Hollywood, FL 33021,450 S Park Rd #5-307
Hollywood, FL 33021,450 S Park Rd #5-307
Hollywood, FL 33021,450 S Park Rd #5-307
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$245,000
Est. payment /mo
3 Beds
2 Baths
1,084 SqFt

UPDATED:

Key Details

Property Type Condo

Sub Type Condominium

Listing Status Active

Purchase Type For Sale

Square Footage 1,084 sqft

Price per Sqft $226

Subdivision Pinehurst Club Condo

MLS Listing ID A11923629

Style Garden Apartment

Bedrooms 3

Full Baths 2

HOA Fees $692/mo

HOA Y/N Yes

Min Days of Lease 365

Leases Per Year 1

Year Built 1996

Annual Tax Amount $6,706

Tax Year 2024

Property Sub-Type Condominium

Property Description

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.

Location

State FL

County Broward

Community Pinehurst Club Condo

Area 3100

Direction From Hollywood Bld and S. Park Road, go South on South Park Road for about 2 blocks to the gate entrance on the west side.

Interior

Interior Features Living/Dining Room, Other, Split Bedrooms, Third Floor Entry, Walk-In Closet(s)

Heating Central

Cooling Central Air

Flooring Carpet, Tile

Furnishings Unfurnished

Appliance Dishwasher, Disposal, Refrigerator

Laundry Washer Hookup, Dryer Hookup

Exterior

Exterior Feature Balcony, Privacy Wall, Tennis Court(s)

Pool Association

Utilities Available Cable Available

Amenities Available Fitness Center, Pool, Tennis Court(s)

View Y/N No

View None

Porch Balcony, Screened

Garage No

Private Pool Yes

Building

Architectural Style Garden Apartment

Structure Type Block

Schools

Elementary Schools Orange Brook

Middle Schools Olsen

High Schools South Broward

Others

Pets Allowed Conditional, Yes

HOA Fee Include Common Areas,Cable TV,Internet

Senior Community No

Restrictions No Restrictions

Tax ID 514217BL1380

Security Features Complex Fenced,Fire Alarm

Acceptable Financing Cash, Other

Listing Terms Cash, Other

Special Listing Condition Listed As-Is

Pets Allowed Conditional, Yes

Virtual Tour https://www.propertypanorama.com/instaview/mia/A11923629


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Miami Association of Realtors (SEFMIAMI MLS)
Listed by Julies Realty, LLC

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Dennis Cordero, PA

Dennis Cordero, PA

+1(954) 874-5015

Real Estate Advisor | License ID: 3074725

Real Estate Advisor License ID: 3074725

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