USD 2,499,000

605 and 609 S Ocean Dr
Hollywood, Florida 33019

For Sale

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.

Listed by Vera Realty LLC

Property Details

ID #
A10904040
Status
Sale
Type
Business Opportunity, Commercial, Business
Zip Code
33019
Year Built
1954
Building Feature
Air Conditioning
Location
Beach Access
Miscellaneous
Automobile Traffic
Storm Protection
Complete Impact Glass
Utilities
Internet
Zoning Information
39 / HOTELS, MOTELS

Similar Listings