1770 Plunkett St Hollywood, FL 33020
- Hospitality properties
Current Use by Public Records
- Richard's Motel Studios / Resort Hotel
Property Details for 1770 Plunkett St
- Year built
- 1978
- Property type
- Hospitality properties
- Property subtype
- Hotels
Description
This exceptional investment opportunity presents an 18-unit hotel property in Hollywood, Florida, boasting a compelling 6.00% capitalization rate. The property, built in 1978 and classified as Class C, is offered at $7,100,000. The portfolio comprises 17 well-maintained one-bedroom, one-bathroom units ideal for long-term rentals, generating consistent income streams. Adding to its appeal are three spacious two-bedroom, two-bathroom houses situated behind the main building, offering additional rental potential or owner accommodations. This prime location in Broward County, at 1770 Plunkett St, zip code 33020, provides unparalleled convenience. Situated just five minutes from the beach, the property benefits from its central location between Fort Lauderdale and Miami, ensuring high occupancy rates and strong rental demand. The surrounding area is rich with amenities, including diverse restaurants, shops, and readily accessible public transportation, enhancing the property's attractiveness to both tenants and investors. Attractive seller financing is available, making this a truly compelling investment proposition. This multifamily hospitality asset presents a rare chance to acquire a well-positioned, income-generating property in a thriving South Florida market.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Hollywood
- County
- Broward
- State
- Florida
- Longitude
- -80.1423
- Latitude
- 26.0001
