Skip To Content
    Return to Previous Page

    605 and 609 S Ocean Dr

    Hollywood, FL 33019
    • $2,499,000
    • STATUS: Active
    • ON SITE: 165 days
    • MLS #: A10904004
    $2,499,000
    • 0
      BEDS
    • 0.07
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Type:
    Commercial
    Built:
    1954
    County:

    School Ratings & Info

    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.

    Monthly Payment Calculator



    Copyright 2021, Participating Associations/MLS’s in the SEFMLS, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. All rights reserved. The data relating to real estate for sale on this web site comes in part from the participating Associations/MLS’s in the Southeast Florida Regional Multiple Listing Service cooperative agreement, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2021, Participating Associations/MLS’s in the SEFMLS, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. All rights reserved. Use of search facilities of data on the site, other than a consumer looking to purchase real estate, is prohibited. Data last updated 2021-01-15T23:41:35.397.
    www.joannforsterteam.com/homes/108513164
    Print Image

    605 and 609 S Ocean Dr Hollywood, FL 33019

    • Price: $2,499,000
    • Status: Active
    • MLS #: A10904004
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.07
    Acres
    1954
    Built
    County:
    Broward
    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.
    Exterior Features

    Construction Materials Cbs Construction Lot Features Beach AccessCentral Business DistrictCorner LotNear Airport Parking Features AssignedOn Street Parking Total 4 Pool Private YN No Waterfront YN No

    Interior Features

    Building Area Total 3048 Cooling Central Building A/CCentral Individual A/C Flooring Tile Heating Central Building A/CCentral Individual A/C Stories Total 1

    Property Features

    Association YN No Building Name Hotel /Motel Business Type Hotel/MotelResidential-Multi-Family Cooling YN Yes Electric 101-200 Amps Heating YN Yes Horse YN No Internet Address Display YN Yes Internet Automated Valuation Display YN Yes Internet Entire Listing Display YN Yes Listing Terms All CashConventional/Refinance New Construction YN No Property Sub Type Hotel/Motel Public Survey Section 13 Security Features Smoke AlarmSmoke Detector(S)Security System Senior Community YN No Sewer Public Sanitation Special Listing Conditions Sale Tax Annual Amount 0 Water Source Public Year Built Details Resale

    Listing courtesy of Vera Realty Llc.


    Copyright 2021, Participating Associations/MLS’s in the SEFMLS, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. All rights reserved. The data relating to real estate for sale on this web site comes in part from the participating Associations/MLS’s in the Southeast Florida Regional Multiple Listing Service cooperative agreement, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2021, Participating Associations/MLS’s in the SEFMLS, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. All rights reserved. Use of search facilities of data on the site, other than a consumer looking to purchase real estate, is prohibited. Data last updated 2021-01-15T23:41:35.397.
     
    https://bt-photos.global.ssl.fastly.net/miami/1280_boomver_1_A10904004-2.jpg https://bt-photos.global.ssl.fastly.net/miami/1280_boomver_1_A10904004-2.jpg https://bt-photos.global.ssl.fastly.net/miami/1280_boomver_1_A10904004-2.jpg
    Logo
    Jo-Ann Forster Team
    2550 S. Bayshore Dr #106
    Miami FL, 33133