1927 Rodman St Hollywood, FL 33020

This exceptional investment opportunity presents two adjacent apartment buildings located at 1927 Rodman St, Hollywood, FL 33020, totaling 2 units. Built in 1929, these properties sit on a combined 10,844 sq ft lot, offering significant upside potential. Currently generating a gross annual income of $102,600 with a Net Operating Income (NOI) of $100,648, this translates to an attractive 7.74% cap rate. The properties are zoned to allow for expansion up to five stories and 18 units, presenting a compelling opportunity for future development. All units are currently tenant-occupied. The properties are conveniently located just 9 minutes from Hollywood Beach and are being sold together. Flood insurance is not required. This is a rare chance to acquire a well-performing multifamily asset with substantial growth potential in a desirable location. The asking price for this combined property is $1,240,000.