Cays Realty
1201 S Ocean Drive 506s, Hollywood, FL 33019 — MLS photo

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1201 S Ocean Drive 506s, Hollywood, FL 33019

Active · Condominium

$520,000

1201 S Ocean Drive 506s, Hollywood, FL 33019

Beds
2
Baths
2
Living area
1,570 sq ft
$ / sq ft
$331/sq ft
Year built
1982
Lot size
—
HOA fee
$1,634 Monthly
Annual tax
$11,796

About this property

no stress in buying this fully furnished and turnkey lovely condo in the most sought after Summit.... enjoy 2 pools. tennis, poolside cafe, 24hr security, garage parking and of course just steps to the ocean and Iconic Hollywood Beach Broadwalk where the fun never stops....truly a great place to call primary home, second home or investment...no waiting to rent.. ( but only one time per year)

Property location

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1201 S Ocean Drive 506s, Hollywood, FL 33019

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Facts & features

Interior

Bedrooms
2
Bathrooms
2
Living area
1,570 sq ft
Flooring
Ceramic Tile
Appliances
Dryer, Dishwasher, Electric Range, Electric Water Heater, Disposal, Microwave, Refrigerator, Washer
Cooling
Central Air, Electric
Heating
Central
Interior features
Dining Area, Separate Formal Dining Room, Eat In Kitchen, Main Living Area Entry Level, Split Bedrooms

Exterior & Structure

Property type
Condominium
Year built
1982
Stories
25
Lot size
0 sq ft
Architectural style
One Story
Roof
Other
Construction
Block, Other
Exterior features
Storm Security Shutters
Pool
Pool, Heated
Waterfront
Other
View
Intercoastal, Ocean, Water

Parking

Garage spaces
1
Covered spaces
1
Parking features
Assigned, Attached, Covered, Garage, One Space

HOA, Community & Financials

Association fee
$1,634 Monthly
Fee inclusions
Association Management, Common Area Maintenance, Cable Tv, Insurance, Internet, Parking, Pest Control, Reserve Fund, Sewer, Security, Trash, Water
Amenities
Billiard Room, Bike Storage, Clubhouse, Fitness Center, Management, Pool, Security, Storage, Tennis Courts, Trash, Elevators
Security
Building Security, Closed Circuit Cameras, Door Man, Lobby Secured
Pets allowed
No
Annual tax
$11,796
Subdivision
SUMMIT CONDO
County
Broward
Days on market
187
MLS listing ID
B26007979
Listing status
Active

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Yield & ROI calculator

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

Estimated monthly cash flow

-$1,555

Cap rate
2.1%
Net yield
2.1%
Cash-on-cash return
-12.8%
Gross yield
9.8%
Mortgage payment
$2,465/mo
Down payment
$130,000
Loan amount
$390,000
Annual NOI
$10,921

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