550 Biltmore Way, PH2 A&B, Coral Gables, FL 33134
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305-988-0693605 and 609 S Ocean DrHollywood, FL 33019ActiveVirtual TourSave
-1BD
0BA
1872SqFt
UPDATED
Key Details
Property Type Commercial
Sub Type Hotel/Motel
Listing Status Active
Purchase Type For Sale
Square Footage 1,872 sqft
Price per Sqft $1,334
Lot Size 3,197 Sqft
Year Built 1954
MLS Listing ID A10904004
Construction Status Resale
Total Units 8
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.
Location
State FL
County Broward County
Area 3010
Direction Monroe St and S Ocean Dr
Interior
Heating Central
Cooling Central Air
Flooring Tile
Window Features Impact Glass
Exterior
Waterfront No
Parking Type Assigned,On Street
Total Parking Spaces 4
Building
Story 1
Sewer Public Sewer
Water Public
Level or Stories One
Structure Type Block
Construction Status Resale
Others
Tax ID 514213013150
Security Features Security System,Smoke Detector(s)
Acceptable Financing Cash
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Listing provided by Vera Realty LLC
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550 Biltmore Way, PH2 A&B, Coral Gables, FL 33134
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