Address
605 and 609 S Ocean Dr Hollywood, FL
Price
$ 2,499,000
Property Attributes
  • MLS#A10904004
  • TypeCommercial
  • CountyBROWARD
  • CityHollywood
  • Area3010
  • Zip33019
  • StyleHotelMotel
  • Price$ 2,499,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size3,197 SqFt
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 Hotel /Motel
Cooling CentralAir
Electric Item100AmpService
Flooring Tile
Heating Central
Levels One
MLS Area 3010
Parking Features Assigned, OnStreet
Property SubType HotelMotel
Property Type CommercialSale
Security Features SecuritySystem, SmokeDetectors
Sewer PublicSewer
Structure Type HotelMotel, MultiFamily
Terms Cash, Conventional
Total Units 8
Year Built Details Resale
Zoning Description 39 / HOTELS, MOTELS

Interior Features

Air Conditioning Y/N Yes
Heating Y/N Yes
Window Features ImpactGlass

Exterior Features

Covered Spaces 0.0
Lot Size Area 3197.0
Lot Size Square Feet 3197.0
Number of Buildings 3
Road Frontage Type CityStreet
Total Parking 4.0
Water Source Public
Waterfront Y/N No

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult
  • 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 $2.68M
$2.5M
Visits
AVG 56
74
Year Built
AVG 1976
1954
Walkscore
AVG 42
54
Data Provided by Walkscore ® not using MLS data

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