Property Details
| Sold Price | $3,800,000 |
|---|---|
| Last Asking Price | $4,500,000 |
| Price per SqFt | — |
| Maintenance fee | Inquire |
| Property Taxes | Not yet assessed |
| Interior Space | — |
| Beds/Baths | —/— |
| Year Built | 1975 |
| Closed Date | 6/13/2023 |
| MLS # | F10358547 |
Estimated Costs
An estimate of condo or HOA fees and property taxes
From the listing
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 suiteRENOVATIONSAll 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
Listed by Level Realty Partners, LLC
Sales History for This Home · 505 SE 16th Street, Fort Lauderdale, FL 3316
| Sale ⇅ | Sold Price ⇅ | Closed Date ⇅ |
|---|---|---|
| F10031863 | $250,000 | 10/17/16 |
Listed by Level Realty Partners, LLC. Mark Zilbert of ONE Sotheby's International Realty is a cooperating (transaction) broker and helps buyers find properties in Fort Lauderdale and throughout South Florida.
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Location
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