2501 S Ocean Dr PH6, Hollywood, FL 33019 — MLS photo

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2501 S Ocean Dr PH6, Hollywood, FL 33019

Active · Condominium

$275,000

2501 S Ocean Dr PH6, Hollywood, FL 33019

Beds
0
Baths
1
Living area
590 sq ft
$ / sq ft
$466/sq ft
Year built
1968
Lot size
—
HOA fee
$790 Monthly
Annual tax
$6,967

About this property

REDUCED FOR FAST SALE!!!! Luxury Oceanfront Penthouse Studio –TENANT IN PLACE!! Investor Opportunity Rarely available and now reduced! Largest studios in the building!!!This spacious, well-furnished penthouse studio is the largest studio floor plan in the building and offers breathtaking, postcard-worthy views of both the Atlantic Ocean and the Intracoastal Waterway through its oversized window. Some photos are virtual renderings of possible redesign The unit features a fully equipped kitchen with brand-new appliances, a large walk-in closet, and an open, comfortable layout designed for both everyday living and vacation-style enjoyment. Monthly maintenance includes internet, cable, water, and valet service for added convenience. Located in one of the most desirable areas of Hollywood Beach, just minutes from the Diplomat and Trump Hollywood, this full-service oceanfront resort offers exceptional amenities, including: Oceanfront pool with stunning views Beach service On-site restaurant Fitness center Valet parking A tenant is currently in place, making this an excellent investment opportunity. The property can be purchased with the existing tenant for immediate rental income.

Property location

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2501 S Ocean Dr PH6, Hollywood, FL 33019

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Facts & features

Interior

Bedrooms
0
Bathrooms
1
Living area
590 sq ft
Flooring
Ceramic Tile
Appliances
Electric Range, Disposal, Refrigerator
Cooling
Central Air
Heating
Electric
Interior features
Other

Exterior & Structure

Property type
Condominium
Year built
1968
Stories
17
Architectural style
High Rise
Construction
CBSConcrete Block Structure, Block
Exterior features
Other
Pool
Association
Waterfront
Ocean Access, Ocean Front
View
Intercoastal, Ocean

Parking

Garage spaces
0
Covered spaces
0
Parking features
Other, Valet

HOA, Community & Financials

Association fee
$790 Monthly
Fee inclusions
Cable Tv, Insurance, Internet, Pools, Sewer, Security, Trash, Water
Amenities
Billiard Room, Bike Storage, Clubhouse, Fitness Center, Laundry, Pool, Storage, Elevators
Security
Closed Circuit Cameras, Door Man, Elevator Secured, Key Card Entry, Other
Pets allowed
Conditional, Yes
Annual tax
$6,967
Subdivision
WAVE CONDO
County
Broward
Days on market
164
MLS listing ID
A12016698
Listing status
Active

Investment intelligence

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

-$1,198

Cap rate
0.5%
Net yield
0.5%
Cash-on-cash return
-18.7%
Gross yield
7.9%
Mortgage payment
$1,304/mo
Down payment
$68,750
Loan amount
$206,250
Annual NOI
$1,262

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