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1835 Wilson St - 50 Beds ALF 7,884 SF Health Care Building Offered at $5,700,000 at a 9.62% Cap Rate in Hollywood, FL 33020
INVESTMENT HIGHLIGHTS
- High-Income Operation: 50-bed licensed ALF generating $1.82M annual gross income with a strong 9.62% going-in cap rate.
- Fully Stabilized Asset: 100% occupied and professionally managed, providing immediate, reliable cash flow.
- Prime Location: Minutes to Downtown Hollywood, I-95, the airport, and Hollywood Beach.
- Expanded Footprint: Includes 1835 Wilson St + 1828 Harding St, totaling 10,147 SF of building area on a 24,422 SF combined lot.
- Turnkey Investment: Well-maintained facility with established operations—ideal for both experienced and first-time ALF investors.
EXECUTIVE SUMMARY
Exceptional investment opportunity in the heart of Hollywood! This 50-bed licensed Assisted Living Facility at 1835 Wilson St is a turnkey operation generating $1.82M in annual gross income with a 9.62% going-in cap rate. Fully occupied and professionally managed, the offering includes the additional property behind it at 1828 Harding St, adding 2,260 SF for a combined building size of 10,147 SF. Situated on a 24,422 SF total lot, the facility delivers stable, consistent cash flow. Prime central location—just minutes to Downtown Hollywood, I-95, Fort Lauderdale–Hollywood International Airport, and Hollywood Beach—providing unmatched convenience for residents, staff, and families.
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$1,819,053
|
$230.73
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$1,819,053
|
$230.73
|
| Taxes |
$64,032
|
$8.12
|
| Operating Expenses |
$1,206,608
|
$153.05
|
| Total Expenses |
$1,270,640
|
$161.17
|
| Net Operating Income |
$548,413
|
$69.56
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $1,819,053 |
| Annual Per SF | $230.73 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $1,819,053 |
| Annual Per SF | $230.73 |
| Taxes | |
|---|---|
| Annual | $64,032 |
| Annual Per SF | $8.12 |
| Operating Expenses | |
|---|---|
| Annual | $1,206,608 |
| Annual Per SF | $153.05 |
| Total Expenses | |
|---|---|
| Annual | $1,270,640 |
| Annual Per SF | $161.17 |
| Net Operating Income | |
|---|---|
| Annual | $548,413 |
| Annual Per SF | $69.56 |
PROPERTY FACTS
| Price | $5,700,000 | Lot Size | 0.42 AC |
| Price Per Bed | $114,000 | Building Size | 7,884 SF |
| Sale Type | Investment | No. Beds | 50 |
| Cap Rate | 9.62% | No. Stories | 1 |
| Property Type | Health Care | Year Built | 1969 |
| Property Subtype | Assisted Living | Tenancy | Single |
| Building Class | C | ||
| Zoning | RM-18 - resi use | ||
| Price | $5,700,000 |
| Price Per Bed | $114,000 |
| Sale Type | Investment |
| Cap Rate | 9.62% |
| Property Type | Health Care |
| Property Subtype | Assisted Living |
| Building Class | C |
| Lot Size | 0.42 AC |
| Building Size | 7,884 SF |
| No. Beds | 50 |
| No. Stories | 1 |
| Year Built | 1969 |
| Tenancy | Single |
| Zoning | RM-18 - resi use |
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Walk Score®
Very Walkable (74)
Bike Score®
Very Bikeable (78)
PROPERTY TAXES
| Parcel Number | 51-42-10-28-0060 | Total Assessment | $2,040,770 (2025) |
| Land Assessment | $218,770 (2025) | Annual Taxes | $64,032 ($8.12/SF) |
| Improvements Assessment | $1,822,000 (2025) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
51-42-10-28-0060
Land Assessment
$218,770 (2025)
Improvements Assessment
$1,822,000 (2025)
Total Assessment
$2,040,770 (2025)
Annual Taxes
$64,032 ($8.12/SF)
Tax Year
2024
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1835 Wilson St - 50 Beds ALF
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