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505 SE 16th Street

Fort Lauderdale , FL None

MLS#: F10358547

$4,500,000

Status: Closed
Listing number: F10358547
Listing provided by: Level Realty Partners, LLC
Listing agent phone: None
Last update: 4 days ago
On site: 3 years ago
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Property

Beds

None

Full Baths

None

1/2 Baths

None

Year Built

1975

Sq.Footage

N/A

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

Features & Amenities

Interior

  • Total Bedrooms

    N/A

  • Bathrooms

    N/A

  • Cooling YN

    YES

  • Cooling

    Central Air

  • Heating YN

    YES

  • Heating

    Central

  • Pet friendly

    N/A

Exterior

  • Garage

    No

  • Pool

    No

Area & Lot

  • Lot Size(acres)

    0.49

  • Property Type

    Commercial Sale

  • Property Sub Type

    Hotel/Motel

Price

  • Sales Price

    $4,500,000

  • Sq. Footage

    N/A

  • Price/SqFt

    N/A

HOA

  • Association

    No

School District

  • Elementary School

    N/A

  • Middle School

    N/A

  • High School

    N/A

Property Features

  • Stories

    1

  • Sewer

    Public Sewer

  • Water Source

    Public

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Location

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Broward

Elementary School

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Listing Courtesy of Paul M Julian , Level Realty Partners, LLC

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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

505 SE 16th Street

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