Active Save Request In-Person Tour Request Virtual Tour
Fort Lauderdale,FL 33304
Key Details
Property Type Commercial
Sub Type Hotel/Motel
Listing Status Active
Purchase Type For Sale
Square Footage 2,550 sqft
Price per Sqft $388
MLS Listing ID A11592284
Year Built 1982
Annual Tax Amount $7,737
Tax Year 2023
Lot Size 6,751 Sqft
Property Description
The hostel, located at 1112 NE 5TH AVE, is a duplex with eight rooms and sixteen beds. It is strategically located a few minutes from Las Olas Boulevard near Fort Lauderdale airport, The Galeria at Fort Lauderdale, Port Everglades, and the Bonnet House. The property is a classic add-value investment, and a savvy investor can significantly increase the return on his investment. Its actual NOI is $93,696, rendering a Cap Rate of 9.46%. The property is also available without the business for $890,000 (ONLY THE REAL ESTATE).
Location
State FL
County Broward
Area 3370
Others
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional