Cays Realty
3505 S Ocean Dr 502, Hollywood, FL 33019 — MLS photo

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3505 S Ocean Dr 502, Hollywood, FL 33019

Active · Condominium

$430,000

3505 S Ocean Dr 502, Hollywood, FL 33019

Beds
2
Baths
2
Living area
1,110 sq ft
$ / sq ft
$387/sq ft
Year built
1964
Lot size
—
HOA fee
$1,012 Monthly
Annual tax
$7,669

About this property

Panoramic direct views of intracoastal, can be leased 12x/year, 30 day min. Owners like the flexibility of the rental policy and use the condo in between rentals. Amenities include 24/7 Valet & Concierge, heated pool & spa, beachfront fitness center, billiards & ping pong. NEW PUBLIX grocery store opened across the street. Close to Ft. Lauderdale & Miami Airports, Hollywood Beach boardwalk, Gulf Stream Racetrack & Casino, Entertainment, Restaurants, Shopping and Easily Access to Everything. This unit has all windows changed for impact windows as a part of the recertification process. The Special Assessment for the 50 years recertification are monthly payments of $521.14 for 15 years, started May 2024, it can be transferred to the buyer. This unit includes a Storage Room next to it with access from the hallway.

Property location

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3505 S Ocean Dr 502, Hollywood, FL 33019

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Facts & features

Interior

Bedrooms
2
Bathrooms
2
Living area
1,110 sq ft
Flooring
Ceramic Tile
Appliances
Dishwasher, Electric Water Heater, Microwave, Other, Refrigerator
Cooling
Central Air
Heating
Central
Interior features
Bedroom On Main Level, Walk In Closets, Elevator
Furnished
Unfurnished

Exterior & Structure

Property type
Condominium
Year built
1964
Stories
15
Construction
Block
Exterior features
Balcony, Barbecue
Pool
Association
Waterfront
Canal Front, Intracoastal Access, Ocean Access
View
Intercoastal

Parking

Garage spaces
0
Covered spaces
0
Parking features
Detached, Garage, One Space, Valet

HOA, Community & Financials

Association fee
$1,012 Monthly
Fee inclusions
Association Management, Amenities, Common Areas, Cable Tv, Electricity, Hvac, Insurance, Internet, Laundry, Legal Accounting, Maintenance Grounds, Maintenance Structure, Parking, Pest Control, Pools, Sewer
Amenities
Billiard Room, Bike Storage, Clubhouse, Fitness Center, Laundry, Barbecue, Picnic Area, Pool, Spa Hot Tub, Storage, Elevators
Security
Door Man, Key Card Entry, Lobby Secured
Pets allowed
Conditional, Yes
Annual tax
$7,669
Subdivision
ALEXANDER TOWERS CONDO
County
Broward
Days on market
156
MLS listing ID
A11963263
Listing status
Active

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Pre-filled from this listing's price, HOA and tax record. Adjust anything to see returns update instantly.

Estimated monthly cash flow

-$1,077

Cap rate
2.7%
Net yield
2.7%
Cash-on-cash return
-10.7%
Gross yield
8.9%
Mortgage payment
$2,038/mo
Down payment
$107,500
Loan amount
$322,500
Annual NOI
$11,532

Estimates only — includes 5% maintenance reserve and ~3% closing costs in cash invested. Verify taxes, HOA and insurance before making an offer.