1722 Madison St, Hollywood FL, 33020

Active

1722 Madison St

Hollywood FL, 33020

$4,250,000

Active

Commercial

Built in 1952

Hollywood Beach Retirement Home - Assisted Living Facility for Sale in Hollywood, Florida
Asking Price: $4.5 million | Cap Rate: 10.56%

Key Features:
Generac generator for uninterrupted power supply
Impact windows for enhanced safety
Newly installed roof

With an impressive and attractive 10.56% cap rate, this facility promises solid and consistent returns. It houses more middle-aged long-term residents. Hollywood, known for its beautiful coastal environment, is a highly desirable location for retirees, making this investment an excellent opportunity in the assisted living market.

A11658449

MLSⓇ ID

September 12, 2024

Listed

September 20, 2024

Updated

Map

1722 Madison St
Hollywood FL, 33020

Interior Features

Floor Description: Tile
Fireplace: No
Cooling: Yes
Cooling Description: Central Building A/C
Heating: Yes
Heating Description: Central Building A/C

Exterior/Building Features

Sewer: Public Sanitation

Other Property Details

Taxes: $21,723
Tax Frequency: Annually
Days on Market: 8
Garage: No
Parking: Other, On Street
Parking Total: 4
View: No
County: Broward County
Water Source: Public
Pool: No
Zoning: FH-1

Listing History

Date	Event	Price
9/20/2024	Price change	$4,250,000 -6%

Listed by: Stoic Estates, LLC.
Listing Contact: 786-356-7211

Based on information from the Miami Association of REALTORS®. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.

Data last updated 10:11 PM UTC, 9/20/2024.