609 Ocean Dr,Attached, Quadruplex, Quadruplex, Fourplex, Hollywood Beach

609 Ocean Dr, Hollywood, Florida, 33019

Price $2,500,000.00

  • Lot size 1872
  • Year Build 1970
  • Waterfront
  • Zip 33019
  • Style Attached
  • Parking Description
  • 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 used as Airbnb, call listing agent

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

1/4 To Less Than 1/2 Acre Lot

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,Model:Hotel Motel,Zoning:39 / HOTELS, MOTELS,List A O R:A-Miami Association of REALTORS,Tax Year:2020,Latitude:26.0158324,Malone Id:2093450136,Cooling Y N:1,Heating Y N:1,List Price:2500000,Listing Id:A10964880,Longitude:-80.1170573,Mls Status:Active,Year Built:1970,Directions:S Ocean Dr and Monroe,Living Area:1872,Postal Code:33019,Street Name:Ocean Dr,Coordinates:1:26.0158324,Photos Count:87,Builder Model:Hotel Motel,Building Name:HOLLYWOOD BEACH,Days On Market:1,Listing Terms:1:Conventional,Lot Size Units:Square Feet,M L S Area Major:Hollywood Beach,On Market Date:2020-12-01,Parcel Number:514213013150,Parking Total:4,Property Type:Residential Income,Stories Total:1,Street Number:609,M I A M I R E_ Style:Fourplex,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.,Structure Type:1:Fourplex,County Or Parish:Broward County,Expiration Date:2022-01-01,Private Remarks:Currently used as Airbnb, call listing agent,Standard Status:Active,Living Area Units:Square Feet,Major Change Type:New,Postal Code Plus4:2007,Property Sub Type:Quadruplex,State Or Province:FL,Street Dir Prefix:S,Subdivision Name:HOLLYWOOD BEACH,Hotel Motel,Tax Annual Amount:18406,Unparsed Address:609 S Ocean Dr, Hollywood FL 33019,Listing Agreement:Exclusive Right To Sell,Year Built Details:Resale,Building Area Units:Square Feet,Lot Size Square Feet:1872,M I A M I R E_ L P Amt Sq Ft:1335.4701,Original List Price:2500000,Public Survey Range:51,I D X Participation Y N:1,Number Of Units Total:8,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:2020-12-01,Originating System I D:miamire,Public Survey Section:13,Showing Instructions:Appointment Only,Street Number Numeric:609,Tax Legal Description:HOLLYWOOD BEACH 1-27 B LOT 17 LESS W 9 M/L FOR 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:1872,Contract Status Change Date:2020-12-01,Internet Address Display Y N:1,Number Of Units In Community:2,Internet Consumer Comment Y N:1,Transaction Broker Compensation:2.5%,Internet Entire Listing Display Y N:1,Transaction Broker Compensation Type:%,M I A M I R E_ R A T I O_ Current Price_ By_ S Q F T:1335.47,Internet Automated Valuation Display Y N:1,

  • Price $2,500,000.00
  • Price Change: 2020-12-01
  • Lot size sq. ft.
  • Price per sq.ft.
  • Year Build 1970
  • Waterfront
  • View
  • Pool Yes
  • Style Attached
  • Construction CBS Construction
  • Parking Description
  • Flooring Type Tile
  • Property Type Residential Income
  • Status Active
  • Listed 2020-12-01
  • Days on Market 86
  • Furnished
  • City Hollywood
  • Zip 33019
  • State Florida
  • Subdivision HOLLYWOOD BEACH,Hotel Motel
  • Development Name HOLLYWOOD BEACH, HOLLYWOOD BEACH,Hotel Motel, Hollywood Beach
  • HOA Fees
  • Taxes 18406
  • Taxes Year 2020