1900 N Ocean Dr - Apartments FOR SALE


Hollywood, FL 33019- Hollywood Beach-Quadoman
$4,800,000 USD
305-299-0775
1900 N Ocean Dr, Hollywood, FL for Sale
$4,800,000 USD
Apartments - FOR SALE
1/15
null | Request Cap Rate

1900 N Ocean Dr
Hollywood, FL 33019
Hollywood Beach-Quadoman


OVERVIEW

• 2.5% Buyer Broker Fee. • 10-unit boutique motel on a triple waterfront lot (8,270 SF) in the BRT-25-A1A-C Zoning District. • 122 feet of water frontage with a brand-new 95-foot dock, rentable on a short-term or long-term basis. • Select units feature stunning water views, further justifying higher average daily rates (ADRs). • Rare opportunity as one of only five individually owned waterfront motels with four or more units in this area. • Fully licensed motel with immediate operational ability for daily, weekly, or long-term vacation stays. • 6 One-Bedroom Units and 4 Studio Units, all well-maintained. • Generous floor plans with ample storage and ceiling fans. • Select units have remodeled kitchens (including dishwashers) and upgraded bathrooms with elegant tiling and refreshed vanity areas. • 11 dedicated parking spaces, a rarity for similar properties, ensuring convenience for both short-term and long-term guests.

FOR SALE DETAILS

PRICE

$4,800,000 USD

PRICE/SF

$968 USD /SF

# OF UNITS

10

PRICE/UNIT

$480,000

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Ocean Suites

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1941

PARKING SPACES

11

LAND DETAILS

LAND ACRES

0.19 AC

LAND SF

8,276 SF

ZONING

BRT-25-A1A-C

APN/PARCEL ID

51-42-12-01-0140,51-42-12-01-0150

ASK ABOUT THIS PROPERTY

Alec BasheinCapview BrokerageMore Info
305-299-0775

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Alec BasheinCapview BrokerageMore Info
305-299-0775

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.