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.
Valuation by Paperhouses methods
Valuation date:
Dec 11, 2024
CAP approach
CAP return
Valuation
6%
$1,394,960
6.5%
$1,287,650
7%
$1,195,680
Comparable approach
Method
Valuation
Relative Method
$1,736,710
Geo Method
$1,736,710
Alternative Use
Use
Valuation
Industrial / Distribution
$3,855,160
Retail / Commercial
$1,909,430
Mixed-Use / Specialty
$1,849,450
Office
$1,783,080
Institutional / Educational
$1,903,680
Residential Income
$2,227,300
Multifamily
$2,966,090
Automotive / Energy
$1,631,720
Parking / Income-Based Land
$615,623
Restaurant / Food Service
$848,429
Healthcare / Senior Housing
$1,951,100
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
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Federal Hwy Hollywood, FL 33020
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Federal Hwy Hollywood, FL 33020
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
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