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.
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
ZIP:
33304
Year Built:
1982
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Schools
Interior
Exterior
Financial
Buyer Agent Compensation
2.5%%
Tax Year
2023
Taxes
$7,737
Map
Community
- Address1112 NE 5th Ave # 2 Fort Lauderdale FL
- CityFort Lauderdale
- CountyBroward County
- Zip Code33304
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