Welcome to an exceptional opportunity in the heart of Hollywood, FL, the center of Broward County tourism. This property has 28 motel units that have proudly served patrons for over three decades. All units have been remodel. Enjoy the convenience of staying within close distance of iconic landmarks like Hollywood Beach, Downtown Hollywood, Hallandale Gulfstream Casino’s vibrant street life, making it easy to explore and immerse yourself in the neighborhood's rich culture.
This turn-key asset is fully equipped and furnished and ready for immediate operation. Alternatively, an investor may opt to optimize the density and build vertically due to the FH-2 zoning. Sale includes multiple buildings, as they operate as one or could be operated independently. Great 6.6% CAP return per year.
Shell Motel: Featuring 15 recently renovated motel rooms.
Roof: Completed in 2023.
1740 Rodman: Comprising of 4 units. 2 units are 2/2 and 2 apartments are 1/1.
Roof: Approximately 10 years old.
1748 Rodman Street: 3 units are 1/1, 2 hotel rooms, 1 efficiency and house 3/2.
Roof: Approximately 10 years old.
1736-1738 Rodman Street: A duplex with a large one-bedroom, one-bathroom units.
Roof: 4 years old.