REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 990,000
Est. payment | /mo
2,550 SqFt
$ 990,000
Est. payment | /mo
2,550 SqFt
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 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
Tax ID 494234040940
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Listed by Brokers, LLC
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "
9160 Forum Corporate Pkwy, Ste 350, Myers, FL, 33905, United States