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2001 Polk St - 105 Beds in a Prime Location 27,270 SF Health Care Building Offered at $17,806,773 CAD at a 8.11% Cap Rate in Hollywood, FL 33020
Investment Highlights
- Strong Financial Performance: Generates $3.5M+ in annual gross income with an 8.1% going-in cap rate.
- Stabilized & Turnkey: Fully occupied, professionally managed, and well-maintained for immediate cash flow.
- Operational Convenience: Central location offering easy access for residents, staff, medical providers, and visiting families.
- Large Licensed Facility: 105-bed Assisted Living Facility in a 27,270 SF, three-story building.
- Prime Hollywood Location: Minutes to I-95, Fort Lauderdale–Hollywood International Airport, and Hollywood Beach.
Executive Summary
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 SF 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.
Financial Summary (Actual - 2024) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$4,881,053
|
$178.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$4,881,053
|
$178.99
|
| Taxes |
$102,970
|
$3.78
|
| Operating Expenses |
$3,334,420
|
$122.27
|
| Total Expenses |
$3,437,391
|
$126.05
|
| Net Operating Income |
$1,443,663
|
$52.94
|
Financial Summary (Actual - 2024)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $4,881,053 |
| Annual Per SF | $178.99 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $4,881,053 |
| Annual Per SF | $178.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $102,970 |
| Annual Per SF | $3.78 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $3,334,420 |
| Annual Per SF | $122.27 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $3,437,391 |
| Annual Per SF | $126.05 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $1,443,663 |
| Annual Per SF | $52.94 |
Property Facts
| Price | $17,806,773 CAD | Building Class | B |
| Price Per Bed | $169,588 CAD | Building Size | 27,270 SF |
| Sale Type | Investment or Owner User | No. Beds | 105 |
| Cap Rate | 8.11% | No. Stories | 1 |
| Property Type | Health Care | Year Built | 1972 |
| Zoning | ND-3 - North Downtown High Intensity Mixed-Use District | ||
| Price | $17,806,773 CAD |
| Price Per Bed | $169,588 CAD |
| Sale Type | Investment or Owner User |
| Cap Rate | 8.11% |
| Property Type | Health Care |
| Building Class | B |
| Building Size | 27,270 SF |
| No. Beds | 105 |
| No. Stories | 1 |
| Year Built | 1972 |
| Zoning | ND-3 - North Downtown High Intensity Mixed-Use District |
1 1
Very walkable
80/100
Moderately drivable
70/100
Some public transit
40/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 51-42-15-01-1970 | Total Assessment | $4,424,102 CAD (2026) |
| Land Assessment | $560,194 CAD (2026) | Annual Taxes | $102,970 CAD ($3.78 CAD/SF) |
| Improvements Assessment | $3,863,908 CAD (2026) | Tax Year | 2024 |
Property Taxes
Parcel Number
51-42-15-01-1970
Land Assessment
$560,194 CAD (2026)
Improvements Assessment
$3,863,908 CAD (2026)
Total Assessment
$4,424,102 CAD (2026)
Annual Taxes
$102,970 CAD ($3.78 CAD/SF)
Tax Year
2024
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2001 Polk St - 105 Beds in a Prime Location
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