RE/MAX 5 Star Realty
Listed by RE/MAX 5 Star Realty
$2,500,000
21 - Beds ALF Hollywood FL
Details
APN 514215013070
Property Type Special Purpose
Square Footage 4,305
Units 12
Beds 21
Tenancy Vacant
Pro-Forma Cap Rate 19.34%
Pro-Forma NOI $483,400
Class B
Year Built 1954
Year Renovated 2019
Buildings 1
Lot Size (SqFt) 10,914
Zoning ND-2
Parking Spaces 8 spaces
Parking per 1,000 SqFt 1.86
Investment Type Stabilized
Ground Lease No
Vacant ALF 21 - Beds Fully Licensed 16% Cap Rate
Marketing description
Vacant ALF 21 - Beds Fully Licensed. The facility is fully licensed. Once fully occupied at $3,500 per bed per month, the gross revenue is expected to go up to $882,000 with net income of $398,600. The projected income will provide the investor with a strong 20% capitalization rate at the full asking price. This is an excellent investment opportunity in a market with very limited inventory.
Investment highlights
- 21-Bed Assisted Living Facility
- 12% Projected Cap Rate
- Excellent Investment Opportunity!
- Experienced staff will remain after closing
- Once fully occupied, gross revenue is expected to reach $882,000 with net income of $398,600.
- Convenient location near Memorial Regional Hospital
- Proximity to North Dixie Highway and Fort Lauderdale-Hollywood International Airport
- Near Hollywood Beach Broadwalk
- Limited inventory market
Listing Contacts
RE/MAX 5 Star Realty
Listed by RE/MAX 5 Star Realty
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Zoning
ND-2 ResidentialMulti FamilyNorth Downtown Medium Intensity Multifamily District
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View all 16 uses
View all 16 uses Last updated May 25, 2026 For deeper zoning details, reports are available at Zoneomics
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