1112 5th Ave , for Sale

1112 5th Ave for Sale

Price $950,000.00

• Lot size 6751
• Year Build 1982
• Waterfront
• Zip 33304
• Style
• Parking Description
• Pool Yes
• Status Active

Description

An extraordinary investment opportunity in Fort Lauderdale: a bustling duplex hostel spanning 2,550 square feet on a generous 6,751 square foot lot. This property, built in 1986 and currently housing 16 beds within 8 spacious bedrooms, provides robust financial performance with Gross Revenue of $198,000 & an NOI of $124,000. Nestled in a rapidly evolving neighborhood, this flourishing hostel promises significant future growth potential. Its prime location, merely a 7-minute drive from the picturesque beach and a swift 5-minute commute from the urban center, enables guests to enjoy the best of Fort Lauderdale, enhancing its appeal as a sought-after tourist destination.

PROGRESSO 2-18 D LOT 31 & 32 BLK 145

An extraordinary investment opportunity in Fort Lauderdale: a bustling duplex hostel spanning 2,550 square feet on a generous 6,751 square foot lot. This property, built in 1986 and currently housing 16 beds within 8 spacious bedrooms, provides robust financial performance with Gross Revenue of $198,000 & an NOI of $124,000. Nestled in a rapidly evolving neighborhood, this flourishing hostel promises significant future growth potential. Its prime location, merely a 7-minute drive from the picturesque beach and a swift 5-minute commute from the urban center, enables guests to enjoy the best of Fort Lauderdale, enhancing its appeal as a sought-after tourist destination.

City:Fort Lauderdale,Zoning:RMM-25,List A O R:A-Miami Association of REALTORS,Stories:1,Latitude:26.1393054,List Price:950000,Listing Id:A11419772,Longitude:-80.1392602,Mls Status:Active,Year Built:1982,Postal Code:33304,Street Name:5th Ave,Coordinates:1:26.1393054,Photos Count:27,Business Type:1:Residential-Multi-Family,Days On Market:45,Lot Size Units:Square Feet,On Market Date:2023-07-17,Parcel Number:494234040940,Property Type:Commercial Sale,Stories Total:1,Street Number:1112,Public Remarks:An extraordinary investment opportunity in Fort Lauderdale: a bustling duplex hostel spanning 2,550 square feet on a generous 6,751 square foot lot. This property, built in 1986 and currently housing 16 beds within 8 spacious bedrooms, provides robust financial performance with Gross Revenue of $198,000 & an NOI of $124,000. Nestled in a rapidly evolving neighborhood, this flourishing hostel promises significant future growth potential. Its prime location, merely a 7-minute drive from the picturesque beach and a swift 5-minute commute from the urban center, enables guests to enjoy the best of Fort Lauderdale, enhancing its appeal as a sought-after tourist destination.,County Or Parish:Broward County,Expiration Date:2023-12-29,List Office Name:APEX Capital Realty LLC,Standard Status:Active,Living Area Units:Square Feet,Major Change Type:Price Decrease,Postal Code Plus4:4905,Property Sub Type:Income/MultiFamily,State Or Province:FL,Street Dir Prefix:NE,Tax Annual Amount:7343,Unparsed Address:1112 NE 5th Ave, Fort Lauderdale FL 33304,Listing Agreement:Exclusive Agency,Building Area Total:2550,Building Area Units:Square Feet,Lot Size Square Feet:6751,M I A M I R E_ For Sale Y N:1,Number Of Buildings:1,Original List Price:1100000,Previous List Price:1100000,Public Survey Range:49,I D X Participation Y N:1,Syndication Remarks:An extraordinary investment opportunity in Fort Lauderdale: a bustling duplex hostel spanning 2,550 square feet on a generous 6,751 square foot lot. This property, built in 1986 and currently housing 16 beds within 8 spacious bedrooms, provides robust financial performance with Gross Revenue of $198,000 & an NOI of $124,000. Nestled in a rapidly evolving neighborhood, this flourishing hostel promises significant future growth potential. Its prime location, merely a 7-minute drive from the picturesque beach and a swift 5-minute commute from the urban center, enables guests to enjoy the best of Fort Lauderdale, enhancing its appeal as a sought-after tourist destination.,Listing Contract Date:2023-07-17,Originating System I D:miamire,Public Survey Section:34,Street Number Numeric:1112,Tax Legal Description:PROGRESSO 2-18 D LOT 31 & 32 BLK 145,Public Survey Township:49,Originating System Name:Miami Association of REALTORS?,Contract Status Change Date:2023-07-17,Internet Address Display Y N:1,Dual Variable Compensation Y N:1,Transaction Broker Compensation:4%,Internet Entire Listing Display Y N:1,Transaction Broker Compensation Type:%,