1112 NE 5th Ave - Hospitality FOR SALE


Fort Lauderdale, FL 33304- Middle River Terrace
$799,000 USD
305-608-5190
1112 NE 5th Ave, Fort Lauderdale, FL for Sale
$799,000 USD
Hospitality - FOR SALE
1/22
null | Request Cap Rate

1112 NE 5th Ave
Fort Lauderdale, FL 33304
Middle River Terrace


HIGHLIGHTS

  • Strategic location just 15 minutes from the beach
  • Close proximity to restaurants, banks, and entertainment.

OVERVIEW

Seize a rare opportunity to own a well-positioned duplex featuring two expansive units, each with four bedrooms and two bathrooms, ideal for maximizing rental income or accommodating large households. Strategically located just minutes from Las Olas Boulevard, Fort Lauderdale-Hollywood International Airport, The Galleria, Port Everglades, and the historic Bonnet House, this property offers unparalleled access to vibrant dining, shopping, and cultural attractions. This is a rare opportunity to secure a property with proven profitability and exceptional adaptability, perfect for both hands-on and passive investors. Currently operated as a thriving hostel, the property generates steady monthly income from short-term stays, making it an attractive turnkey investment. For those seeking a more passive approach, each unit can be leased individually as spacious apartments, with projected annual rental yields of 6.7% based on local market rates. This versatile asset offers multiple income streams and the flexibility to tailor your investment strategy for maximum returns. Aggressively priced to attract savvy investors, this duplex presents a unique opportunity to acquire a high-potential asset in one of Fort Lauderdale’s most desirable locations. Don’t miss your chance to capitalize on this exceptional property—act now!

FOR SALE DETAILS

PRICE

$799,000 USD

PRICE/SF

$313 USD /SF

# OF ROOMS

8

PRICE/ROOM

$99,875 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Crocodhouse

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

1

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1982

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,751 SF

ZONING

RMM-25

APN/PARCEL ID

49-42-34-04-0940

ASK ABOUT THIS PROPERTY

Mario Francisco Frech PABroker's LLCMore Info
305-608-5190

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Mario Francisco Frech PABroker's LLCMore Info
305-608-5190

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.