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 Miamis urban core, this condo offers unbeatable accessibility. Unit is currently vacant. HOA includes water,interent,cable, and common areas.
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450 S Park Rd, #5-307, Hollywood, FL 33021 · MLS# A11923629
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