2501 S Ocean Dr L04, Hollywood, FL 33019 — MLS photo

Active · Condominium

$409,000

2501 S Ocean Dr L04, Hollywood, FL 33019

Beds: 1
Baths: 1
Living area: 793 sq ft
$ / sq ft: $516/sq ft
Year built: 1968
Lot size: —
HOA fee: $1,119 Monthly
Annual tax: $6,741

About this property

Luxury Modern Condo Apartment in Beautifully Renovated Building right on the Beach. Remodeled to Two Bedrooms/One Bath, Large Balcony (great for kids), Next to Trump Hollywood and the Diplomat Hotel. Maintenance includes Cable & Wifi, Water, Gym overlooking the Ocean, Aerobics Room, Club Room with Poker Tables, Pool Tables, Piano Room, Large Heated Pool, Heated Jacuzzi with Waterfall, Convenience Store, Valet Parking, 3 min walk to Publix, close to Hollywood Beach Boardwalk, Restaurants, Parks, Shopping Centers, Aventura Mall. Unit can be rented 4 times per year (90 days min), Pet Friendly (20lb max), Cash Offers with Proof of Funds. If Financing, offers need to include Pre-Approval letter with P.O.F. of 20% Deposit, Owner will be accepting offers.

Property location

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2501 S Ocean Dr L04, Hollywood, FL 33019

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Facts & features

Interior

Bedrooms: 1
Bathrooms: 1
Living area: 793 sq ft
Flooring: Ceramic Tile, Porcelain Tile
Appliances: Dryer, Dishwasher, Electric Range, Microwave, Refrigerator
Cooling: Central Air, Ceiling Fans
Heating: Central
Interior features: Bedroom On Main Level, Convertible Bedroom, First Floor Entry, Living Dining Room, Tub Shower, Elevator
Furnished: Furnished

Exterior & Structure

Property type: Condominium
Year built: 1968
Stories: 17
Architectural style: High Rise
Construction: Block
Exterior features: Balcony
Pool: Association, Heated
Waterfront: Ocean Access
View: Garden, Other

Parking

Garage spaces: 1
Covered spaces: 1
Parking features: Valet

HOA, Community & Financials

Association fee: $1,119 Monthly
Fee inclusions: Common Areas, Cable Tv, Hot Water, Internet, Laundry, Maintenance Grounds, Maintenance Structure, Parking, Pest Control, Pools, Sewer, Security, Trash, Water
Amenities: Billiard Room, Bike Storage, Business Center, Clubhouse, Fitness Center, Laundry, Pool, Sauna, Trash, Elevators
Security: Key Card Entry, Lobby Secured, Security Guard
Pets allowed: Cats Ok, Dogs Ok, Pet Fee, Size Limit, Yes
Annual tax: $6,741
Subdivision: WAVE CONDO
County: Broward
Days on market: 56
MLS listing ID: A12029030
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.

Down payment (%)

Interest rate (%)

Loan term (yrs)

Monthly rent ($)

Monthly HOA ($)

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Estimated monthly cash flow

-$1,561

Cap rate: 1.1%
Net yield: 1.1%
Cash-on-cash return: -16.4%
Gross yield: 7.5%
Mortgage payment: $1,939/mo
Down payment: $102,250
Loan amount: $306,750
Annual NOI: $4,530

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