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).
MLS# | A11592284 |
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Listing Type | For Sale |
Style | Hospitality |
Sub-Type | Resale |
Status | Active |
Year | 1982 |
Days On Site | 240 |
Listing Provided By | Brokers, LLC | Mario Frech PA |
SQ Feet | 2,550 |
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Zoning | RMM-25 |
Acreage | 6751.00 |
State | FL |
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County | Broward |
City | Fort Lauderdale |
Zip Code | 33304 |
Area | 3370 |
Listing VS Median (in 33304) | |
Price: $990,000 low | high Med: $250,000 SqFt: 2,550 low | high Med: 1,138 $ / SqFt: $388 low | high Med: $220 On Site: 240 low | high Med: 1.000000 |