450 S Park Rd Unit 5-307, Hollywood, FL 33021
- Beds
- 3
- Baths
- 2
- Sqft
- 1,084
- Pool
- Yes
View property features, location on map, relevant school information and overview from seller's agent.
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Overview
Welcome to this beautifully maintained 3-bedroom, 2-bath condo perfectly located in the heart of South Florida! This spacious unit offers an excellent opportunity for both homeowners and investors. Priced at $245,000, this condo provides strong rental potential with market rents reaching $2,700/month and similar units selling as-is for $299,000, giving buyers built-in equity from day one. The property features a functional layout, ample natural light, and a well-kept interior ready for immediate occupancy or rental use. The building is professionally managed with a monthly HOA of $692.74, providing essential amenities and maintaining the community in superb condition. For investors, this condo offers:
• 6.36% cash-on-cash return (all-cash purchase)
• 6.47% cap rate
• $54,000 equity spread at resale value immediately at purchase
Conveniently located near major highways, top schools, shopping, dining, and just minutes from beaches and Miami’s urban core, this condo offers unbeatable accessibility. Unit is currently vacant. HOA includes water,interent,cable, and common areas.
Location
Full feature list
Basic info
- Property type
- Condo/Co-op
- Number of stories
- 3
- Number of bedrooms
- 3
- Number of bathrooms
- 2
- Square feet
- 1,084
- Year built
- 1996
Exterior features
- Pool
- Yes
Utilities
- Heating
- Central
- Cooling
- Central air
Estimated monthly costs
- HOA Fees
- $692
Taxes
- Tax Annual Amount (2024)
- $6,706
Public schools
Disclaimer: Certain information displayed on this listing has been derived from parties other than Final Offer, LLC. Information provided and their sources have been deemed reliable, but accuracy of information is not guaranteed and therefore should be independently verified.
Sourced from: MIAMI REALTORS MLS MLS®#: A11923629 Last checked: …
