Hollywood, FL 33019

Property

Ownership: For Sale
Type: Unknown
Pets: No Pets Allowed

Financials

Price:$3,500,000
Annual Taxes:$43,172
888 Biscayne Blvd # Unit CU9 Miami, FL 33132
Listing Courtesy of Coldwell Banker Realty

Steps from the beach and the Hollywood Beach Broadwalk, this like new 6 unit, two story building all one bedroom units is part of a rare 4 property boutique multifamily ...

Description

Steps from the beach and the Hollywood Beach Broadwalk, this like-new 6-unit, two-story building (all one-bedroom units) is part of a rare 4-property boutique multifamily / short-term rental (STR) portfolio in prime walk-to-the-beach locations in Hollywood Beach, FL. The portfolio is offered at $12,300,000. This asset features approximately 3,291 leasable SF on a 6,271 SF lot and is located within Hollywood Beach’s most desirable district. All units offer open floor plans with kitchens, spacious living areas, new kitchens and bathrooms. Exterior improvements include 4 parking spaces, upgraded common areas, fresh plaster and paint, and landscaped grounds. The property is turnkey and ready to operate as a short-term rental or hotel. The portfolio benefits from high-density zoning with favorable “Motel” use and active municipal STR licenses, allowing for immediate income. Operated as a scalable STR platform with unified management, housekeeping, and OTA distribution, the assets offer strong cash flow potential. Located in a corridor experiencing evolving zoning and increasing allowable densities, the portfolio provides multiple exit strategies including continued STR operations, boutique lodging repositioning, or future assemblage and redevelopment.

Amenities

  • CableAvailable
  • LessThanQuarterAcre

Neighborhood

More listings:

Long Island MLS

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. International currency conversions where shown are estimates based on recent exchange rates and are not official asking prices.

All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.