308 Monroe St - Hospitality FOR SALE


Hollywood, FL 33019- Hollywood Beach-Quadoman
$4,250,000 USD
954-558-0407
308 Monroe St, Hollywood, FL for Sale
$4,250,000 USD
Hospitality - FOR SALE
1/19
null | 5.86% Cap Rate

308 Monroe St
Hollywood, FL 33019
Hollywood Beach-Quadoman


HIGHLIGHTS

  • STEPS TO THE FAMOUS HOLLYWOOD BROADWALK, IN THE QUIET END OF THE BEACH, ONLY PLACE WHERE YOUR KIDS CAN PLAY IN THE SAND, AND YOU CAN WATCH WITHOUT
  • CARS DRIVING IN FRONT, BROADWALK IS FOR PEDESTRIANS ONLY, BIKE RENTALS, RESTERAUNTS, JOG PATH, BRICK PAVED, AMAZING LOCATION
  • OWNER FINANCING, OWNER FINANCING, OWNER FINANCING,, LOCATION, LOCATION, LOCATION

OVERVIEW

PRIME BEACH LOCATION, LOCATION, LOCATION, LOCATION!!! 80 FEET FROM THE BROADWALK, AND BEACH,, GREAT VIEWS OF THE OCEAN FROM THE FRONT PORCH, ZONED RESIDENTIAL, SO IF YOU WANT TO ADD A APARTMENT ON TOP, YOU CAN!!!! OWNER FINANCING... OWNER FINANCING. 10 LARGE STUDIO APARTMENTS, WITH KITCHENS, GAS STOVES IN SOME UNITS, GAS HOT WATER HEATER, SOLAR PANELS,(ELECTRIC IS $9.00 PER MONTH) LARGE PATIO WITH PLENTY OF SURF DECOR. PRIVATE PARKING SPACES FOR THE HOTEL GUESTS,.. STREETS IN THE AREA ARE BEING BRICK PAVED, AND ALL UTILITIES ARE UNDERGROUND. ELEVATED PROPERTY, NO NEED FOR FLOOD INSURANCE....OWNER FINANCING WITH 40% DOWN PAYMENT. LONG TERM TENANTS WITH MONTH TO MONTH LEASES, AND HOTEL MOTEL. COME ENJOY THE GOOD LIFE; OWNER RENTS TO FRIENDS AND FAMILY,, READY TO BRING TO FULL POTENTIAL,,, ALL FINANCIALS ARE PROJECTED, SINCE YOU WILL RUN IT DIFFERENTLY. RENTAL RATES BETWEEN $700 PER WEEK OFF SEASON , AND $1,200 PER WEEK DURING PEAK SEASON.

FOR SALE DETAILS

PRICE

$4,250,000 USD

PRICE/SF

$912 USD /SF

# OF ROOMS

10

PRICE/ROOM

$425,000 {currency}

CAP RATE

5.86%

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Surf Inn Hotel - Hollywood

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

1

ROOM ENTRANCE

Interior

BUILDING CLASS

C

YEAR BUILT

1954

PARKING SPACES

15

LAND DETAILS

LAND ACRES

0.18 AC

LAND SF

7,841 SF

ZONING

BRT25, Hollywood

APN/PARCEL ID

51-42-13-01-3430

ASK ABOUT THIS PROPERTY

Dan KennedyHollywood Beach RealtyMore Info
954-558-0407

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Dan KennedyHollywood Beach RealtyMore Info
954-558-0407

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