1112 NE 5th Ave # 2, Fort Lauderdale FL 33304

Fort Lauderdale, FL, 33304
$990,000

Basics

Date added Added 1 week ago Category Type Status
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

  • 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

Amenities & Features

  • Waterfront available: No
  • GarageYN: No
  • AttachedGarageYN: No
  • CoolingYN: No
  • PoolPrivateYN: No
  • FireplaceYN: No

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