RENOVATED HOTEL, MULTI FAMILY WITH TRANSFERABLE HOTEL LICENSE. RENOVATED UNITS, IMPACT WINDOWS AND DOORS, TWO BLOCKS FROM THE SANDY BEACHES.

Florida, Lauderdale By The Sea

$1,649,000 / USD1,649,000

Location: Florida, Lauderdale By The Sea Plot size & built up area: Sqft Property Availability Status :
9-UNIT HOTEL/MULTI-FAMILY HAS GONE THROUGH A MAJOR RENOVATION. 6 OF THE 9 UNITS HAVE BEEN GUTTED AND UPDATED WITH MODERN FINISHES; MARBLE FLOORS, MODERN KITCHENS WITH QUARTZ COUNTER TOPS, NEW BATHROOMS, RECESSED LIGHTING, SPLIT A/C UNITS, UPDATED ELECTRIC AND PLUMBING. THE ENTIRE BUILDING HAS IMPACT WINDOWS AND DOORS. HOTEL LICENSE COMES WITH THE PURCHASE. DAILY VACATION RENTALS ARE ALLOWED. DIRECTLY ONE BLOCK FROM THE SANDY BEACHES, RESTAURANTS, GROCERY STORES AND ENTERTAINMENT. 100% RENTED AT ALL TIMES. HIGHEST AND BEST USE IS AS A VACATION RENTAL, WHICH OFFERS A 9-10% CAP.
General Description
Web Reference: RO-RETSCLS-MX-1854868113
Ref/MLS No: A10618480
Country: United States
State: Florida
City: Lauderdale By The Sea
Latitude: 26.194279
Longitude: -80.09737000000001
Exclusive: No
Property Type: Commercial
Commercial Property Type: Hotel/Hotel Apartments
Furnished: No
Tenanted: No
No. of Bathrooms:
Attributes
Lot/Plot Size SqF: 5923.00
Lot/Plot Size SqM: 550.16