26 Diplomat Pkwy 50 Units Hallandale Beach, FL 33009
Monthly Payment (Est.)$43,115
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.
|3 months ago||Listing updated with changes from the MLS|
|3 months ago||Price changed to $9,450,000|
|5 months ago||Listing first seen online|