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Presented by
Mikel DeFrancesco - The Mikel DeFrancesco Team |
322 Oklahoma St, Hollywood, FL, 33019 | $1,400,000
JUST REDUCED $800, 000! Currently 6-8% CAP RATE. Are you a developer? Check the zoning which allows you to build a 5-story 18 room hotel which is the absolute best use of this opportunity by combining the adjacent lot at 326 Oklahoma, also for sale. We have an architect already approved to help you! While you wait for that, discover a rare opportunity to own a luxury, fully renovated LEGAL triplex (4 BR / 4 Bath) located in the exclusive Resort Zone of Hollywood Beach, just steps from the ocean & world-famous Boardwalk. Completely remodeled in 2016, this turnkey property features three beautifully furnished units, each with private entrances, modern interiors, stainless steel appliances, & independent A/C, water, & electric meters. Currently operating as high-performing Airbnb vacation rentals, the property enjoys exceptional occupancy rates, making it ideal for investors seeking strong cash flow. Additional highlights include impact windows, a shared laundry facility, access to biking, kayaking, paddleboarding, boating. All furniture incl. Property is a fully operational STR for over 5 years. You're not just buying real estate, you're buying a business with an established repeat revenue stream that comes directly to you. Which means you don't need to pay fees to airbnb or other platforms. List of repeat tenants included in the price. Seller financing available, at least 30% down, 6% interest, 3-5 yr balloon, and seller in 1st position ONLY!
Features
- Year Built: 1941
- Heating: Central,Electric
- Cooling: Central Air,Ceiling Fan(s),Electric
- Approx Sq. Feet: 1,700
- Est. Taxes: $20,773
- Lot Desc: < 1/4 Acre
- Water Front: Yes
- MLS#: A11907929
- Website: https://www.raveis.com
/prop/A11907929/322oklahomast_hollywood_fl?source=qrflyer
All listings featuring the BMLS logo are provided by BeachesMLS Inc. This information is not verified for authenticity or accuracy and is not guaranteed.
William Raveis Family of Services
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
Mikel DeFrancesco - The Mikel DeFrancesco TeamReal Estate Broker
617.755.8272
Mikel.DeFrancesco@raveis.com
Our family of companies offer our clients a new level of full-service real estate. We shall:
- Market your home to realize a quick sale at the best possible price
- Place up to 20+ photos of your home on our website, raveis.com
- Provide frequent communication and tracking reports showing the Internet views your home received on raveis.com
- Showcase your home on raveis.com with a larger and more prominent format
- Give you the full resources and strength of William Raveis Real Estate, Mortgage & Insurance and our cutting-edge technology
To learn more about our credentials, visit raveis.com today.
Ali OldhamVP, Mortgage Banker, William Raveis Mortgage, LLC
NMLS Mortgage Loan Originator ID 2803699
508.274.0185
Ali.Oldham@raveis.com
Our Executive Mortgage Banker:
- Is available to meet with you in our office, your home or office, evenings or weekends
- Offers you pre-approval in minutes!
- Provides a guaranteed closing date that meets your needs
- Has access to hundreds of loan programs, all at competitive rates
- Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction
Joel FanjoyRegional SVP Insurance Sales, William Raveis Insurance
617.320.5687
Joel.Fanjoy@raveis.com
Our Insurance Division:
- Will Provide a home insurance quote within 24 hours
- Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
- Partners with major insurance companies including Chubb, Kemper Unitrin, The Hartford, Progressive,
Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable
322 Oklahoma St, Hollywood, FL, 33019
$1,400,000
Mikel DeFrancesco - The Mikel DeFrancesco Team
Real Estate Broker
William Raveis Real Estate
Phone: 617.755.8272
Mikel.DeFrancesco@raveis.com
Ali Oldham
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 508.274.0185
Ali.Oldham@raveis.com
NMLS Mortgage Loan Originator ID 2803699
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
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|---|---|---|---|
| Loan Amount | $1,120,000 | $1,120,000 | $1,120,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.750% | 6.000% | 6.000% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.251% | 6.121% | 6.183% |
| Monthly Tax Payment | $1,731 | $1,731 | $1,731 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $6,536 | $6,715 | $9,451 |
| Total Monthly Payment | $8,392 | $8,571 | $11,307 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.
William Raveis Mortgage, LLC, NMLS ID 2630, 7 Trap Falls Road, Shelton, CT 06484
FL Mortgage Lender MLD1388