21 Assisted Living DrHollywood, FL 33021

Property Details for 21 Assisted Living Dr

Property size (Sq ft)

4,260 SF

Property type

Healthcare properties

Property subtype

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.

Location Insight

City

Hollywood

County

Broward

State

Florida

Latitude

26.0197

Longitude

-80.1819

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