Basic Information
- MLS # A10904004
- Type Hotel Motel
- Status Closed
- Year Built 1954
- Total Sqft 3,197
- Date Listed 08/03/2020
- Days on Market 358
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.
Amenities
Exterior Features
- Waterfront No
- Parking Spaces 0
- Pool No
- Construction Type Block
- Parking Description Assigned, On Street
- Style Hotel Motel
Interior Features
- Adjusted Sqft 3,197Sq.Ft
- Cooling Description Central Air
- Floor Description Tile
- Heating Description Central
- Sqft 3,197 Sq.Ft
Property Features
- Address 605 and 609 S Ocean Dr
- Aprox. Lot Size 3,197
- Construction Materials Block
- Furnished Info no
- Listing Terms Cash
- Subdivision Complex
- Subdivision Info
- Tax Amount $0
- Tax Legal desc HOLLYWOOD BEACH 1-27 B LOT 17 LESS W 9 M/L FOR ST, BLK 14
- Tax Year 0
- Terms Considered Cash
- Type of Property Hotel Motel
605 and 609 S Ocean Dr
Hollywood, FL 33019Similar Properties For Sale
-
$3,090,0004 Beds3 Baths3,607 Sq.Ft970 San Pedro Ave, Coral Gables, FL 33156 -
$3,090,0003 Beds3.5 Baths3,385 Sq.Ft4190 Battersea Rd, Miami, FL 33133 -
$3,088,0004 Beds3.5 Baths3,896 Sq.Ft4561 Oak Tree Court, Delray Beach, FL 33445 -
$3,075,0003 Beds3.5 Baths3,457 Sq.Ft922 Palm Trail, Delray Beach, FL 33483 -
$3,061,0005 Beds5.5 Baths3,601 Sq.Ft919 Belle Meade Is Dr, Miami, FL 33138 -
$3,050,0003 Beds3.5 Baths3,390 Sq.Ft2890 N Ocean Dr, Hollywood, FL 33019
-
$3,050,0003 Beds3.5 Baths3,258 Sq.Ft920 Intracoastal Dr #1103, Fort Lauderdale, FL 33304 -
$3,050,0004 Beds4 Baths3,383 Sq.Ft14922 Paddock Dr, Wellington, FL 33414 -
$3,050,0004 Beds5.5 Baths3,219 Sq.Ft404 SE 4th Ave, Delray Beach, FL 33483 -
$3,050,0005 Beds3.5 Baths3,755 Sq.Ft119 Olympus Way, Jupiter, FL 33477
The multiple listing information is provided by the Miami Association of Realtors® from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2023-present Miami Association of Realtors®. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: Vera Realty LLC. tel: 305-833-3303
Real Estate IDX Powered by: TREMGROUP
