Charter House 321 Minnesota St 19 Room Hotel Hollywood, FL 33019 $5,350,000 ($281,579/Room) 10% Cap Rate
INVESTMENT HIGHLIGHTS
- Located right off of Hollywood Beach Broadway.
- Great location highly trafficked and visited.
EXECUTIVE SUMMARY
19 keys directly of the Broadwalk. Perfect value add opportunity, includes kitchenettes in all units, includes adjacent parking lot.
Contact Esther for all showings or questions:
7862906336
Contact Esther for all showings or questions:
7862906336
PROPERTY FACTS
| Price | $5,350,000 |
| Price Per Room | $281,579 |
| Sale Type | Investment |
| Cap Rate | 10% |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 0.23 AC |
| Building Size | 6,205 SF |
| No. Rooms | 19 |
| No. Stories | 2 |
| Year Built | 1959 |
| Parking Ratio | 1.29/1,000 SF |
| Corridor | Exterior |
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Guest Room | 19 | $92.00 | - |
PROPERTY TAXES
| Parcel Number | 51-42-12-01-0490 | Improvements Assessment | $4,169,980 |
| Land Assessment | $447,270 | Total Assessment | $4,617,250 |
ZONING
| Zoning Code | BRT-25, Hollywood (Commercial Business) |
CONTACT
-
Mark Drachman - DELMARK REALTY LLC
