Outstanding investment opportunity in the heart of Hollywood! This 105-bed licensed Assisted Living Facility at 2001 Polk St is a turnkey operation generating $3.5M + in annual gross income with an 8.1% going-in cap rate. Fully occupied and professionally ma

2001 POLK ST, Hollywood

$12,900,000 USD
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Address2001 POLK ST, Hollywood
Type of PropertySpecial Purpose
Type of BusinessAdult Congregate
Price$12,900,000
Property StatusActive
MLS NumberA11911306
Property Size23707
Lot Size23707
Year Built1962
Folio Number514215011970
Net Operating Income$1,120,448
Zoning InformationND-3
Days on Market133

Detailed Description: Outstanding investment opportunity in the heart of Hollywood! This 105-bed licensed Assisted Living Facility at 2001 Polk St is a turnkey operation generating $3.5M + in annual gross income with an 8.1% going-in cap rate. Fully occupied and professionally managed, the three-story 27,270 sq.ft building is well-maintained and delivers consistent cash flow. Prime central location—just minutes to I-95, Fort Lauderdale–Hollywood International Airport, and Hollywood Beach—providing convenience for residents, staff, and families.

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Address Information
StateFlorida
CityHollywood
CountyBroward County
Zip Code33020
Address2001 POLK ST
Section15
Zip Code (4 Digits)4539
Financial Information
Price$12,900,000
Price per Foot$0
Folio Number514215011970
Net Operating Income$1,120,448
Tax Amount$74,596
Tax Year2024
Full Descriptions
Detailed DescriptionOutstanding investment opportunity in the heart of Hollywood! This 105-bed licensed Assisted Living Facility at 2001 Polk St is a turnkey operation generating $3.5M + in annual gross income with an 8.1% going-in cap rate. Fully occupied and professionally managed, the three-story 27,270 sq.ft building is well-maintained and delivers consistent cash flow. Prime central location—just minutes to I-95, Fort Lauderdale–Hollywood International Airport, and Hollywood Beach—providing convenience for residents, staff, and families.
Property parameters
Living Area23707
Lot Size23707
Total Acreage0.000
Zoning InformationND-3
Maximum Leasable Size23707
Year Built1962
Type of PropertySpecial Purpose
Type of BusinessAdult Congregate
Listed withFausto Commercial Realty Consultants Inc