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$990,000
Est. payment /mo
2,550 SqFt
UPDATED:
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
HOA Y/N No
Year Built 1982
Annual Tax Amount $7,737
Tax Year 2023
Lot Size 6,751 Sqft
Property Sub-Type Hotel/Motel
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
Exterior
Private Pool Yes
Others
Tax ID 494234040940
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Virtual Tour https://www.propertypanorama.com/instaview/mia/A11592284
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Listed by Brokers, LLC