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2001 Polk St - 105 Beds in a Prime Location 27,270 SF Health Care Building Offered at $17,643,330 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 |
$4,836,251
|
$177.35
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$4,836,251
|
$177.35
|
| Taxes |
$102,025
|
$3.74
|
| Operating Expenses |
$3,303,815
|
$121.15
|
| Total Expenses |
$3,405,840
|
$124.89
|
| Net Operating Income |
$1,430,412
|
$52.45
|
Financial Summary (Actual - 2024)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $4,836,251 |
| Annual Per SF | $177.35 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $4,836,251 |
| Annual Per SF | $177.35 |
| Taxes (CAD) | |
|---|---|
| Annual | $102,025 |
| Annual Per SF | $3.74 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $3,303,815 |
| Annual Per SF | $121.15 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $3,405,840 |
| Annual Per SF | $124.89 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $1,430,412 |
| Annual Per SF | $52.45 |
Property Facts
| Price | $17,643,330 CAD | Building Size | 27,270 SF |
| Price Per Bed | $168,032 CAD | No. Beds | 105 |
| Sale Type | Investment or Owner User | No. Stories | 1 |
| Cap Rate | 8.11% | Year Built | 1972 |
| Property Type | Health Care | ||
| Zoning | ND-3 | ||
| Price | $17,643,330 CAD |
| Price Per Bed | $168,032 CAD |
| Sale Type | Investment or Owner User |
| Cap Rate | 8.11% |
| Property Type | Health Care |
| Building Size | 27,270 SF |
| No. Beds | 105 |
| No. Stories | 1 |
| Year Built | 1972 |
| Zoning | ND-3 |
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 | $4,388,072 CAD (2026) |
| Land Assessment | $555,632 CAD (2026) | Annual Taxes | $102,025 CAD ($3.74 CAD/SF) |
| Improvements Assessment | $3,832,441 CAD (2026) | Tax Year | 2024 |
Property Taxes
Parcel Number
51-42-15-01-1970
Land Assessment
$555,632 CAD (2026)
Improvements Assessment
$3,832,441 CAD (2026)
Total Assessment
$4,388,072 CAD (2026)
Annual Taxes
$102,025 CAD ($3.74 CAD/SF)
Tax Year
2024
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2001 Polk St - 105 Beds in a Prime Location
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