#1-2 ,Hotel for Sale

#1-2 for Sale

Price $990,000.00

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

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).

Please only vetted buyers. Submit the contract or LOI to the Listing agent. All visits should be made after a fully executed contract or LOI. The first viewing could be done within 48 hours of the effective date.

PROGRESSO 2-18 D LOT 31 & 32 BLK 145

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).

City:Fort Lauderdale,Zoning:RMM-25,List A O R:A-Miami Association of REALTORS,Tax Year:2023,Latitude:26.1392977,List Price:990000,Listing Id:A11592284,Longitude:-80.1392689,Mls Status:Active,Year Built:1982,Postal Code:33304,Unit Number:1-2,Coordinates:1:26.1392977,Gross Income:152717,Photos Count:15,Days On Market:153,Listing Terms:1:Conventional/Refinance,Lot Size Units:Square Feet,M I A M I R E_ Area:3370,On Market Date:2024-05-22,Parcel Number:494234040940,Property Type:Commercial Sale,Public Remarks: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).,County Or Parish:Broward County,List Office Name:Brokers, LLC,Private Remarks:Please only vetted buyers. Submit the contract or LOI to the Listing agent. All visits should be made after a fully executed contract or LOI. The first viewing could be done within 48 hours of the effective date.,Standard Status:Active,Living Area Units:Square Feet,Major Change Type:Price Increase,Postal Code Plus4:4905,Property Sub Type:Hotel/Motel,State Or Province:FL,Tax Annual Amount:7737,Unparsed Address:1112 NE 5th Ave # 2, Fort Lauderdale FL 33304,Listing Agreement:Exclusive Right To Sell,Building Area Total:2550,Building Area Units:Square Feet,Lot Size Square Feet:6751,Original List Price:990000,Previous List Price:890000,Public Survey Range:49,I D X Participation Y N:1,Net Operating Income:93696,Syndication Remarks: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).,Listing Contract Date:2024-05-22,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,Gross Scheduled Income:223280,Public Survey Township:49,Originating System Name:Miami Association of REALTORS?,M I A M I R E_ Internet Remarks:The property is a classic add-value investment, and a savvy investor can significantly increase the return on his investment.,Contract Status Change Date:2024-05-22,M I A M I R E_ Ok To Advertise List:With Written Broker Approval,Internet Entire Listing Display Y N:1,