Fort Lauderdale, FL 33304
$990,000
10 more
Presented By: This listing is courtesy of Beachfront Realty Inc;
Disclaimer: The information contained in this listing has not been verified by Worth Clark Realty and should be verified by the buyer.
SQFT • 2,550
Home Details
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).
Presented By: This listing is courtesy of Beachfront Realty Inc;
Interior Features for
Bathrooms
Total Baths
Other Interior Features
Air Conditioning Y/NNo
Basement (Y/N)No
Electric On Property Y/NNo
Fireplace Y/NNo
Heating Y/NNo
General for
Additional Parcels Y/NNo
Attached Garage No
Carport Y/NNo
CityFort Lauderdale
CountyBroward County
Days on Market19
Garage Y/NNo
Gross Income152717.0
HOA / Comm AssnNo
Home Warranty Y/NNo
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
Legal DescriptionPROGRESSO 2-18 D LOT 31 & 32 BLK 145
Listing TermsCash, Conventional
Lot Size Square Feet6751.0
Lot Size UnitsSquareFeet
MLS Area3370
MobileHomeRemainsYNNo
Net Operating Income93696.0
New ConstructionNo
Occupancy TypeCallAgent
PossessionCloseOfEscrow
PostalCityFort Lauderdale
Private PoolNo
Property Attached Y/NNo
Property SubTypeHotelMotel
Property TypeCommercialSale
Rent Control Y/NNo
Senior Community Y/NNo
Standard StatusActive
StatusActive
Structure TypeHotelMotel
Tax Annual Amount7737.0
Tax Year2023
Unit Number1-2
View Y/NNo
Virtual TourClick here
Waterfront Y/NNo
Year Built1982
Zoning DescriptionRMM-25
Exterior for
Building Area Total2550.0
Covered Spaces0.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot Size Area6751.0
Open Parking Y/NNo
SpaNo
Additional Details
Price History
