505 SE 16th St

Fort Lauderdale, FL, 03316

$4,500,000

$655 per ft²
$4,500,000
$655 per ft²
Active
Active
 - For Sale
carpenters-square
6,869 ft²
property_type
Commercial
calendar
Built 1975
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 UNIT MIX (4) Queen Efficiency’s (182 SF) (3) King Efficiency’s (288 SF) (3) Studio Suites w/ Full Kitchen (504 SF) (1) One Bedroom Suite w/ Full Kitchen (575 SF) (2) Two Bedroom Suites w/ Full Kitchen (696 SF) Large office & separate manger’s suite RENOVATIONS All 3 folios were renovated in 2021 & 2022 Over 20K in landscaping improvements since 2020 Over 50K in 2022 to update all of the rooms including paint, crown molding, bathroom vanities, shower floors, furniture and décor. Folio’s 445 & 505: Roofs were replaced in 2021; Folio 421 in 2020 All 3 folios have hurricane impact windows
MLS® ID:
F10358547
Listed:
11/30/22
Updated:
3/31/23

Interior Features

Total Bedrooms
0
Total Bathrooms
0
Cooling
Central Air
Heating
Central

Exterior/Building Features

Lot Size
0.49 acres lot
Sewer
Public Sewer

Other Property Details

Area Name
3600
Garage
No
Parking
N
Parking Total
14.0
View
N
County
Broward County
Water Source
Public
Pool
No
Total Stories
1

Courtesy of Level Realty Partners, LLC, Josh Deitchman,
Listing Contact: (954) 372-7280 

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Data last updated 10:17 PM UTC, 3/31/23

 

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