Excellent investor opportunity. Popular Fort Lauderdale boutique hotel, Casitas Coral Ridge, is a 16-unit garden-style hotel in a prestigious neighborhood blocks from the beach & experiencing an exceptional rental history. The property is 0.9 miles to the beach, within close proximity to main arteries of N Federal Highway & E Oakland Park Blvd., within steps to the Coral Ridge Mall & includes 2648 & 2640 NE 32 St. Located in the prestigious areaof Coral Ridge, minutes from the Coral Ridge Country Club & Coral Ridge Yacht Club near million-dollar homes. Hotel features 2 buildings including 4 two-bedroom adjoining suites & hotel rooms for a total of 8 units in each building. One unit is currently used as a reception/ office. Property encompasses 200 linear feet of frontage Solld As Is
Complex:
CORAL RIDGE GALT ADD NO 2 32-50
Building Type:
Free Standing,Hotel / Motel,Income
Heating:
Central Building, Electric, Window/Wall
Cooling:
Electric, Wall-Win A/C
Current Use
Hotel/ Motel,Income
Utilities
Cable,Electric,Public Sewer,Public Water
Copyright ©2024 Beaches Multiple Listing Service, Inc
Listing courtesy of Compass Florida, LLC. Phone: (305) 851-2820
2648 NE 32 Street, Fort Lauderdale, FL, 33306
The rates and annual percentage rate (APR) displayed are based upon the following assumptions: a 20% down payment (e.g. $20,000 down on a $100,000 purchase price), conforming loan amount, $1,950 in finance charges, 30 days prepaid interest, 1 point, 30 day rate lock. The rates and annual percentage rate (APR) will vary depending upon the actual down payment percentages, points and fees for your transaction. Rates and the margin for adjustable rate mortgages [if applicable] are subject to change without prior notice and may vary with your unique credit history, and terms of your loan. The rates displayed vary by property state, may change or not be available at commitment or closing or may be subject to product restrictions.
The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first five years (for a 5/6 ARM) or seven years (for a 7/6 ARM) and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan. Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable -rate mortgages [if applicable], are subject to change without prior notice.
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