4204 N Ocean Dr

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4204 N Ocean Dr

Hollywood, FL 33308
Asking Price
$1.40M
Asset Type
Multifamily
Class
Class B

What's Special

Located at 4204 N Ocean Dr in Lauderdale-by-the-Sea, this multifamily property sits directly across from the Atlantic health and recreational amenities. The surrounding neighborhood is characterized by a low-rise coastal aesthetic, featuring a mix of boutique hotels and residential units. Residents are within walking distance of the Anglin’s Fishing Pier and the downtown commercial core, which offers local dining and retail options. Access to the Greater Fort Lauderdale area and Hollywood International Airport is provided via State Road A1A and nearby arterial bridges connecting to the mainland. The asset is suited for long-term residential leasing or conversion into short-term rental accommodations, subject to local zoning compliance. Given the proximity to the beach and walkable entertainment districts, typical tenants include seasonal professionals, small households seeking recreational lifestyles, and vacationers. The location appeals to individuals prioritizing pedestrian access to coastal lifestyle amenities and those looking for a quiet, village-like atmosphere within the South Florida metropolitan region.

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NOI
$80,000
Cap Rate
5.71%
DSCR
0.96
Underwater
Cash-on-Cash
-0.74%
Monthly Payment
$6,926.436
Annual Cash Flow
$-3,117.234

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