21 Assisted Living Dr Hollywood, FL 33021
- Retirement homes
- 4,260 SF
Current Use by Public Records
- Retirement homes
Property Details for 21 Assisted Living Dr
- Property size
- 4,260 SF
- Property type
- Retirement homes
Description
This exceptional 21-bed assisted living facility in Hollywood, Florida, presents a compelling investment opportunity. Located at 21 Assisted Living Dr, Broward County, FL 33021, this single-story, 4,260 square foot building sits on a 10,914 square foot lot. Currently operating at 90% occupancy with 12 units, the property boasts a strong stabilized investment profile, generating a current NOI of $280,315 and a 9.36% cap rate. Pro forma projections indicate a significant increase in NOI to $359,808 and a 12.01% cap rate, showcasing substantial upside potential. The asking price is $2,995,000, translating to $703.05 per square foot. All existing staff will remain post-closing, ensuring a seamless transition for residents and management. This fully licensed and operational facility offers a turnkey solution for investors seeking a stable, high-performing asset in a desirable location. The sale includes both the business and the real property, providing a comprehensive investment package. This is a rare opportunity to acquire a well-established assisted living facility with proven profitability and significant growth potential in the thriving Broward County market. The property's Class B designation reflects its solid condition and operational efficiency. This is a confidential sale.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Hollywood
- County
- Broward
- State
- Florida
- Longitude
- -80.1819
- Latitude
- 26.0197
