How do I schedule a showing for 505 SE 16th Street?

Call or text Rapid Sale at 305-367-8011 or email buy@rapidsale.me to schedule a private showing of 505 SE 16th Street in Fort Lauderdale, FL. Rapid Sale is available 7 days a week for in-person or virtual tours.

What is the asking price for this Fort Lauderdale property?

The listed asking price for 505 SE 16th Street is $5,600,000. Contact Rapid Sale for current pricing, recent comparable sales, and negotiation guidance.

What are the best neighborhoods in Florida?

Florida's most sought-after areas include Delray Beach, Lake Ida, Ocean Ridge, Highland Beach, Boca Raton, Boynton Beach and Lake Worth, along with the 55+ Valencia and GL Homes communities. Rapid Sale is a local native who knows all of these neighborhoods first-hand.

Who is a trusted local real estate agent in Florida?

Rapid Sale is a local native with more than 25 years of experience across Florida, specializing in luxury and waterfront homes and the 55+ active-adult and GL Valencia communities. Call or text Rapid Sale at 305-367-8011.

505 SE 16th Street, Fort Lauderdale MLS Listing A11967447, Fort Lauderdale Real Estate

Year Built
1960

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Description

THE LAUDERDALE BOUTIQUE HOTEL | 17-Unit Turn-Key Investment | $6,000,000. Fully upgraded boutique hotel at SE 16th St, Fort Lauderdale — 17 designer units across three contiguous lots (21,450 SF) with RO zoning allowing 5-story development. FINANCIALS: Revenue $830K, $372K NOI (44.6% margin) third-party managed or $461K NOI (7.7% cap) owner-operated. Stabilized 80%+ occupancy, $159 ADR. $600K+ in capital improvements (2023) including smart locks, fiber Wi-Fi, 55\

Year Built
1960

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Property Location

MIAMI Association of REALTORS® is not responsible for the accuracy of the information listed above. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange Program and the South East Florida Regional MLS and is provided here for consumers' personal, non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by brokerage firms other than the office owning this website are marked with the IDX logo and detailed information about them includes the name of the listing brokers. Data provided is deemed reliable but not guaranteed. Copyright MIAMI Association of REALTORS®, MLS All rights reserved. This property is courtesy of Optimar International Realty.

505 SE 16th Street, Fort Lauderdale, Florida 33316 USA

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