MLS # :A11592284 |
Price :$990,000 |
Status :
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Listing Date :May 22, 2024 |
Square Footage :Not Available |
County :Broward County |
Square Footage :Not Available |
Year Built :1982 |
Taxes :$7,737 Per Year |
Waterfront :No |
Virtual Tour :
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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). |
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Call: 305-998-9922
Sunny Realty
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