Prime Investment Opportunity: 1815-1825 Mckinley St is a newly renovated 16-unit building, ideally situated on a massive 28,000 sqft lot in the heart of Hollywood and block from US-1. This property is an exceptional opportunity for both investors and developers. The building itself has been thoughtfully renovated to meet modern standards, offering attractive units with updated finishes and strong cashflow (current NOI $225,000). With an oversized lot and the potential for up to 61 units (plans available), this property provides a unique opportunity for future development and expansion. Whether you are looking to build additional units or simply capitalize on the strong demand for rental properties in this thriving location, the possibilities are endless.
1815 Mckinley 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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