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  4. 2648 32nd St, Fort Lauderdale, FL 33306
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2648 32nd St
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PRICED AT ONLY: $4,500,000

Address: 2648 32nd St, Fort Lauderdale, FL 33306

Description

9% Cap Rate...Prime investment opportunity in Fort Lauderdale. Las Casitas Coral Ridge is a popular 16 unit boutique hotel set in highly desirable neighborhood of Coral Ridge and offering strong rental history. Just a few blocks from the beach, water taxi, and Coral Ridge Country Club. Surrounded by multimillion dollar homes. easy access to major roads including Federal Highway and Oakland Park Blvd., surrounded by popular shops and dining. Includes the properties at 2648 2640 NE 32nd St. The property consists of two buildings, 8 furnished units per building, ranging from hotel rooms, studios with kitchenettes, to 1 bedroom suites with living rooms and kitchens. One unit serves as a reception/office. Ample parking and a large lot of approx 0.45 acres. Seller financing option available

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  • MLS#: F10483251 ( Commercial/Industrial )
  • Street Address: 2648 32nd St
  • Viewed: 7
  • Price: $4,500,000
  • Price sqft: $671
  • Waterfront: No
  • Year Built: 1959
  • Bldg sqft: 6706
  • Days On Market: 281

Description

9% Cap Rate...Prime investment opportunity in Fort Lauderdale. Las Casitas Coral Ridge is a popular 16 unit boutique hotel set in highly desirable neighborhood of Coral Ridge and offering strong rental history. Just a few blocks from the beach, water taxi, and Coral Ridge Country Club. Surrounded by multimillion dollar homes. easy access to major roads including Federal Highway and Oakland Park Blvd., surrounded by popular shops and dining. Includes the properties at 2648 2640 NE 32nd St. The property consists of two buildings, 8 furnished units per building, ranging from hotel rooms, studios with kitchenettes, to 1 bedroom suites with living rooms and kitchens. One unit serves as a reception/office. Ample parking and a large lot of approx 0.45 acres. Seller financing option available
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Features
Building and Construction
  • Construction Type: Cbs Construction
  • Floor Description: Ceramic Floor, Tile Floors
  • Num Stories: 1.0000
  • Roof Description: Concrete Roof
  • Typeof Building: Hotel/Motel
  • Year Built Description: Resale
Property Information
  • Transaction Type Mlx: Sale
  • Typeof Property: Hotel
Land Information
  • Lot Sq Footage: 20004
  • Total Acreage: 0.4500
Garage and Parking
  • Parking Description: Common Parking
Eco-Communities
  • Water Description: Public Water
Utilities
  • Cooling Description: Central Individual A/C
  • Fire Protection: Smoke Detector
  • Number Of Units: 16
  • Sewer Description: Public Sanitation
Finance and Tax Information
  • Net Operating Income: 375000
  • Tax Year: 2023
Other Features
  • Board Identifier: BeachesMLS
  • Country: United States
  • Geographic Area: Ft Ldale NE (3240-3270;3350-3380;3440-3450;3700)
  • Information Available: Aerial Photo(S), Books & Records, Photos
  • Legal Description: CORAL RIDGE GALT ADD NO 2 32-50 B LOT 10 BLK 2
  • Locationof Property: In Residential Area
  • Miscellaneous Information: Kitchen Facilities, Private Restrooms
  • Occupancy Percentage: 73.2000
  • Parcel Number Mlx: 0230
  • Parcel Number: 494224010230
  • Possession Information: Funding
  • Postal Code + 4: 1514
  • Section: 24
  • Zoning Information: RMM-25
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Details for 2817 Oakland Park Blvd, Fort Lauderdale, FL 33306
$4,500,000.00 ($200.06 / sqft )

2817 Oakland Park Blvd Virtual Tour More Like This

Located on East Oakland Park Boulevard in Fort Lauderdale, this office building for sale presents a compelling opportunity for owner operators and investors, offering an in place cap rate of 8.36%. It

  1. Request Information
  1. Approx. 22493 sqft
  2. Approx. 14,860.00 acres
  1. MLSID: F10495959
  2. Provided by Native Realty Co.
  3. Contact Jaime Sturgis
  4. (954) 595-2999
  5. Fort Lauderdale, FL MLS IDX
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