345 Monroe St,Detached, Quadruplex, Quadruplex, Fourplex, Hollywood Beach

345 Monroe St, Hollywood, Florida, 33019

Price $1,265,000.00

  • Lot size 1705
  • Year Build 1944
  • Waterfront
  • Zip 33019
  • Style Detached
  • Parking Description
  • Pool Yes
  • Status Active

Description

12% CAP Rate Amazing opportunity for investors wishing to do Vacation Rentals. Completely Remodeled Four Plex that consist of 3 One bedroom Units and 1 Studio Unit. Impact Windows and a roof top!!! 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 in good condition 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 studio 100-150 a day, depending on holidays and days of the week. Steps to ocean and restaurants.

Property is fully rented so contact listing agent for showings. Sellers want to purchase bigger hotel 50+ units, so they are selling this one. Also 609 S Ocean Dr is adjacent and for sale with 8 units available by same owner, so could be a package deal

HOLLYWOOD BEACH 1-27 B LOT 16 LESS ST BLK 14

1/4 To Less Than 1/2 Acre Lot

12% CAP Rate Amazing opportunity for investors wishing to do Vacation Rentals. Completely Remodeled Four Plex that consist of 3 One bedroom Units and 1 Studio Unit. Impact Windows and a roof top!!! 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 in good condition 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 studio 100-150 a day, depending on holidays and days of the week. Steps to ocean and restaurants.

City:Hollywood,Model:Multi Family,Zoning:08 / MULTI-FAMILY,List A O R:A-Miami Association of REALTORS,Tax Year:2019,Latitude:26.0083367,Malone Id:2034629775,Cooling Y N:1,Heating Y N:1,List Price:1265000,Listing Id:A10904128,Longitude:-80.1177117,Mls Status:Active,Year Built:1944,Directions:Monroe and S Ocean Dr,Inclusions:Beach Access,Postal Code:33019,Street Name:Monroe St,Coordinates:1:26.0083367,Photos Count:44,Builder Model:Multi Family,Building Name:HOLLYWOOD BEACH,Days On Market:204,Lot Size Units:Square Feet,M L S Area Major:Hollywood Beach,On Market Date:2020-08-03,Parcel Number:514213013160,Property Type:Residential Income,Rent Includes:1:Gardener,Stories Total:1,Street Number:345,M I A M I R E_ Style:Fourplex,Public Remarks:12% CAP Rate Amazing opportunity for investors wishing to do Vacation Rentals. Completely Remodeled Four Plex that consist of 3 One bedroom Units and 1 Studio Unit. Impact Windows and a roof top!!! 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 in good condition 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 studio 100-150 a day, depending on holidays and days of the week. Steps to ocean and restaurants.,Structure Type:1:Fourplex,County Or Parish:Broward County,Expiration Date:2021-08-03,Private Remarks:Property is fully rented so contact listing agent for showings. Sellers want to purchase bigger hotel 50+ units, so they are selling this one. Also 609 S Ocean Dr is adjacent and for sale with 8 units available by same owner, so could be a package deal,Standard Status:Active,Window Features:1:Blinds,Living Area Units:Square Feet,Major Change Type:Price Decrease,Postal Code Plus4:2003,Property Sub Type:Quadruplex,State Or Province:FL,Subdivision Name:HOLLYWOOD BEACH,Multi Family,Unparsed Address:345 Monroe St, Hollywood FL 33019,Listing Agreement:Exclusive Right To Sell,Year Built Details:Resale,Building Area Total:1705,Building Area Units:Square Feet,Lot Size Square Feet:1705,M I A M I R E_ L P Amt Sq Ft:977.0115,Original List Price:1275000,Previous List Price:1275000,Public Survey Range:51,Documents Available:1:Existing Survey,I D X Participation Y N:1,Number Of Units Total:4,Syndication Remarks:12% CAP Rate Amazing opportunity for investors wishing to do Vacation Rentals. Completely Remodeled Four Plex that consist of 3 One bedroom Units and 1 Studio Unit. Impact Windows and a roof top!!! 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 in good condition 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 studio 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:Call Listing Agent,Street Number Numeric:345,Tax Legal Description:HOLLYWOOD BEACH 1-27 B LOT 16 LESS ST BLK 14,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:1705,Contract Status Change Date:2020-08-03,Internet Address Display Y N:1,Number Of Units In Community:4,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 $1,265,000.00
  • Price Change: 2021-01-25
  • Lot size sq. ft.
  • Price per sq.ft.
  • Year Build 1944
  • Waterfront
  • View
  • Pool Yes
  • Style Detached
  • Construction CBS Construction
  • Parking Description
  • Flooring Type Tile
  • Property Type Residential Income
  • Status Active
  • Listed 2021-01-25
  • Days on Market 215
  • Furnished
  • City Hollywood
  • Zip 33019
  • State Florida
  • Subdivision HOLLYWOOD BEACH,Multi Family
  • Development Name HOLLYWOOD BEACH, HOLLYWOOD BEACH,Multi Family, Hollywood Beach
  • HOA Fees
  • Taxes 0
  • Taxes Year 2019