$990,000
( $388.24Per Sq Foot )
 $5,315 est/mo Sourced by Back At You

MLS Number: A11592284

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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).

Details

MLS#A11592284
Listing TypeFor Sale
StyleHospitality
Sub-TypeResale
StatusActive
Year1982
Days On Site240
Listing Provided ByBrokers, LLC | Mario Frech PA

Features

SQ Feet2,550
ZoningRMM-25
Acreage6751.00
MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the Miami Board of Realtors®

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Learn More About This Property

StateFL
CountyBroward
CityFort Lauderdale
Zip Code33304
Area3370
Listing VS Median (in 33304)
Price:
$990,000
low | high
Med:
$250,000
100% of Average
SqFt:
2,550
low | high
Med:
1,138
100% of Average
$ / SqFt:
$388
low | high
Med:
$220
93.414815998296% of Average
On Site:
240
low | high
Med:
1.000000
100% of Average
Sourced by Back At You
Listing Updated: January 16, 2025 at 7:35:24 PM PST
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