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2648 NE 32nd St Fort Lauderdale FL 33306 MLS #F10483251

2648 NE 32nd St
Fort Lauderdale, FL, 33306
$4,500,000
Beds
0 Bathrooms
SqFt
0.45 Acres
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$4,500,000
2648 NE 32nd St
Fort Lauderdale, FL, 33306
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Project 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

Property Details

Price:
$4,500,000
MLS #:
F10483251
Status:
Active
Baths:
0
Type:
Commercial
Neighborhood:
3250
Listed Date:
Jan 31, 2025
Lot Size:
20,004 sqft / 0.45 acres (approx)
Year Built:
1959

Schools

Interior

Exterior

Financial

Gross Operating Income
$610,000
Net Operating Income
$375,000
Taxes
$18,298

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Map

Quick Information

Profitability of the Property

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Annual Profitability of:
2648 NE 32nd St
Fort Lauderdale, FL