Description
Unprecedented opportunity to acquire a package of 50 units within a 154-unit complex. An ideal investment for those seeking remarkable cap rate potential or conversion/development. Nestled in a rapidly expanding area just a short walk away from the ocean. Current Airbnb operation yields an average of $25,000 annual gross income per unit. Additionally, option of leasing annually at $1,700 per month for stable returns. There are existing management groups on site available for easy transition. A maintenance fee of just $350/unit includes electric and water expense.. Unit sizes vary from 320 sq.ft to 475 sq.ft. Positioned on coveted 2.5 acres of land, this property holds exceptional potential as a future developer acquisition. Less than a mile from the beach.,
, THE DIPLOMAT GOLF & RACQUET CLUB RESORT CONDO UNIT 2244 PER CDO BK/PG: 20950/222
Features
- Architectural Style
Attached
- Association Fee
350
- Association Fee Frequency
Monthly
- Association
Yes
- Building Area Total
16000
- Building Area Units
Square Feet
- City
Hallandale Beach
- Contract Status Change Date
2023-07-17 00:00:00
- Cooling
Wall/Window Unit(s)
- Cooling
Yes
- County Or Parish
Broward County
- Days On Market
154
- Documents Available
Other Available Information
- Expiration Date
2023-12-31 00:00:00
- Flooring
Tile
- Heating
Yes
- Latitude
26
- List A O R
A-Miami Association of REALTORS
- Listing Terms
Conventional
All Cash
- List Price
9450000
- Living Area
16000
- Living Area Units
Square Feet
- Longitude
-80
- Lot Size Units
Square Feet
- Major Change Type
Price Increase
- M L S Area Major
Diplomat Golf & Racquet C
- Mls Status
Active
- Number Of Units Total
50
- On Market Date
2023-07-17 00:00:00
- Original List Price
3900000
- Originating System Name
miamire
- Parcel Number
514226HC0430
- Parking Total
80
- Pool Features
In Ground
- Possession
Funding
- Postal Code
33009
- Postal Code Plus4
3721
- Previous List Price
3900000
- Property Sub Type
Quadruplex
- Property Type
Residential Income
- Public Survey Range
51
- Public Survey Section
26
- Public Survey Township
51
- Rent Includes
Sewer
- Roof
Other
- Sewer
Public Sewer
- Showing Instructions
24 Hour Notice
See Broker Remarks
- Standard Status
Active
- State Or Province
FL
- Stories
2
- Stories Total
2
- Subdivision Name
DIPLOMAT GOLF & RACQUET C
- Tax Legal Description
THE DIPLOMAT GOLF & RACQUET CLUB RESORT CONDO UNIT 2244 PER CDO BK/PG: 20950/222
- Tax Year
2022
- Unparsed Address
26 Diplomat Pkwy 50 units
Hallandale Beach FL 33009
- Virtual Tour URL Unbranded
https://www.propertypanorama.com/instaview/mia/A11420635
- Year Built
1961
- Year Built Details
Resale
- Zoning
CCB
