Basics
Date added Added 1 week ago | Category Hotel/Motel | Type Commercial Sale | Status Active |
Lot size, sq ft 6751 sq ft | Year built 1982 | ListOfficeName Brokers, LLC | UnitNumber 1-2 |
ListAOR Miami Association of REALTORS® | MLS ID A11592284 |
Description
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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).
Location
- CountyOrParish: Broward County
Building Details
- NewConstructionYN: No
Video
- Virtual Tour: https://www.propertypanorama.com/instaview/mia/A11592284
Amenities & Features
- Waterfront available: No
- GarageYN: No
- AttachedGarageYN: No
- CoolingYN: No
- PoolPrivateYN: No
- FireplaceYN: No