505-513 S Ocean Dr - Apartments FOR SALE


Hollywood, FL 33019- Hollywood Beach-Quadoman
$7,500,000 USD
954-540-7654
505-513 S Ocean Dr, Hollywood, FL for Sale
$7,500,000 USD
Apartments - FOR SALE
1/41
null | Request Cap Rate

505-513 S Ocean Dr
Hollywood, FL 33019
Hollywood Beach-Quadoman


OVERVIEW

One of the rarest investment gems on Hollywood Beach, an entire beach block end, next to Broadwalk! -Multiple Lots Totaling Almost 18,000 SF -Widest Water Views on Hollywood Beach -Rarely Available Premium Square Footage in a Location Next to Hollywood Beach Broadwalk, Ranked 4th Best Beach in the Country by TripAdvisor -17 Total Rental Units: (11) Large 1 Bedrooms, (5) Efficiencies, (1) Large 2 Bedroom w/Private Balcony Overlooking the Water -14 Parking Spaces on the Property Welcome to Sandcastle by the Sea Apartments, located just steps from the Hollywood Beach Broadwalk! This exceptional property sits on multiple lots of nearly 18,000SF, boasting stunning views of the widest intracoastal area along the beach. It occupies the entire end of a beach block with direct Broadwalk access, making it one of the rarest investment opportunities on Hollywood Beach. Featuring 17 total rental units, and 14 included parking spaces adding significant appeal, as on-site parking is scarce in the area. Conveniently located just 10 minutes from Hollywood/Fort Lauderdale Airport and near the Hard Rock Casino and Miami Beach! Immense upside potential, as the current original owners have not yet utilized vacation rental income and current market opportunity.

FOR SALE DETAILS

PRICE

$7,500,000 USD

PRICE/SF

$455 USD /SF

# OF UNITS

17

PRICE/UNIT

$441,176

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Sandcastle By The Sea

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1986

PARKING SPACES

14

LAND DETAILS

LAND ACRES

0.6 AC

LAND SF

26,136 SF

ZONING

BRT-25

APN/PARCEL ID

51-42-13-01-2990,51-42-24-AB-0330

ASK ABOUT THIS PROPERTY

Nicole D'AiguillonHollywood Diamond Realty, Inc.More Info
954-540-7654

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Nicole D'AiguillonHollywood Diamond Realty, Inc.More Info
954-540-7654

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