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Richard's Pet Friendly Motel 1743 Wiley St

12 Room Hotel Hollywood, FL 33020 $2,200,000 ($183,333/Room) 6.36% Cap Rate

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Investment Highlights

Minutes from I-95, Fort Lauderdale International Airport, and Hollywood Beach
Wee run hospitality business for the last 4 decades

Turn-key hospitality property in the Hollywood, Florida

Executive Summary

Welcome to an exceptional opportunity in the heart of Hollywood, FL, the center of Broward County tourism. This property has 11 motel units that have proudly served patrons for over four decades. Some units have been remodeled and some retain their old-school Florida nostalgia. Enjoy the convenience of staying within close distance of iconic landmarks like Hollywood Beach, Downtown Hollywood, Hallandale Gulfstream Casino’s vibrant street life, making it easy to explore and immerse yourself in the neighborhood's rich culture.
This turn-key asset is fully equipped and furnished and ready for immediate operation. Alternatively, an investor may opt to optimize the density and build vertically due to the FH-2 zoning. Great 6.4% CAP return per year. Sale includes the business and the real estate. Please do not disturb staff or guests with questions. Contact agent for all questions and appointments.

Financial Summary (Actual - 2023) Click Here to Access	Annual	Annual Per SF
Gross Rental Income	-	-
Other Income	-	-
Vacancy Loss	-	-
Effective Gross Income	$99,999	$9.99
Taxes	-	-
Operating Expenses	-	-
Total Expenses	$99,999	$9.99
Net Operating Income	$99,999	$9.99

Financial Summary (Actual - 2023) Click Here to Access

Gross Rental Income
Annual	-
Annual Per SF	-

Other Income
Annual	-
Annual Per SF	-

Vacancy Loss
Annual	-
Annual Per SF	-

Effective Gross Income
Annual	$99,999
Annual Per SF	$9.99

Taxes
Annual	-
Annual Per SF	-

Operating Expenses
Annual	-
Annual Per SF	-

Total Expenses
Annual	$99,999
Annual Per SF	$9.99

Net Operating Income
Annual	$99,999
Annual Per SF	$9.99

Property Facts

Price	$2,200,000	Lot Size	0.25 AC
Price Per Room	$183,333	Building Size	4,023 SF
Sale Type	Investment	No. Rooms	12
Cap Rate	6.36%	No. Stories	1
Sale Conditions	Business Value Included	Year Built	1952
Property Type	Hospitality	Parking Ratio	1.49/1,000 SF
Property Subtype	Hotel	Corridor	Exterior
Building Class	C

Price	$2,200,000
Price Per Room	$183,333
Sale Type	Investment
Cap Rate	6.36%
Sale Conditions	Business Value Included
Property Type	Hospitality
Property Subtype	Hotel
Building Class	C
Lot Size	0.25 AC
Building Size	4,023 SF
No. Rooms	12
No. Stories	1
Year Built	1952
Parking Ratio	1.49/1,000 SF
Corridor	Exterior

Amenities

Shuttle Service

High Speed Internet Access

Patio

Public Access Wifi

About 1743 Wiley St , Hollywood, FL 33020

Located in Hollywood, FL, Richard’s Portfolio benefits from high visibility and accessibility, making it an ideal investment in a bustling and rapidly growing market.