1419 Federal HwyHollywood, FL 33020

Property Details for 1419 Federal Hwy

Year built

1950

Construction

CONCRETE

Lot size

0.35 AC

Property size (Sq ft)

4,764 SF

Zone code

FH-2

Property type

Hospitality properties

Property subtype

Motels

APN

51-42-22-09-0350

APU

514222090350

Description

This exceptional investment opportunity presents a portfolio of four properties totaling 70 keys in Hollywood, Florida. The 29,982 square foot portfolio, built in 1950 and featuring two-story buildings, boasts a strong net operating income (NOI) of $845,990, resulting in a 7.05% cap rate. Priced at $11,995,000 ($400.07 per square foot and $171,000 per key), this stabilized investment offers seller financing for qualified buyers. The motel's prime location between Fort Lauderdale Airport and Miami ensures consistent occupancy, attracting both short-term tourists and long-term guests. Amenities include kitchenettes in select rooms, televisions, microwaves, and mini-refrigerators in all units. This established business, operating successfully for over 40 years, benefits from a loyal clientele and offers versatile stay options catering to various needs. Its proximity to Hollywood's renowned beaches further enhances its appeal. The portfolio's strong reputation for exceptional hospitality and customer service makes it an ideal acquisition for investors seeking a proven, high-performing asset in a sought-after South Florida vacation destination. The property's history of success and significant growth potential make it a compelling investment opportunity.

• CAP approach

  CAP return

  Valuation

  6%

  $1,935,927

  6.5%

  $1,787,010

  7%

  $1,659,366

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,801,483

  Geo Method

  $4,801,483

• Alternative Use

  Use

  Valuation

  Residential

  $1,950,896

  Hospitality

  $1,787,010

  Educational

  $1,486,771

  Medical

  $1,537,904

  Retail

  $2,312,755

Location Insight

City

Hollywood

County

Broward

State

Florida

Latitude

25.9989

Longitude

-80.1424

CBSA code

33100

CBSA name

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

Property Tax & Assessments

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