60 UNITS HOTEL/MOTEL IN HOLLYWOOD-21851

Lodging and Hospitality / Economy/Limited Service / 509 N. FEDERAL HIGHWAY , Hollywood Florida 33020

 
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Gulya Zhakupova

Capital Commercial Real Estate Group

Office Phone: 305-318-8250

Cell Phone: 305-318-8250

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Published on: Tuesday, June 17, 2014 11:26:53 AM
Updated on: Tuesday, June 17, 2014 11:26:53 AM
Purchase with B2B
Purchase with B2B
 Purchase with Business to Business
Quick Glance

Listing ID: CL-Florida-30837

Status: Accepting Offers

Financing: No Financing Available

Occupancy: 95%

Year Build: 0

 

Building Size: 20,380 SqFt

Lot Size: 1 Acre

No of Stories: 2

No of Parking: 0

Business Available for Sale: No

Is Net Lease Investment: No

Property On Ground Lease: No

Building Status: Existing

 Details

Offer to Millionaire Club: No

Listing Summary: Capital Commercial Real Estate Group, Inc is proud to exclusively present this beautiful 60room hotel located at 509 N Federal Highway, Hollywood, Florida, 33020.This stylish 60-room hotel, full-service "Zinn Inn Hotel" is one of the best quality hotels in Broward county. It is located in an area highly populated by hotels on Federal Highway. The Zinn Inn Hotel was built in 1962 and offers guests an outdoor oversized heated swimming pool, Pool Side Tikki bar, Cocktail Lounge, Patio Sun Deck and lounge chairs, guest laundry, etc. Rooms were recently upgraded. Room amenities include microwave, refrigerator, 32" Flat Screen TV, wireless internet, hair dryer, iron and ironing board, etc. The hotel is currently operating at a 95% occupancy rate with an $68 ADR . Assumable Mortgage Info Property has assumable mortgage amount of $3,995,000 with 4.25% interest rate, which will mature in 24 years. Monthly payment including principal and interest rate is $21,642.44. The property is located only

Acquisition Option Selected: Traditional Purchase

Cap Rate (%): 0

Commission Split (%): 2

Complete Details


Year Build: 0

Building Size: 20,380 SqFt.

No of Stories: 2

Total Lot Area: 1.00 Acre

No of Parking: 0

No of Total Units: 60

Property Current Status: Normal Sale

Building Status: Existing

Heating and Cooling: Heating and Cooling

Building Class: Not Specified

Property on Ground Lease?: No

Net Lease Investment?: No

Business Price Included?: No

Roofing: Not Specified

Occupancy: 95%

Full Description


Capital Commercial Real Estate Group, Inc is proud to exclusively present this beautiful 60room hotel located at 509 N Federal Highway, Hollywood, Florida, 33020.This stylish 60-room hotel, full-service "Zinn Inn Hotel" is one of the best quality hotels in Broward county. It is located in an area highly populated by hotels on Federal Highway. The Zinn Inn Hotel was built in 1962 and offers guests an outdoor oversized heated swimming pool, Pool Side Tikki bar, Cocktail Lounge, Patio Sun Deck and lounge chairs, guest laundry, etc. Rooms were recently upgraded. Room amenities include microwave, refrigerator, 32" Flat Screen TV, wireless internet, hair dryer, iron and ironing board, etc. The hotel is currently operating at a 95% occupancy rate with an $68 ADR . Assumable Mortgage Info Property has assumable mortgage amount of $3,995,000 with 4.25% interest rate, which will mature in 24 years. Monthly payment including principal and interest rate is $21,642.44. The property is located only few miles away from the world known Hollywood Beach and couple miles away from Fort Lauderdale International Airport. The Zinn Inn is also adjacent to the offices in the area, several restaurants on the beach and the Hollywood circle.

Additional Properties


Property Tenants
  • 95% OCCUPANCY
Property Utilities
  • EXCELLENT LOCATION

Actual - Cash Flow


Cash Flow Year Gross Income Effective GrossIncome Operating Expenses Net Operating Income Pre Tax Cash Flow Cap Rate
2013
$640,796.00
$0.00
$226,345.00
$414,451.00
$0.00
0%
Cash Flow for Current Listings
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