$990,000
( $388.24Per Sq Foot )
$5,315 forsale estimated payment Sourced by Back At YouMls Number: A11592284
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 Type | For Sale |
| Style | Hospitality |
| Subtype | Resale |
| Status | Active |
| Year | 1982 |
| Days On Site | 206 |
| Listing Provided By | Brokers, LLC | Mario Frech PA |
Features
| Sq Feet | 2,550 |
|---|---|
| Zoning | RMM-25 |
| Acreage | 6751.00 |
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Learn More About This Property
| State | FL |
|---|---|
| County | Broward |
| City | Fort Lauderdale |
| Zip Code | 33304 |
| Area | 3370 |
| Listing VS Median (in 33304) | |
Price: $990,000 low | high Med: $245,000 SqFt: 2,550 low | high Med: 639 $ / SqFt: $388 low | high Med: $383 On Site: 206 low | high Med: 13.000000 | |
Listing Updated: December 12, 2024 at 5:27:17 PM PST