37 rooms Motel for Sale on US-1 in Hollywood | 1219 S Federal Hwy
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37 rooms Motel for Sale on US-1 in Hollywood 1219 S Federal Hwy
37 Room Hotel Hollywood, FL 33020 £5,555,395 (£150,146/Room) 6.11% Net Initial Yield
Executive Summary
As the exclusive representative of the seller, One Commercial Real Estate is pleased to present for sale to qualified investors Richard's Motel located in Hollywood, FL. This portfolio, composed of 2 properties, offers a healthy mix of motel rooms and apartment units and is available for $7,100,000, or $191,000 per key. Available Owner Financing
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 | £5,555,395 | Lot Size | 0.60 AC |
| Price Per Room | £150,146 | Building Size | 26,082 SF |
| Sale Type | Investment | No. Rooms | 37 |
| Net Initial Yield | 6.11% | Number of Floors | 2 |
| Sale Conditions | Business Value Included | Year Built/Renovated | 1949/1965 |
| Property Type | Hospitality | Parking Ratio | 0.77/1,000 SF |
| Property Subtype | Hotel | Corridor | Exterior |
| Building Class | C |
| Price | £5,555,395 |
| Price Per Room | £150,146 |
| Sale Type | Investment |
| Net Initial Yield | 6.11% |
| Sale Conditions | Business Value Included |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 0.60 AC |
| Building Size | 26,082 SF |
| No. Rooms | 37 |
| Number of Floors | 2 |
| Year Built/Renovated | 1949/1965 |
| Parking Ratio | 0.77/1,000 SF |
| Corridor | Exterior |
Amenities
- Pool
- Shuttle Service
- High Speed Internet Access
- Patio
- Public Access Wi-Fi
- Fully-Equipped Kitchen
- Multi-Room Suites
About 1219 S Federal Hwy , Hollywood, FL 33020
Richard's Motel is perfectly situated between Fort Lauderdale Airport and the bustling, world-famous city of Miami. With kitchenettes available in select rooms, the properties' guest rooms all feature a television, microwave, and mini refrigerator. This well-run motel business boasts years of history and a steady stream of regular bookings. It's an excellent investment opportunity in a prime location.
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Suite | 4 | £128.32 | - |
| Guest Room | 33 | £69.64 | - |
Walk Score ®
Very Walkable (78)
PROPERTY TAXES
| Parcel Number | 51-42-22-09-0750 | Improvements Assessment | £0 (2024) |
| Land Assessment | £0 (2024) | Total Assessment | £2,064,072 (2024) |
PROPERTY TAXES
Parcel Number
51-42-22-09-0750
Land Assessment
£0 (2024)
Improvements Assessment
£0 (2024)
Total Assessment
£2,064,072 (2024)
zoning
| Zoning Code | FH-2 (Federal Hwy Medium-High Intensity Multi-Family District) |
| FH-2 (Federal Hwy Medium-High Intensity Multi-Family District) |
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37 rooms Motel for Sale on US-1 in Hollywood | 1219 S Federal Hwy
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