Overview
Closing Costs Calculator- Status: Closed Sale
- Parking No info
- Size: No info
- Price Per: No info/No info
- Type: Commercial/Investment
- Built: 1975
- HOA: No info
- MLS Number: F10358547
- View No info
- On Site: 482 days
- Updated: 287 Days Ago
- Page Views: 1
This asset is currently licensed as a 13 hotel unit hotel with spacious furnished units and private bathrooms including a large office and 1/1 managers suite. All units are renovated including newer roofs and impact windows. Directly behind the office is a vacant cement lot which has endless potential. The seller had plans to convert this lot into a dog park for an upcharge on rooms or a mini golf course. This Hotel has gorgeous landscaping throughout and a tiki bar for guests to kick back and relax. Turnkey business, easy to run and manage. This is a great short term rental business with a stellar reputation and repeat clientele. The seller will consider owner financing
Contact AdvisorPrice History
Date | Event | Price | Change Rate | Price Per |
---|---|---|---|---|
06/13/2023 | Sold | $3,800,000.00 | 15.6% | $177.16 ft2/$1,906.89 m2 |
12/01/2022 | Listed | $4,500,000.00 | $209.79 ft2/$2,258.16 m2 |
Features
Property Details for 505 SE 16th St, Fort Lauderdale, FL 3316
- Bedrooms
- Bedrooms: No info
- Bedroom Description: No info
- Bathrooms
- Full Bathrooms:
- Half Bathrooms: No info
- Master Bathroom Description: No info
- Exterior and Lot Features
- Exterior Features: No info
- View: No info
- Interior, Heating and Cooling
- Interior Features: No info
- Appliances: No info
- Heating Description: Central Individual A/c
- Cooling Description: No info
- Building and Construction
- Floor Description: No info
- Windows/Treatment: No info
- Construction Type: No info
- Year Built: 1975
- Waterfront and Water Access
- Waterfront Property: No info
- Waterfront Frontage: No info
- Waterfront Description: No info
- Water Access: No info
- Water Description: Public Water
- School Information
- Elementary School: No info
- Middle School: No info
- High School: No info
- Other Property Info
- Community Name: No info
- Subdivision Name: No info
- Property Type: Commercial/Investment
- Property Subtype: Commercial/Industrial
- Type of Association: Homeowners
- Garage Spaces: No info
- Listing Date: 12/01/2022
- Closing Date: 06/13/2023
- Directions: The Lauderdale Hotel located in Fort Lauderdale between Whole Foods & the BMW Dealership right off US1 Federal Hwy. 8 min to downtown Fort Lauderdale/Las Olas Blvd, 7 min to the Fort Lauderdale International Airport and 9 min to Fort Lauderdale Beach.
- Area: 3600
- Brokered By: Level Realty Partners, LLC
- Taxes, Fees & More
- Maintenance/HOA Fees: No info
- Taxes (PLEASE NOTE THAT: Property taxes on resale can vary and prorated at approximately 2.0% of the purchase price and/or assessed market value. Tax rates differ between municipalities and may vary depending on location and usage): No info
- Type of building: Hotel/motel
- Occupancy Information: No info
- Occupancy Percentage: No info
- Property Type Description: Lauderdale Hotel
- Parking Description: No info
- Parking Spaces: 14
- Number of Units: 13
- Number of Floors: No info
- Number of Stories: 1
- Zoning Information: R O
- Total Acreage: 0.49
- Acreage Description: No info