Best Deal on the market. Priced to sell! Only $200K a door, and $365 a foot on 4 Lots. Toes in the sand in beautiful Hollywood Beach and Boardwalk. This is your opportunity to own a pride of ownership building. The building is well maintained with 8 large one bedroom units with separate dining rooms, large kitchens, and large living rooms, 4 Junior 1 bedrooms, and 4 studios.
Enjoy the many restaurants, walking on the boardwalk and the beach.
Prime investment property. Best priced beach property, steps to the beach and boardwalk. Lowest priced building per square foot, price per unit. Only $200K a unit and $365 a foot on 4 lots! Compare to others on the market, selling for $1000 per foot. The current owners have been renting the property to long term tenants for over 15 years.
Spacious units ideal for flexibility of long or short term rentals or combination. All units have full kitchen and most have separate dining room.
There is currently 3 vacancies and the other tenants are all month to month for maximum flexibility.
This is your opportunity to purchase a stable property with tons of upside and convert to Airbnb, VRBO, or motel to optimize cash flow.
Priced to Sell!! Price is firm! We have 40 year Certification completed, Fire Alarm with pull stations and strobe lights throughout.
Cap rate is based on pro forma short term rentals to match use with others on the market. Other properties with maximized cash flow as motels are only offering 5% cap rates with no upside.
