1112 NE 5th Ave # 2 Fort Lauderdale FL 33304 MLS #A11592284

1112 NE 5th Ave # 2
Fort Lauderdale, FL, 33304
$990,000
Beds
0 Baths
2,550 SqFt
0 Acres
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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).

Property Details

Price:
$990,000
MLS #:
A11592284
Status:
Active
Beds:
0
Baths:
0
Type:
Commercial
Subtype:
Hotel/Motel
City:
Fort Lauderdale
Listed Date:
May 22, 2024
State:
FL
Finished Sq Ft:
2,550
Total Sq Ft:
2,550
ZIP:
33304
Year Built:
1982
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CENTURY 21 Carioti

CENTURY 21 Carioti

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Net Operating Income
$93,696
Tax Year
2023
Taxes
$7,737

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disclosure
Courtesy of Beachfront Realty Inc. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the Miami, FL. Detailed information about real estate listings held by brokerage firms other than CENTURY 21 Carioti include the name of the listing broker. Neither the listing company nor CENTURY 21 Carioti shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. Miami, FL. All rights reserved.
Rover IDX
1112 NE 5th Ave # 2
Fort Lauderdale, FL