$245,000
450 S Park Rd Unit 5-307, Hollywood, FL 33021
- 3Beds
- 2Baths
- 1084SqFt
- 3Beds
- 2Baths
- 1084SqFt
- Property TypeCondo
- Year Built1996
- HOA Fees$692/mo
- Price per Sqft$226
- On highrises0 Days
Property Details
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.
Property Features
Bedrooms
- Bedrooms: 3
Property History
Neighborhood
Environmental Risk
Nearby Home Values
- Presented by:
- Vanessa Luna
- state license#3400935
- Brokered by:
- Julies Realty, LLC
- (305) 751-6400
Also at 450 S Park Rd
