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17 1/1/ Condo's portfolio with 3 houses 1770 Plunkett St

18 Room Serviced Apartment Hollywood, FL 33020 $7,100,000 ($394,444/Room)

Investment Highlights

  • Portfolio of 18 units and 3 houses
  • Turn-key hospitality property in Hollywood, Florida
  • Minutes from I-95, Fort Lauderdale International Airport, and Hollywood Beach

Executive Summary

Welcome to an exceptional opportunity in the heart of Hollywood, FL, the center of Broward County tourism. This property has 18 motel studio's with full kitchens 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. Sale includes 1 building, duplex and 2 single family houses, as they operate as one or could be operated independently. Great 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 $99,999 $9.99
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 $99,999
Annual Per SF $9.99
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 $7,100,000
Price Per Room $394,444
Sale Type Investment
Sale Conditions
Bulk/Portfolio Sale
  • Business Value Included
Property Type Hospitality
Property Subtype
Serviced Apartment
  • Hospitality Hotel
Building Class C
Lot Size 0.30 AC
Building Size 13,940 SF
No. Rooms 18
No. Stories 2
Year Built 1982
Parking Ratio 1.51/1,000 SF
Corridor Exterior

Amenities

  • Pool
  • Shuttle Service
  • High Speed Internet Access
  • Public Access Wifi
  • Smoke-Free
  • Fully-Equipped Kitchen

About 1770 Plunkett St , Hollywood, FL 33020

Features Units: 18 well-maintained 1/1 units perfect for long-term rentals. Houses: 3 spacious 2/2 houses located behind the main building. Location Benefits: Proximity to the beach (5 minutes away). Centrally located between two major cities, Fort Lauderdale and Miami. Surrounded by essential amenities including restaurants, shops, and public transportation. Investment Highlights Income Potential: This property represents an excellent investment opportunity with a projected rent roll that could significantly boost your income. Prime Location: The highly desirable location ensures consistent demand and high occupancy rates. Long-Term Stability: The property is well-run with a strong track record of long-term rental success. Additional Information Condition: The property is in excellent condition, requiring minimal maintenance. Potential Uses: Ideal for investors looking to expand their portfolio with reliable, long-term rental units. Contact Information

Room Mix Information

Description No. Rooms Daily Rate SF
Suite 18 $111.00 -
Walk Score ®
Very Walkable (81)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

zoning

Zoning Code FH-2
FH-2
  • Listing ID: 31978657

  • Date on Market: 5/31/2024

  • Last Updated:

  • Address: 1770 Plunkett St, Hollywood, FL 33020

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