1201 Federal HwyHollywood, FL 33020

This exceptional investment opportunity presents a 28-key hotel in Hollywood, Florida, boasting a recent 2023 renovation. The 9,837 square foot property, built in 1952 and comprised of four single-story buildings, offers a stabilized NOI of $458,000 and a pro-forma NOI of $556,000, translating to a 6.20% cap rate and a pro-forma cap rate of 7.60%, respectively. The asking price is $7,100,000, or $721.76 per square foot and $253,571.43 per key. The property's strategic location between Fort Lauderdale Airport and Miami offers significant upside potential. The motel features 15 recently renovated rooms, and the property includes additional multifamily units (details available upon request). This presents a compelling opportunity for investors seeking a strong return in a prime South Florida location. The property's roof was completed in 2023. Additional buildings on the property include a four-unit building with a roof approximately 10 years old, a seven-unit apartment building (all one-bedroom, one-bathroom units) with a roof approximately 10 years old, and a duplex with large one-bedroom, one-bathroom units and a four-year-old roof.