1743 Wiley StHollywood, FL 33020

Property Details for 1743 Wiley St

Year built

1952

Construction

CONCRETE

Lot size

0.25 AC

Property size (Sq ft)

4,023 SF

Zone code

FH-2

Property type

Hospitality properties

Property subtype

Hotels

APN

51-42-22-09-0550

APU

514222090550

Description

This charming, 12-key, pet-friendly motel in Hollywood, Florida presents a compelling value-add investment opportunity. Located at 1743 Wiley St, in Broward County, zip code 33020 (25.9997986, -80.1420349), this single-story, 1952-built property boasts 100% occupancy and a current NOI of $121,000, yielding a 5.5% cap rate. The asking price is $2,200,000. However, pro forma projections indicate a significantly higher 7% cap rate, showcasing substantial upside potential for the savvy investor. Its convenient location offers easy access to the beach and major metropolitan areas such as Fort Lauderdale and Miami, ensuring a consistent stream of tourist traffic. The pet-friendly nature of the motel further enhances its appeal to a broader market segment. Seller financing is available. This property represents a rare chance to acquire a well-situated, income-generating asset with strong potential for increased profitability. The current high occupancy rate demonstrates the property's inherent appeal and market demand. This is an ideal opportunity for investors seeking a stable, high-return investment in the thriving South Florida hospitality market.

Location Insight

City

Hollywood

County

Broward

State

Florida

Latitude

25.9998

Longitude

-80.142

CBSA code

33100

CBSA name

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

Property Tax & Assessments

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