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Proposed Settlement Date

Financing Terms

Include Furniture

Include Future Bookings

By submitting an offer, I understand and acknowledge that vrolio corp is not real estate brokerage and does not represent me in any capacity on a real estate transaction. I understand that this is not a purchase commitment and I am simply presenting a non-binding letter of intent to the seller of this property and the seller is in no way obligated to respond or accept my offer.

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Hollywood Beach hotel/airbnb 12 rooms.

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Hollywood, FL 33019

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$4,000,000
12
12
8,098
sq. ft.
$494
per sq ft
Heated sq ft: 5,050 sq ft
Avg Nightly Rate:
Home Legally Sleeps: 0
Occupancy Rate: 0 weeks
Annual Gross Income : Inquire
Annual Net Operating Income : Inquire
Property Type: Multi-Unit Property (B&B)
Ownership Type: Full (100%)
Seasoned Short Term Rental: No
Furnishings Included: Yes
For Sale By: Broker
Seller Financing: No
Niche: Beach, Couples/Romance, Nature, Pet Friendly, Resort, Weddings or Family Reunions
New Construction: Inquire
Days on Vrolio: 1629

Property Description

Hotel/Airbnb in prime location on Hollywood white beach. 3 buildings. Total 12 rooms. Could be split in 2 sales. 2 buildings with 5 studios and 3 1 bedroom apartments. And a building with 1 one bedroom, 1 2 bedroom and 2 studio apartments. All three buildings are on the corner. Fantastic open view from hotel yard on Intracoastal. Perfect view on both - ocean and intracoastal from roof deck. Only 200-250 feet from ocean. Lively area of famous Hollywood Beach Broadwalk with restaurants, bars, pubs, bike rentals and other entertainments. Fully renovated: new concrete roofs, new AC, new hurricane impact windows, new water heaters, new landscaping with special system in place to protect grass from dying in case of flooding or salty water, cameras, all new appliances and amenities, brand new furniture. True turn key investment. It is off market now, but not for long. Very popular area

Presented by:
Agent:
Ilona Antonova
Vera Realty
Seller Financing
No
Distress Sale
None
Seller Financing Terms
Seasonal Nightly Rates
High: 0
Low: 0
Peak: 0
Special Event: 0
Avarage: 0.00
Furniture Age
Inquire
Est Value of Furnishings
$30,000
Peak & High Seasons
Ownership Percentage
Full (100%)
Qualifies for foreign national visa
Yes
Reason for Selling
New investment opportunity
Foreign national buyer restrictions from government?
No
Gross Annual Income
Inquire
Net Operating Income
Inquire
Stories
1
Additional Indoor Rooms
Home Office/Den, Other
Appliances
Dishwasher, Dryer, Electric appliances, Full stove, Garbage Disposal, Microwave, Oven, Refrigerator, Washer, Other
Heating/Cooling
Central A/C (gas or electric), Central Heat (gas or electric), Electric or Gas Firelace, Wall Unit A/C
Floor Coverings
Tile
Security
Yes
Security Description
Cameras and security smart locks
Half Baths
Inquire
Master Suite(s)
Inquire
Energy Efficiency
Double pane-low emissivity windows
Year built
1942
Outdoor Features
Fenced/Gated Yard, Porch - Not screened, Porch - Screened, Sprinkler System
View
Beach, Intercoastal, Ocean
Backyard Exposure
West
Lot Size
Whole lot size is a bit more than 8,000 SQF. It has internal yard for recreation and rest overlooking intracoastal and passing by boats. There is a roof deck for BBQ where views open up to both - the ocean (250 feet away) and Intracoastal.
Community Features
Not Located Inside Community
Tax Amount/Year
$257
CDD Amount
Inquire
Neighborhood
Inquire
Deed Restricted Community
No
Interview Required
No
Neighborhood Amenities
Not Located Inside Community
Mandatory HOA
Inquire
Home Legally Sleeps:
0
Onsite Parking
There are 3 parking spaces and plenty parking along the road with inexpensive tariffs.
Neighborhood Association STR Rules
Inquire
Municipality STR Rules
No restrictions documented by owner. Verification recomended
Transferrable Permit or License
Yes, Municipality Issuing New Permits
Rental Tax Info
$7.00
Minimum Nightly Rental
No Minimum
Rental Length Requirement
No Restriction
Has Rental History
No
Established Rental History
Inquire
Occupancy Rate
0
Being Sold with Bookings
Inquire
Caretaker Info
InquireCaretaker cannot stay and oversee the property
Bookings Placed By
Inquire
Managed By
Inquire
Management Bookings Percentage
Inquire
Caretaker Bookings Percentage
Inquire
Paid Booking History
Property has never had any paid bookings on the home becase The property is brand new and has not yet been placed into a rental program
Future Booking Calendar
Management Fees
Inquire
Caretaker Fees
Inquire
Sold with Marketing Collateral
Inquire
Manager Cancellation Policy
 
  •  
Credit Card Fee
Inquire
Cleaning Fee
Inquire
Licesnes & Permits (Annual)
Inquire
Advertising & Tech Costs (Annual)
Inquire
Yard & Pest Control (Annual)
Inquire
Pool & Spa Maintinence (Annual)
Inquire
Electricity (Annual)
$12,000.00
Water/Sewer (Annual)
Inquire
Cable/Interbet (Annual)
$2,400.00
Accounting Fee (Annual)
Inquire
Property Taxes (Annual)
$257.18
Homeowner's Insurance (Annual)
Inquire
Short Term Rental Insurance Rider (Annual)
Inquire
CDD Fee (Annual)
Inquire
Annual Homeowner's Association Dues
Inquire
Additional Membership Fees (Annual)
Inquire
Acquisition
Purchase price
Closing costs
Home Inspection
Furniture & Interiors Package
Rehab Work Estimates
Other
Total Capital Investment

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Income
Average Nightly Rent

Weekly Rent

Potential Annual Rent

Weeks Rented (of 52)

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Effective Gross Rent

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Management Rental Commission (%)

Management Rental Commission Annually ($)

Credit Card Fee (%)

Credit Card Fee Annually ($)

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Cleaning Fees Annually

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Booking Site Service Fees ($)

Management Fee ($ per mo)

Management Fee Annually

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Additonal Nightly Insurance Policy Annually

Sales, Bed, Resort, Tourist Tax (%)

Sales, Bed, Resort, Tourist Tax Annually ($)

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Fixed Expenses (Annual)
Annual Permits/Licences

Advertising & Tech Costs

Yard and Pest Control

Pool Maintenance

Electricity

Water/Sewer

Cable/Internet

Accounting

Property Taxes

Homeowner's Insurance

Short Term Rental Insurance Rider

CDD fee

Annual Homeowners Association Dues

Additional Membership Fees

Maintenance Reserves/Supplies

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Loan
Down Payment (%)

Down Payment (Capital Investment)

Loan Amount

Interest Rate

Amortization (Loan Years)

Monthly Payment

Annual Debt Service

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Returns
Average Monthly Cash Flow

Annual Cash Flow

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Annual Occupancy to Break Even

Break-Even Occupancy (Weeks)

Net Operating Income (NOI)

Cap Rate (ROI)

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User understands this calculator is deemed reliable but not guaranteed. Vrolio makes absolutely no guarantees on returns or income. User should do their own due diligence and verify all data before making a purchasing decision. User understands that this is an educational tool only. We therefore accept no liability arising from any reliance made by any user or person to whom this information is made available to. Please use this tool at your own discretion and use caution always before buying any real estate investment.

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Listing Source: Vera Realty, 3053085870

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