points and fees for your transaction. Rates and the margin for adjustable rate mortgages [if applicable] are subject to change without prior notice and may vary with your unique credit history, and terms of your loan. The rates displayed vary by property state, may change or not be available at commitment or closing or may be subject to product restrictions.
The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first five years (for a 5/6 ARM) or seven years (for a 7/6 ARM) and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan. Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable -rate mortgages [if applicable], are subject to change without prior notice.
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