2648 NE 32nd St
Fort Lauderdale, FL 33306
Casitas Coral Ridge · Hospitality Property For Sale
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6,726 SF
Property Facts
About 2648 NE 32ND ST , FORT LAUDERDALE, FL 33306
Casitas - Value-add Hotel in Coral ridge - 2640-2648 NE 32nd St, Fort Lauderdale Property is in a great location. Situated near million-dollar homes and a few blocks away from the beach. Target & Publix are only a block away from the property. The Property is comprised of two buildings, 8 units in each side. 16 Units total. 3 units - 2bed/2 baths 10 Units -1 bed/1 bath - 3 units have a kitchenet. Value-add with rates below market; By adding new furniture, the new owner could raise the rates by at least 30%. The owner has in-house employees, including a housekeeper and a front desk person who only works from 10 am to 5 pm. Therefore, reservations are only accepted during these hours. The new owner could utilize the property as AIRBNB, eliminating the need to pay a front desk person and allowing reservations to be accepted throughout the day. The seller invested over $100k last year in upgrading most of the bathrooms. The property is zoned for residential and hotel use. It could potentially be re-develop into a 5 story building. 87% occupancy Below market rates, $89 per 1 bed and $98 per 2 bed. NOI: $282,661 Price: $5.2M
Property Taxes
| Parcel Numbers | Improvements Assessment | $1,443,300 | |
| Land Assessment | $320,060 | Total Assessment | $1,763,360 |
Property Taxes
