Price Reduction
Address
609 S Ocean Dr Hollywood, FL
Price
$ 2,475,000
Property Attributes
  • ML#A10964880
  • TypeIncome
  • CountyBROWARD
  • CityHollywood
  • Area3010
  • NeighborhoodHOLLYWOOD BEACH
  • Zip33019
  • StyleFourplex
  • Year Built1970
  • Taxes18406
  • Price$ 2,475,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage1872
Listing Provided Courtesy Of:
Vera Realty LLC
Data Source:
Southeast Florida MLS SEFMLS
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
12/1/2020 Listed $2,500,000
4/5/2021 1% - $2,475,000

General Features

Architectural Style Fourplex
Cooling Electric
Flooring Tile
Heating Electric
Levels One
MLS Area 3010
Pool Features None
Property SubType Quadruplex
Property Type ResidentialIncome
Rent Includes Electricity
Roof Concrete
Sewer PublicSewer
Terms Cash, Conventional
Year Built Details Resale
Zoning Description 39 / HOTELS, MOTELS

Interior Features

Air Conditioning Y/N Yes
Heating Y/N Yes
Living Area 1872.0

Exterior Features

Building Area Total 1872.0
Covered Spaces 0.0
Lot Features Item14to12AcreLot
Lot Size Units SquareFeet
Total Parking 4.0
Waterfront Y/N No

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 $1.37M
$2.48M
Taxes
AVG $13,753
$18,406
Visits
AVG 74
164
Year Built
AVG 1951
1970
Walkscore
AVG 52
54
Data Provided by Walkscore ® not using MLS data

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