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$2,475,000
281 days
Active With Contract • 0 BEDS • 0 BATHS • 0 SQFT
Price cut: -$24K / -0.96% (2021/04/04)

Overview

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.

Facts and features

Type:
Commercial Sale
Year Built:
1954
Heating:
• Central Building A/C • Central Individual A/C
Cooling:
• Central Building A/C • Central Individual A/C
Parking:
• Assigned • On Street
Lot:
No Data
Price/sqft:
No Data

Estimate

$782,000
Estimated sales range: $714,100 - $888,100

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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 ©2021-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