Income-producing Hotel Condo

$1,068,000

551 North Fort Lauderdale Beach Boulevard, Fort Lauderdale, FL 33304

For Sale

Residential Vacation Rental

Active

Last Updated: 02/17/2025

Details:

Cap Rate: 6.8%

NOI: $72,522

Offered by Broker

Rene Raymond

Broker Associate

Engel & Völkers

Request Info to Unlock

Highlights:

Exceptional returns
30 days annual owner usage
Oceanfront
Major Flag
Luxury Branded

Description:

Two studio units, can be purchased together or separately for $534,000 each in The Ocean Resort Residences. Owner can stay up to 30 days per year and the hotel manages the rest. These fully furnished studios designed by Steven G. with breathtaking ocean & intracoastal views make the perfect investment with substantial returns, plus part-time resort style living - including gym, pool, beach service, bike rentals, 24/7 valet service, daily housekeeping, 2x weekly laundry service, room service, private airport service, water, wi-fi & basic cable all included. Full service spa and fine restaurants on-site, shopping and entertainment nearby. Just minutes to Fort Lauderdale Airport, between Miami and Palm Beach.