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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
Roxana Alvarez
LISTING AGENT
Listing Provided by:
Dylan Vega
Optimar International Realty
The multiple listing information is provided by Miami Association of REALTORS from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©️2019 Miami Association of REALTORS. All Rights Reserved.
The information provided is for consumers’ personal, non- commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.
