450 Park Rd, Hollywood, FL, 33021
Property Features
- Status: Active
- Category: Condominium, For Sale
- Type: Condominium, Residential
- Subdivision Name: PINEHURST CLUB CONDO
- Bedrooms: 3
- Bathrooms: 2, 2
- Half Baths: 0
- Living Square Feet: 1084 sq ft
- Lot Size Square Feet: 0 sq ft
- Area: 1084 sq ft
- Lot size, sq ft: 0 sq ft
- Pets Allowed: Restrictions Or Possible Restrictions
- Association Y/N: Yes
- Association Fee: $692
- Tax Year: 2024
- Tax Annual Amount: $6,706
- Original List Price: $245,000
- SubdivisionName: PINEHURST CLUB CONDO
- DOM: 1
- ListOfficeName: Julies Realty, LLC
- MLS ID: A11923629
- GarageSpaces: 0
- UnitNumber: 5-307
- ListAOR: Miami Association of REALTORS®
- EntryLevel: 3
Description
-
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 purchaseConveniently 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.
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Building Details
- ArchitecturalStyle: Garden Apartment
- Building Area Total: 1084 sq ft
- StoriesTotal: 3
- Parking Features: 1 Space, Guest
- Security Features: Complex Fenced, Fire Alarm
- View: None
- Carport Spaces: 0
- Building Name: PINEHURST CLUB CONDO
- Covered Spaces: 0
- Construction Materials: CBS Construction
- NewConstructionYN: No
- Garage Spaces: 0
- Entry Level: 3
- Exterior material: CBS Construction
- Parking: 1 Space, Guest
Rooms
- Room Master Bathroom Features: Tub Only
- Room Bedroom Features: Other
- Room Living Room Features: Utility Room/Laundry
Amenities & Features
- Features:
- Amenities:
- ExteriorFeatures: Screened Balcony, Tennis Court(s)
- Architectural Style: Garden Apartment
- Waterfront available: No
- GarageYN: No
- Appliances: Dishwasher, Disposal, Refrigerator
- AttachedGarageYN: No
- Exterior Features: Screened Balcony, Tennis Court(s)
- Cooling Y/N: Yes
- Cooling: Central Air
- CoolingYN: Yes
- Interior Features: Third Floor Entry, Split Bedroom, Walk-In Closet(s), Utility Room/Laundry
- Heating: Central
- Furnished: Unfurnished
- PoolPrivateYN: No
- Flooring: Carpet, Tile
- Fencing: Privacy
- FireplaceYN: No
Location
- Directions: 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.
- County: Broward County
Video
- Virtual Tour: https://www.propertypanorama.com/instaview/mia/A11923629