Amazingly successful and established 16 unit hotel / motel Airbnb business can document (with tax returns) $25,000 + per month real NOI. Net operating income can go as high as $30,000 per month in season. 90-100% occupancy always. Excellent location and cond

3 FEDERAL HWY, Dania Beach

$2,990,000 USD
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Address3 FEDERAL HWY, Dania Beach
Type of PropertyHotel / Motel
Type of BusinessHotel / Motel
Price$2,990,000
Previous Price$3,097,000 (50 days ago)
Property StatusActive
MLS NumberA10373625
Property Size20258
Lot Size20258
Year Built1956
Parking Space Number19
Folio Number504203040000
Gross Operating Income$587,000
Net Operating Income$425,680
Days on Market1269

Detailed Description: Amazingly successful and established 16 unit hotel / motel Airbnb business can document (with tax returns) $25,000 + per month real NOI. Net operating income can go as high as $30,000 per month in season. 90-100% occupancy always. Excellent location and condition, 10% cap rate on current numbers, not projected. Address / documentation disclosed upon a signed NDA, attached here.

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Address Information
StateFlorida
CityDania Beach
CountyBroward County
Zip Code33004
Address3 FEDERAL HWY
Zip Code (4 Digits)4102
Financial Information
Price$2,990,000
Price per Foot$0
Previous Price$3,097,000
Folio Number504203040000
Gross Operating Income$587,000
Net Operating Income$425,680
Tax Amount$14,919
Tax Year2016
Possession InformationNegotiable
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Detailed DescriptionAmazingly successful and established 16 unit hotel / motel Airbnb business can document (with tax returns) $25,000 + per month real NOI. Net operating income can go as high as $30,000 per month in season. 90-100% occupancy always. Excellent location and condition, 10% cap rate on current numbers, not projected. Address / documentation disclosed upon a signed NDA, attached here.
Cooling DescriptionWall / Window Unit (s)
Heating DescriptionWall / Window Units
Water DescriptionPublic
Sewer DescriptionPublic Sanitation
Parking DescriptionCommon
Property parameters
Living Area20258
Lot Size20258
Total Acreage0.000
Maximum Leasable Size20258
Year Built1956
Type of PropertyHotel / Motel
Type of BusinessHotel / Motel
Construction TypeCBS Construction
Parking Space Number19
Listed withKeller Williams Eagle Realty