1222 16th Ave ,Adult Congregate for Sale

1222 16th Ave for Sale

Price $12,950,000.00

• Lot size 67730
• Year Build 1979
• Waterfront
• Zip 33020
• Style
• Parking Description
• Pool Yes
• Status Active

Description

The physical property consists of 28,798 SF, well situated on a large 67,730 SF lot. Full Staff will remain post closing. Included in the sale is Real Estate, Business, Business Related Licenses and Inventory. This is an excellent investment opportunity in an ALF market with very limited inventory. This is a Confidential Sale, Call for additional information.

This is a Confidential Sale, Call for additional information.

HOLLYWOOD PLACE 7-6 B LOT 3 TO 7 BLK 3

The physical property consists of 28,798 SF, well situated on a large 67,730 SF lot. Full Staff will remain post closing. Included in the sale is Real Estate, Business, Business Related Licenses and Inventory. This is an excellent investment opportunity in an ALF market with very limited inventory. This is a Confidential Sale, Call for additional information.

City:Hollywood,Zoning:RM-12,List A O R:A-Miami Association of REALTORS,Latitude:26.022245,List Price:12950000,Listing Id:A11520385,Longitude:-80.1395873,Mls Status:Active,Year Built:1979,Postal Code:33020,Street Name:16th Ave,Coordinates:1:26.022245,Photos Count:1,Lot Size Units:Square Feet,M I A M I R E_ Area:3030,On Market Date:2024-01-24,Parcel Number:514210170320,Property Type:Commercial Sale,Street Number:1222,Public Remarks:The physical property consists of 28,798 SF, well situated on a large 67,730 SF lot. Full Staff will remain post closing. Included in the sale is Real Estate, Business, Business Related Licenses and Inventory. This is an excellent investment opportunity in an ALF market with very limited inventory. This is a Confidential Sale, Call for additional information.,County Or Parish:Broward County,List Office Name:RE/MAX 5 Star Realty,Private Remarks:This is a Confidential Sale, Call for additional information.,Standard Status:Active,Living Area Units:Square Feet,Major Change Type:New,Postal Code Plus4:3741,Property Sub Type:Income/MultiFamily,State Or Province:FL,Street Dir Prefix:N,Tax Annual Amount:49060,Unparsed Address:1222 N 16th Ave, Hollywood FL 33020,Listing Agreement:Exclusive Right To Sell,Building Area Total:28798,Building Area Units:Square Feet,Lot Size Square Feet:67730,Original List Price:12950000,Public Survey Range:51,Senior Community Y N:1,I D X Participation Y N:1,Syndication Remarks:The physical property consists of 28,798 SF, well situated on a large 67,730 SF lot. Full Staff will remain post closing. Included in the sale is Real Estate, Business, Business Related Licenses and Inventory. This is an excellent investment opportunity in an ALF market with very limited inventory. This is a Confidential Sale, Call for additional information.,Listing Contract Date:2024-01-24,Originating System I D:miamire,Public Survey Section:10,Street Number Numeric:1222,Tax Legal Description:HOLLYWOOD PLACE 7-6 B LOT 3 TO 7 BLK 3,Public Survey Township:51,Originating System Name:Miami Association of REALTORS?,Sub Agency Compensation:1.0%,M I A M I R E_ Internet Remarks:110 Bed ALF; Total Building Size: 28,798 SF; Lot Size: 67,730 SF; Occupancy: 98%; Net Annual Income: $1,124,668.24; Actual CAP Rate: 8.68%,Contract Status Change Date:2024-01-24,Transaction Broker Compensation:1.0%,Internet Entire Listing Display Y N:1,M I A M I R E_ Compensation Disclaimer:BBC: 1.0%, The offer of compensation is made only to participants of the MLS where the listing is filed.,Transaction Broker Compensation Type:%,