1845 Garfield St Hollywood, FL 33020

Property Details for 1845 Garfield St

Year built

1956

Construction

CONCRETE

Lot size

0.56 lot acres

Property size

5,904 SF

Zone code

ND-1

Property type

Assisted living facilities

Property subtype

Retirement homes

APN

51-42-10-06-0170

APU

514210060170

Description

This exceptional investment opportunity presents a rare chance to acquire a thriving 41-bed Assisted Living Facility (ALF) in Hollywood, Florida. Located at 1845 Garfield Street, just off US1, this property boasts a prime location and strong performance. The asking price is $4,900,000, and the sale includes the real estate, the established business, all necessary licenses, and a reliable generator. Built in 1956, the single-building facility currently operates at 80% occupancy, indicating significant potential for increased revenue by filling existing vacancies. The property benefits from a fully staffed and managed operation, ensuring a smooth transition for the new owner. This turnkey operation minimizes the need for immediate staffing or management changes, allowing for a quick return on investment. The high occupancy rate and established reputation within the community contribute to the strong financial outlook. Given the limited availability of comparable Assisted Living Facilities in this desirable location, this represents a truly unique and highly sought-after investment opportunity. Don't miss this chance to acquire a well-established and profitable business in a thriving market. The property is situated in Broward County, Florida, with a zip code of 33020.

Location Insight

City

Hollywood

County

Broward

State

Florida

Longitude

-80.1449

Latitude

26.0219

CBSA code

33100

CBSA name

MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments