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N/A, Fort Lauderdale, FL – $990,000

  • $990k Price
  • 94 DOM
  • $990k Price
  • 94 DOM

(Undisclosed Address)

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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Essential Information

  • MLS® #A11592284
  • Price$990,000
  • Bathrooms0.00
  • Year Built1982
  • TypeCommercial
  • Sub-TypeHotel/Motel
  • StatusActive

Community Information

  • AddressN/A
  • Area3370
  • CityFort Lauderdale
  • CountyBroward County
  • StateFL
  • Zip Code33304-4905

Additional Information

  • Listing Courtesy ofBeachfront Realty Inc
  • Date ListedMay 22nd, 2024
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Price Change History for N/A, Fort Lauderdale, FL (MLS® #A11592284)

Date Details Change
Price Increased from $890,000 to $990,000 $100,000 (11.24%)
Price Reduced from $990,000 to $890,000 $100,000 (10.10%)