Prime Redevelopment Opportunity!! The subject property is an 11-pod mobile home park positioned on a 21,785 SF parcel in central Hollywood, Florida. The property is 91% occupied and produces approximately $4,000 per month in income, offering stable cash flow in a strong affordable housing market. Zoned C-MU, the site provides significant redevelopment potential and can support an estimated 30 to 35 multifamily units with Flexibility or Replacement Units, subject to city approvals. The parcel features strong frontage, low operating expenses, and a strategic location near US-441, major retail corridors, public transit, and key employment centers. This asset offers a rare combination of reliable income and long-term development upside in a rapidly growing Broward County infill corridor.
6206 Buchanan St, Hollywood, FL, 33024
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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