1722 Madison St Active Save Request In-Person Tour Request Virtual Tour
Hollywood,FL 33020
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 6,652 sqft
Price per Sqft $638
MLS Listing ID A11658449
Construction Status Resale
HOA Y/N No
Year Built 1952
Annual Tax Amount $21,723
Tax Year 2024
Property Description
Hollywood Beach Retirement Home – Assisted Living Facility for Sale in Hollywood, Florida
Asking Price: $4.5 million | Cap Rate: 10.56%
Key Features:
Generac generator for uninterrupted power supply
Impact windows for enhanced safety
Newly installed roof
With an impressive and attractive 10.56% cap rate, this facility promises solid and consistent returns. It houses more middle-aged long-term residents. Hollywood, known for its beautiful coastal environment, is a highly desirable location for retirees, making this investment an excellent opportunity in the assisted living market.
Location
State FL
County Broward
Area 3010
Interior
Heating Central
Cooling Central Air
Flooring Tile
Window Features Impact Glass
Exterior
Exterior Feature Security/High Impact Doors
Parking Type Other,On Street
Total Parking Spaces 4
Building
Sewer Public Sewer
Water Public
Structure Type Block
Construction Status Resale
Others
Tax ID 514215021750
Security Features Security System,Fenced,Fire Sprinkler System,Smoke Detector(s)
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional