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2001 Polk St - 105 Beds in a Prime Location 27,270 SF Health Care Building Offered at $12,900,000 at a 8.11% Cap Rate in Hollywood, FL 33020
Investment Highlights
- Strong Financial Performance: Generates $3.5M+ in annual gross income with an 8.1% going-in cap rate.
- Stabilized & Turnkey: Fully occupied, professionally managed, and well-maintained for immediate cash flow.
- Operational Convenience: Central location offering easy access for residents, staff, medical providers, and visiting families.
- Large Licensed Facility: 105-bed Assisted Living Facility in a 27,270 SF, three-story building.
- Prime Hollywood Location: Minutes to I-95, Fort Lauderdale–Hollywood International Airport, and Hollywood Beach.
Executive Summary
Outstanding investment opportunity in the heart of Hollywood! This 105-bed licensed Assisted Living Facility at 2001 Polk St is a turnkey operation generating $3.5M+ in annual gross income with an 8.1% going-in cap rate. Fully occupied and professionally managed, the three-story 27,270 SF building is well-maintained and delivers consistent cash flow. Prime central location—just minutes to I-95, Fort Lauderdale–Hollywood International Airport, and Hollywood Beach—providing convenience for residents, staff, and families.
Financial Summary (Actual - 2024) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$3,536,047
|
$129.67
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$3,536,047
|
$129.67
|
| Taxes |
$74,596
|
$2.74
|
| Operating Expenses |
$2,415,599
|
$88.58
|
| Total Expenses |
$2,490,195
|
$91.32
|
| Net Operating Income |
$1,045,852
|
$38.35
|
Financial Summary (Actual - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $3,536,047 |
| Annual Per SF | $129.67 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $3,536,047 |
| Annual Per SF | $129.67 |
| Taxes | |
|---|---|
| Annual | $74,596 |
| Annual Per SF | $2.74 |
| Operating Expenses | |
|---|---|
| Annual | $2,415,599 |
| Annual Per SF | $88.58 |
| Total Expenses | |
|---|---|
| Annual | $2,490,195 |
| Annual Per SF | $91.32 |
| Net Operating Income | |
|---|---|
| Annual | $1,045,852 |
| Annual Per SF | $38.35 |
Property Facts
| Price | $12,900,000 | Building Size | 27,270 SF |
| Price Per Bed | $122,857 | No. Beds | 105 |
| Sale Type | Investment or Owner User | No. Stories | 1 |
| Cap Rate | 8.11% | Year Built | 1972 |
| Property Type | Health Care | ||
| Zoning | ND-3 | ||
| Price | $12,900,000 |
| Price Per Bed | $122,857 |
| Sale Type | Investment or Owner User |
| Cap Rate | 8.11% |
| Property Type | Health Care |
| Building Size | 27,270 SF |
| No. Beds | 105 |
| No. Stories | 1 |
| Year Built | 1972 |
| Zoning | ND-3 |
1 1
Walk Score®
Walker's Paradise (97)
Bike Score®
Very Bikeable (70)
Property Taxes
| Parcel Number | 51-42-15-01-1970 | Total Assessment | $3,182,830 (2026) |
| Land Assessment | $403,020 (2026) | Annual Taxes | $74,596 ($2.74/SF) |
| Improvements Assessment | $2,779,810 (2026) | Tax Year | 2024 |
Property Taxes
Parcel Number
51-42-15-01-1970
Land Assessment
$403,020 (2026)
Improvements Assessment
$2,779,810 (2026)
Total Assessment
$3,182,830 (2026)
Annual Taxes
$74,596 ($2.74/SF)
Tax Year
2024
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2001 Polk St - 105 Beds in a Prime Location
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