605 and 609 S Ocean Dr

Hollywood, FL
$ 2,499,000 Beds 0 Baths 0 Sq 1,872 Virtual Tour
Monthly Estimate* How much can I afford?

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.

Business Op

  • Price
  • $ 2,499,000
  • Lot Size
  • Bedrooms
  • 0
  • Sqr Footage
  • 1,872
  • Full Bathrooms
  • 0
  • Year Built
  • 1954
  • Half Bathrooms
  • 0
  • City, Zip
  • Hollywood
  • County
  • BROWARD
  • Style
  • Area
  • 3010
  • MLS#
  • A10904040
  • Zip
  • 33019
Listing Provided by: Vera Realty LLC

Features

General

Building Name Flamingo Rentals
Business Name Flamingo Rentals
Cooling CentralAir
Heating Central
MLS Area 3010
Property Type BusinessOpportunity
Terms Cash, Conventional
Zoning Description 39 / HOTELS, MOTELS

Interior Features

Air Conditioning Y/N Yes
Heating Y/N Yes

Exterior Features

Building Area Total 1872.0
Covered Spaces 0.0

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Affordability Calculator

$3,068

Per Month

Based on the average sale price from the Doral, FL office

  • Monthly Principal & interest $1,939
  • Monthly Property Taxes $1,062
  • Monthly Home Insurance $67
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Let's determine your purchasing power. Working with my mortgage partner, you'll have the information you need to shop for a home with confidence.

Default based on a 30-year fixed rate of 4.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA, or jumbo loans.

Schools

Elementary School Unknown Elementary School
Middle School Unknown Middle School
High School Unknown High School

Price History

8/3/2020 Listed $2,499,000

Property vs Zip Code Average in 33019

Price
AVG $2.47M
$2.5M
Visits
AVG 91
52
Year Built
AVG 1983
1954
Walkscore
AVG 56
54
Data Provided by Walkscore ® not using MLS data

Map

Areas That We Cover

605 and 609 S Ocean Dr Hollywood, FL is a Single Family Home for sale at $2499000 with 1872 sqft and a lot size of Acre(s). 605 and 609 S Ocean Dr Hollywood has 0 bedrooms, 0 baths and was built in 1954. The property's zip code is 33019 which is in Hollywood, FL

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 4.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

All information deemed reliable, but not guaranteed, and should be independently verified. The real estate information and related content displayed on this site is provided 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.