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).
Property Details
Price:
$990,000
MLS #:
A11592284
Status:
Active
Beds:
0
Baths:
0
Type:
Commercial
Subtype:
Hotel/Motel
City:
Fort Lauderdale
Listed Date:
May 22, 2024
State:
FL
Finished Sq Ft:
2,550
Total Sq Ft:
2,550
ZIP:
33304
Year Built:
1982
See this Listing
CENTURY 21 Carioti is a full service real estate company servicing the State of Florida with a headquarters in Orlando, FL.
More About CENTURYMortgage Calculator
Schools
Interior
Exterior
Financial
Tax Year
2023
Taxes
$7,737
Map
Community
- Address1112 NE 5th Ave # 2 Fort Lauderdale FL
- CityFort Lauderdale
- CountyBroward County
- Zip Code33304
Similar Listings Nearby
- 1823 – 1825 SW 1st Ave
Fort Lauderdale, FL$1,250,000
2.86 miles away
- 2710 W Sunrise Blvd
Fort Lauderdale, FL$1,200,000
2.50 miles away
- 537 NE 34th St
Oakland Park, FL$1,200,000
2.09 miles away
- 2600 N Andrews Ave
Wilton Manors, FL$1,200,000
1.45 miles away
Fort Lauderdale, FL$1,198,000
4.79 miles away
- 1227 South Andrews Ave
Fort Lauderdale, FL$1,090,000
2.27 miles away
Courtesy of Beachfront Realty Inc. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the Miami, FL. Detailed information about real estate listings held by brokerage firms other than CENTURY 21 Carioti include the name of the listing broker. Neither the listing company nor CENTURY 21 Carioti shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. Miami, FL. All rights reserved.
1112 NE 5th Ave # 2
Fort Lauderdale, FL
LIGHTBOX-IMAGES
Recent Comments