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Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Sold
Purchase Type For Sale
Square Footage 1,700 sqft
Price per Sqft $705
Subdivision Hollywood Beach First Add
MLS Listing ID A11907929
Year Built 1941
Annual Tax Amount $20,773
Tax Year 2024
Property Sub-Type Triplex
Property Description
JUST REDUCED $800,000! Currently 6-8% CAP RATE. Are you a developer? Check the zoning which allows you to build a 5-story 18 room hotel which is the absolute best use of this opportunity by combining the adjacent lot at 326 Oklahoma, also for sale. We have an architect already approved to help you! While you wait for that, discover a rare opportunity to own a luxury, fully renovated LEGAL triplex (4 BR / 4 Bath) located in the exclusive Resort Zone of Hollywood Beach, just steps from the ocean & world-famous Boardwalk. Completely remodeled in 2016, this turnkey property features three beautifully furnished units, each with private entrances, modern interiors, stainless steel appliances, & independent A/C, water, & electric meters. Currently operating as high-performing Airbnb vacation rentals, the property enjoys exceptional occupancy rates, making it ideal for investors seeking strong cash flow. Additional highlights include impact windows, a shared laundry facility, access to biking, kayaking, paddleboarding, boating. All furniture incl. Property is a fully operational STR for over 5 years. You're not just buying real estate, you're buying a business with an established repeat revenue stream that comes directly to you. Which means you don't need to pay fees to airbnb or other platforms. List of repeat tenants included in the price. Seller financing available, at least 30% down, 6% interest, 3-5 yr balloon, and seller in 1st position ONLY!
Location
State FL
County Broward
Community Hollywood Beach First Add
Area 3010
Zoning BRT-25-C
Interior
Heating Central, Electric
Cooling Central Air, Ceiling Fan(s), Electric
Flooring Ceramic Tile
Exterior
Pool None
Utilities Available Cable Available
Waterfront Description Ocean Access,Ocean Front,Other
Roof Type Concrete,Other
Building
Lot Description < 1/4 Acre
Story 1
Sewer Public Sewer
Structure Type Block
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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Bought with Keller Williams Capital Realty
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