605 and 609 Ocean Dr,Hotel/Motel, Hotel, Hotel Non-Waterfront, Hotel/Motel, Residential-Multi-Family

605 and 609 Ocean Dr, Hollywood, Florida, 33019

Price $2,499,000.00

  • Lot size 3197
  • Year Build 1954
  • Waterfront
  • Zip 33019
  • Style
  • Parking Description Assigned, On Street
  • Pool Yes
  • Status Active

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.

Currently All the units are rented. Monthly leases are 1300 per studio and 1900 per one bedroom unit. Property can get much higher income if the new owner wishes to do vacation rentals. Call Listing Agent for more details.

HOLLYWOOD BEACH 1-27 B LOT 17 LESS W 9 M/L FOR ST, BLK 14

Beach Access, Central Business District, Corner Lot, Near Airport

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.

City:Hollywood,Zoning:39 / HOTELS, MOTELS,Cooling:1:Central Individual A/C,Heating:1:Central Individual A/C,List A O R:A-Miami Association of REALTORS,Latitude:26.0084678,Cooling Y N:1,Heating Y N:1,List Price:2499000,Listing Id:A10904004,Longitude:-80.1176245,Mls Status:Active,Year Built:1954,Directions:Monroe St and S Ocean Dr,Inclusions:Building & Land,Business,Furniture,Postal Code:33019,Street Name:Ocean Dr,Tenant Pays:1:Management,Coordinates:1:26.0084678,Lot Features:1:Central Business District,2:Corner Lot,3:Near Airport,Photos Count:62,Building Name:Hotel /Motel,Business Type:1:Residential-Multi-Family,Days On Market:204,Lot Size Units:Square Feet,On Market Date:2020-08-03,Parcel Number:514213013150,Parking Total:4,Property Type:Commercial Sale,Stories Total:1,Street Number:605 and 609,Open Parking Y N:1,Public Remarks: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.,County Or Parish:Broward County,Expiration Date:2021-09-01,Private Remarks:Currently All the units are rented. Monthly leases are 1300 per studio and 1900 per one bedroom unit. Property can get much higher income if the new owner wishes to do vacation rentals. Call Listing Agent for more details.,Standard Status:Active,Living Area Units:Square Feet,Major Change Type:New,Parking Features:1:On Street,Postal Code Plus4:2007,Property Sub Type:Hotel/Motel,State Or Province:FL,Street Dir Prefix:S,Unparsed Address:605 and 609 S Ocean Dr, Hollywood FL 33019,Listing Agreement:Exclusive Right To Sell,Security Features:1:Smoke Detector(s),2:Security System,Year Built Details:Resale,Building Area Total:3048,Building Area Units:Square Feet,Lot Size Square Feet:3197,Number Of Buildings:3,Original List Price:2499000,Public Survey Range:51,I D X Participation Y N:1,Syndication Remarks: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.,Listing Contract Date:2020-08-03,Originating System I D:miamire,Public Survey Section:13,Showing Instructions:Appointment Only,Street Number Numeric:605,Tax Legal Description:HOLLYWOOD BEACH 1-27 B LOT 17 LESS W 9 M/L FOR ST, BLK 14,Electric On Property Y N:1,Public Survey Township:51,Originating System Name:Miami Association of REALTORS?,Sub Agency Compensation:2.5%,M I A M I R E_ Adjusted Area S F:1872,Contract Status Change Date:2020-08-03,Internet Address Display Y N:1,Number Of Units In Community:8,Internet Consumer Comment Y N:1,Transaction Broker Compensation:2.5%,Internet Entire Listing Display Y N:1,Transaction Broker Compensation Type:%,Internet Automated Valuation Display Y N:1,

  • Price $2,499,000.00
  • Price Change: 2020-08-03
  • Lot size sq. ft.
  • Price per sq.ft.
  • Year Build 1954
  • Waterfront
  • View
  • Pool Yes
  • Style
  • Construction CBS Construction
  • Parking Description Assigned, On Street
  • Flooring Type Tile
  • Property Type Commercial Sale
  • Status Active
  • Listed 2020-08-03
  • Days on Market 210
  • Furnished
  • City Hollywood
  • Zip 33019
  • State Florida
  • Subdivision
  • Development Name Hotel /Motel
  • HOA Fees
  • Taxes 0
  • Taxes Year