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1835 Wilson St - 50 Beds ALF 7,884 SF Health Care Building Offered at $7,893,987 CAD at a 9.62% Cap Rate in Hollywood, FL 33020
INVESTMENT HIGHLIGHTS
- High-Income Operation: 50-bed licensed ALF generating $1.82M annual gross income with a strong 9.62% going-in cap rate.
- Fully Stabilized Asset: 100% occupied and professionally managed, providing immediate, reliable cash flow.
- Prime Location: Minutes to Downtown Hollywood, I-95, the airport, and Hollywood Beach.
- Expanded Footprint: Includes 1835 Wilson St + 1828 Harding St, totaling 10,147 SF of building area on a 24,422 SF combined lot.
- Turnkey Investment: Well-maintained facility with established operations—ideal for both experienced and first-time ALF investors.
EXECUTIVE SUMMARY
Exceptional investment opportunity in the heart of Hollywood! This 50-bed licensed Assisted Living Facility at 1835 Wilson St is a turnkey operation generating $1.82M in annual gross income with a 9.62% going-in cap rate. Fully occupied and professionally managed, the offering includes the additional property behind it at 1828 Harding St, adding 2,260 SF for a combined building size of 10,147 SF. Situated on a 24,422 SF total lot, the facility delivers stable, consistent cash flow. Prime central location—just minutes to Downtown Hollywood, I-95, Fort Lauderdale–Hollywood International Airport, and Hollywood Beach—providing unmatched convenience for residents, staff, and families.
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$2,519,225
|
$319.54
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$2,519,225
|
$319.54
|
| Taxes |
$88,679
|
$11.25
|
| Operating Expenses |
$1,671,043
|
$211.95
|
| Total Expenses |
$1,759,722
|
$223.20
|
| Net Operating Income |
$759,503
|
$96.33
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $2,519,225 |
| Annual Per SF | $319.54 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $2,519,225 |
| Annual Per SF | $319.54 |
| Taxes (CAD) | |
|---|---|
| Annual | $88,679 |
| Annual Per SF | $11.25 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $1,671,043 |
| Annual Per SF | $211.95 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $1,759,722 |
| Annual Per SF | $223.20 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $759,503 |
| Annual Per SF | $96.33 |
PROPERTY FACTS
| Price | $7,893,987 CAD | Lot Size | 0.42 AC |
| Price Per Bed | $157,880 CAD | Building Size | 7,884 SF |
| Sale Type | Investment | No. Beds | 50 |
| Cap Rate | 9.62% | No. Stories | 1 |
| Property Type | Health Care | Year Built | 1969 |
| Property Subtype | Assisted Living | Tenancy | Single |
| Building Class | C | ||
| Zoning | RM-18 - resi use | ||
| Price | $7,893,987 CAD |
| Price Per Bed | $157,880 CAD |
| Sale Type | Investment |
| Cap Rate | 9.62% |
| Property Type | Health Care |
| Property Subtype | Assisted Living |
| Building Class | C |
| Lot Size | 0.42 AC |
| Building Size | 7,884 SF |
| No. Beds | 50 |
| No. Stories | 1 |
| Year Built | 1969 |
| Tenancy | Single |
| Zoning | RM-18 - resi use |
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Walk Score®
Very Walkable (74)
Bike Score®
Very Bikeable (78)
PROPERTY TAXES
| Parcel Number | 51-42-10-28-0060 | Total Assessment | $2,862,466 CAD (2025) |
| Land Assessment | $306,856 CAD (2025) | Annual Taxes | $88,679 CAD ($11.25 CAD/SF) |
| Improvements Assessment | $2,555,610 CAD (2025) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
51-42-10-28-0060
Land Assessment
$306,856 CAD (2025)
Improvements Assessment
$2,555,610 CAD (2025)
Total Assessment
$2,862,466 CAD (2025)
Annual Taxes
$88,679 CAD ($11.25 CAD/SF)
Tax Year
2024
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1835 Wilson St - 50 Beds ALF
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