$1,695,000

4549 Bougainvilla Drive #1-9

LAUDERDALE BY THE SEA FL, 33308

Description

9-UNIT HOTEL/MULTI-FAMILY HAS GONE THROUGH A MAJOR RENOVATION. 7 OF THE 9 UNITS HAVE BEEN GUTTED AND UPDATED WITH MODERN FINISHES; MARBLE FLOORS, MODERN KITCHENS WITH QUARTZ COUNTER TOPS, NEW BATHROOMS, RECESSED LIGHTING, SPLIT A/C UNITS, UPDATED ELECTRIC AND PLUMBING. THE ENTIRE BUILDING HAS IMPACT WINDOWS AND DOORS. HOTEL LICENSE COMES WITH THE PURCHASE. DAILY VACATION RENTALS ARE ALLOWED. DIRECTLY ONE BLOCK FROM THE SANDY BEACHES, RESTAURANTS, GROCERY STORES AND ENTERTAINMENT. 100% RENTED AT ALL TIMES. HIGHEST AND BEST USE IS AS A VACATION RENTAL, WHICH OFFERS A 9-10% CAP.

Details

MLS#U8060391
Sub-TypeResale
StatusActive
Year1950
Days On Site71

Features

SQ Feet2,952
Units9
Building(s)1
Property ViewYes

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Area Information

StateFL
CountyBroward
CityLAUDERDALE BY THE SEA
Zip Code33308
Area33308 - Fort Lauderdale
Listing VS Median (in 33308)
Price:
$1,695,000
low | high
Med:
$1,227,500
77.581120943953% of Average
SqFt:
2,952
low | high
Med:
2,715
58.028455284553% of Average
$ / SqFt:
$574
low | high
Med:
$440
73.292763933232% of Average
On Site:
71
low | high
Med:
64.500000
100% of Average
Listing Updated: 12/04/2019
MLS Number: U8060391
Listing Provided By:
Ronald Platt PA  of  KELLER WILLIAMS ST PETE REALTY

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