Fort Lauderdale, FL 33304
Hotel-Motel
MLS #: A11592284
Courtesy Of Beachfront Realty, Inc
Property InformationDescription
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).
Features
- Age: 41-50 Years Old
- Amenities: Dock
- Architecture Style: Other
- Legal Description: PROGRESSO 2-18 D LOT 31 & 32 BLK 145
- MLSID: A11592284
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