Address
605 and 609 S Ocean Dr Hollywood, FL
Price
$ 2,499,000
Property Attributes
  • MLS#A10904040
  • TypeBusiness Op
  • CountyBROWARD
  • CityHollywood
  • Area3010
  • Zip33019
  • Style
  • Price$ 2,499,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage1872
Listing Provided Courtesy Of:
Vera Realty LLC
Property Description

12% CAP Rate Amazing opportunity for investors wishing to do Vacation Rentals. Zoned for Hotel, Completely Remodeled 8 units that consist of 3 One bedroom Units and 5 Studio Units. Impact Windows throughout!!! You do not need a vacation rental license to perform business in this unit. It is allowed per Hollywood zoning laws. Units are fully rented by Airbnb and have a good database of repeated customers. Roof is new and units are fully remodeled with porcelain floors, spot lights and brand new bathrooms. Seller will provide all the current bookings for next months so new buyer can earn income right from closing date. One bedroom units are currently rented for 150-200 dollars a day and studios 100-150 a day, depending on holidays and days of the week. Steps to ocean and restaurants.

Price History
8/3/2020 Listed $2,499,000

General Features

Building Name Flamingo Rentals
Business Name Flamingo Rentals
Cooling CentralAir
Heating Central
MLS Area 3010
Property Type BusinessOpportunity
Terms Cash, Conventional
Zoning Description 39 / HOTELS, MOTELS

Interior Features

Air Conditioning Y/N Yes
Heating Y/N Yes

Exterior Features

Building Area Total 1872.0
Covered Spaces 0.0
Lot Size Units SquareFeet

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 33019

Price
AVG $2.21M
$2.5M
Visits
AVG 101
81
Year Built
AVG 1982
1954
Walkscore
AVG 57
54
Data Provided by Walkscore ® not using MLS data

Looking for a more comfortable experience?

Download our mobile app for a personalized browsing experience.

Areas We Cover