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1845 Garfield St - 41 Bed ALF in the Heart of Hollywood 10,530 SF Health Care Building Offered at $4,900,000 at a 8.34% Cap Rate in Hollywood, FL 33020
Investment Highlights
- 41 Bed ALF in the Heart of Hollywood Right off of US1
- 8.34% Cap Rate at Full Occupancy (Currently at 80%)
- Full Staff and Management Team in Place
- Prime Real Estate + Business are Included with the Sale
- Rare and Desirable ALF License/Zoning as well as Generator Included
Executive Summary
Rare opportunity to own this Prime 41-bed Assisted Living Facility (ALF) located at 1845 Garfield St, Hollywood, just off US1. This sale includes real estate, the business, required licenses, and a generator. Currently operating at 80% occupancy, this facility offers significant potential for increased profitability by filling vacancies and optimizing expenses. Full staff and management in place! ALFs of this caliber rarely come to market—don’t miss out on this highly desirable investment opportunity! Please reach out to Listing Agent for full financials!
Property Facts Under Contract
| Price | $4,900,000 | Building Class | C |
| Price Per Bed | $119,512 | Lot Size | 0.56 AC |
| Sale Type | Investment | Building Size | 10,530 SF |
| Cap Rate | 8.34% | No. Beds | 41 |
| Property Type | Health Care | No. Stories | 1 |
| Property Subtype | Assisted Living | Year Built | 1956 |
| Zoning | ND-1 - Allows low-density residential and community-oriented uses. | ||
| Price | $4,900,000 |
| Price Per Bed | $119,512 |
| Sale Type | Investment |
| Cap Rate | 8.34% |
| Property Type | Health Care |
| Property Subtype | Assisted Living |
| Building Class | C |
| Lot Size | 0.56 AC |
| Building Size | 10,530 SF |
| No. Beds | 41 |
| No. Stories | 1 |
| Year Built | 1956 |
| Zoning | ND-1 - Allows low-density residential and community-oriented uses. |
Room Mix Information
| Description | No. Beds |
|---|---|
| Beds Available | 41 |
1 1
Moderately walkable
60/100
Moderately drivable
60/100
Some public transit
40/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 51-42-10-06-0170 | Improvements Assessment | $1,197,180 |
| Land Assessment | $219,470 | Total Assessment | $1,416,650 |
Property Taxes
Parcel Number
51-42-10-06-0170
Land Assessment
$219,470
Improvements Assessment
$1,197,180
Total Assessment
$1,416,650
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1845 Garfield St - 41 Bed ALF in the Heart of Hollywood
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