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Surf Inn Hotel - Hollywood 308 Monroe St 10 Room Hotel Hollywood, FL 33019 $4,250,000 ($425,000/Room) 5.86% Cap Rate
INVESTMENT HIGHLIGHTS
- STEPS TO THE FAMOUS HOLLYWOOD BROADWALK, IN THE QUIET END OF THE BEACH, ONLY PLACE WHERE YOUR KIDS CAN PLAY IN THE SAND, AND YOU CAN WATCH WITHOUT
- OWNER FINANCING, OWNER FINANCING, OWNER FINANCING,, LOCATION, LOCATION, LOCATION
- CARS DRIVING IN FRONT, BROADWALK IS FOR PEDESTRIANS ONLY, BIKE RENTALS, RESTERAUNTS, JOG PATH, BRICK PAVED, AMAZING LOCATION
EXECUTIVE SUMMARY
PRIME BEACH LOCATION, LOCATION, LOCATION, LOCATION!!! 80 FEET FROM THE BROADWALK, AND BEACH,, GREAT VIEWS OF THE OCEAN FROM THE FRONT PORCH, ZONED RESIDENTIAL, SO IF YOU WANT TO ADD A APARTMENT ON TOP, YOU CAN!!!! OWNER FINANCING... OWNER FINANCING.
10 LARGE STUDIO APARTMENTS, WITH KITCHENS, GAS STOVES IN SOME UNITS, GAS HOT WATER HEATER, SOLAR PANELS,(ELECTRIC IS $9.00 PER MONTH) LARGE PATIO WITH PLENTY OF SURF DECOR. PRIVATE PARKING SPACES FOR THE HOTEL GUESTS,.. STREETS IN THE AREA ARE BEING BRICK PAVED, AND ALL UTILITIES ARE UNDERGROUND. ELEVATED PROPERTY, NO NEED FOR FLOOD INSURANCE....OWNER FINANCING WITH 40% DOWN PAYMENT.
LONG TERM TENANTS WITH MONTH TO MONTH LEASES, AND HOTEL MOTEL. COME ENJOY THE GOOD LIFE; OWNER RENTS TO FRIENDS AND FAMILY,, READY TO BRING TO FULL POTENTIAL,,, ALL FINANCIALS ARE PROJECTED, SINCE YOU WILL RUN IT DIFFERENTLY. RENTAL RATES BETWEEN $700 PER WEEK OFF SEASON , AND $1,200 PER WEEK DURING PEAK SEASON.
10 LARGE STUDIO APARTMENTS, WITH KITCHENS, GAS STOVES IN SOME UNITS, GAS HOT WATER HEATER, SOLAR PANELS,(ELECTRIC IS $9.00 PER MONTH) LARGE PATIO WITH PLENTY OF SURF DECOR. PRIVATE PARKING SPACES FOR THE HOTEL GUESTS,.. STREETS IN THE AREA ARE BEING BRICK PAVED, AND ALL UTILITIES ARE UNDERGROUND. ELEVATED PROPERTY, NO NEED FOR FLOOD INSURANCE....OWNER FINANCING WITH 40% DOWN PAYMENT.
LONG TERM TENANTS WITH MONTH TO MONTH LEASES, AND HOTEL MOTEL. COME ENJOY THE GOOD LIFE; OWNER RENTS TO FRIENDS AND FAMILY,, READY TO BRING TO FULL POTENTIAL,,, ALL FINANCIALS ARE PROJECTED, SINCE YOU WILL RUN IT DIFFERENTLY. RENTAL RATES BETWEEN $700 PER WEEK OFF SEASON , AND $1,200 PER WEEK DURING PEAK SEASON.
FINANCIAL SUMMARY (PRO FORMA - 2025) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$400,000
|
$85.87
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$80,000
|
$17.17
|
| Effective Gross Income |
$320,000
|
$68.70
|
| Taxes |
$56,000
|
$12.02
|
| Operating Expenses |
$15,000
|
$3.22
|
| Total Expenses |
$71,000
|
$15.24
|
| Net Operating Income |
$249,000
|
$53.46
|
FINANCIAL SUMMARY (PRO FORMA - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $400,000 |
| Annual Per SF | $85.87 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | $80,000 |
| Annual Per SF | $17.17 |
| Effective Gross Income | |
|---|---|
| Annual | $320,000 |
| Annual Per SF | $68.70 |
| Taxes | |
|---|---|
| Annual | $56,000 |
| Annual Per SF | $12.02 |
| Operating Expenses | |
|---|---|
| Annual | $15,000 |
| Annual Per SF | $3.22 |
| Total Expenses | |
|---|---|
| Annual | $71,000 |
| Annual Per SF | $15.24 |
| Net Operating Income | |
|---|---|
| Annual | $249,000 |
| Annual Per SF | $53.46 |
PROPERTY FACTS
| Price | $4,250,000 | Building Size | 4,658 SF |
| Price Per Room | $425,000 | No. Rooms | 10 |
| Sale Type | Investment | No. Stories | 1 |
| Cap Rate | 5.86% | Year Built | 1954 |
| Property Type | Hospitality | Tenancy | Single |
| Property Subtype | Hotel | Parking Ratio | 1.5/1,000 SF |
| Building Class | C | Corridor | Interior |
| Lot Size | 0.18 AC | ||
| Zoning | BRT25, Hollywood - ZONED RESIDENTIAL, CAN BUILD 1-3 UNITS,, CHECK WITH CITY | ||
| Price | $4,250,000 |
| Price Per Room | $425,000 |
| Sale Type | Investment |
| Cap Rate | 5.86% |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 0.18 AC |
| Building Size | 4,658 SF |
| No. Rooms | 10 |
| No. Stories | 1 |
| Year Built | 1954 |
| Tenancy | Single |
| Parking Ratio | 1.5/1,000 SF |
| Corridor | Interior |
| Zoning | BRT25, Hollywood - ZONED RESIDENTIAL, CAN BUILD 1-3 UNITS,, CHECK WITH CITY |
AMENITIES
- High Speed Internet Access
- Patio
- Beach (direct access)
- Public Access Wifi
- Smoke-Free
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Guest Room | 10 | $125.00 | - |
1 1
Bike Score®
Very Bikeable (71)
PROPERTY TAXES
| Parcel Number | 51-42-13-01-3430 | Total Assessment | $2,430,450 |
| Land Assessment | $345,690 | Annual Taxes | $56,000 ($12.02/SF) |
| Improvements Assessment | $2,084,760 | Tax Year | 2025 |
PROPERTY TAXES
Parcel Number
51-42-13-01-3430
Land Assessment
$345,690
Improvements Assessment
$2,084,760
Total Assessment
$2,430,450
Annual Taxes
$56,000 ($12.02/SF)
Tax Year
2025
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Surf Inn Hotel - Hollywood | 308 Monroe St
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