1743 Wiley St Hollywood, FL 33020-6550
Property profile & analytics
1743 Wiley St Hollywood, FL 33020-6550
- Hotels
- 4,023 SF
- 0.25 lot acres
Property ID
US18-1048347
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Richard’s Pet Friendly Motel / Hotel & Motel
Property Details for 1743 Wiley St
- Year built
- 1952
- Construction
- CONCRETE
- Lot size
- 0.25 lot acres
- Property size
- 4,023 SF
- Zone code
- FH-2
- Property type
- Hotels
- Property subtype
- Motels
- APN
- 51-42-22-09-0550
- APU
- 514222090550
Description
This charming, 12-key, pet-friendly motel in Hollywood, Florida presents a compelling value-add investment opportunity. Located at 1743 Wiley St, in Broward County, zip code 33020 (25.9997986, -80.1420349), this single-story, 1952-built property boasts 100% occupancy and a current NOI of $121,000, yielding a 5.5% cap rate. The asking price is $2,200,000. However, pro forma projections indicate a significantly higher 7% cap rate, showcasing substantial upside potential for the savvy investor. Its convenient location offers easy access to the beach and major metropolitan areas such as Fort Lauderdale and Miami, ensuring a consistent stream of tourist traffic. The pet-friendly nature of the motel further enhances its appeal to a broader market segment. Seller financing is available. This property represents a rare chance to acquire a well-situated, income-generating asset with strong potential for increased profitability. The current high occupancy rate demonstrates the property's inherent appeal and market demand. This is an ideal opportunity for investors seeking a stable, high-return investment in the thriving South Florida hospitality market.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- ML approach
- $885,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $505,000
- 6.5%
- $465,000
- 7%
- $430,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $604,000
Market price range: $448k - $1.07M
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Hollywood
- County
- Broward
- State
- Florida
- Longitude
- -80.142
- Latitude
- 25.9998
- CBSA code
- 33100
- CBSA name
- MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$17,985
$131,100
$669,160
$800,260
-
$131,100
$669,160
$800,260
