| 26 Diplomat Pkwy 50 units Hallandale Beach, FL 33009 |
| Listed Date YYYY/MM/DD: 2023-07-18 |
| Price: $9,450,000 | County: Broward County |
| ID#: 1011420635 |
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| Area: 3010 | Square Footage: |
| Tax Value: $ | Water Supply: Municipal Water |
| Sewer Description: Municipal Sewer | Zoning Information: CCB |
| Folio Number: 514226HC0430 |
| Number of Units: | Year Built: 1961 |
| Number of Parking Spaces: 80 | Pool: 1 |
| Waterfront: 0 | Lot Description: Less Than 1/4 Acre Lot |
| Year Built Description: Resale | Gross Rent Income: $ |
| Net Operating Income: $ | Number of Stories: 2.0000 |
| Tax Amount: $2214 | Tax Information: Tax Reflects No Homestead Tax |
| 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. |
