505 SE 20 ST PeterDacko - LoopNet...505 SE 20 ST FORT LAUDERDALE P R O P O S A L TO M A R K E T $699,000 PeterDacko Media Realty & Advisors 954-923-2325 954-328-8248 [email protected]

505 SE 20 STFORT LAUDERDALE

P R O P O S A L T O M A R K E T

$699,000

PeterDacko

Media Realty & Advisors

954-923-2325

954-328-8248

[email protected]

mailto:[email protected]

This analysis has been prepared solely for informational purposes to assist the investor(s) in determining whether to proceed with the sale of the property. No representation as to the accuracy or appropriateness of the information is made. Although we believe the information to be reliable, we will not be liable for

misstatements of facts, errors, omissions, or prior sale of the property. Owners must verify the information when determining their best choice of action. 2Property ID-MF100

CONFIDENTIALITY AND DISCLAIMER

The information contained in the following Offering Memorandum is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from Media Realty & Advisors, Inc. (Media Realty)and should not be made available to any other person or entity without the written consent of Media Realty. This Marketing Brochure has been prepared to provide summary, unverified information to prospective purchasers, and to establish only a preliminary level of interest in the subject property.

The information contained herein is not a substitute for a thorough due diligence investigation. Media Realty has not made any investigation, and makes no warranty or representation, with respect to the income or expenses for the subject property, the future projected financial performance of the property, the size and square footage of the property and improvements, the presence or absence of contaminating substances, PCB's or asbestos, the compliance with State and Federal regulations, the physical condition of the improvements thereon, or the financial condition or business prospects of any tenant, or any tenant’s plans or intentions to continue its occupancy of the subject property.

The information contained in this Marketing Brochure has been obtained from sources we believe to be reliable; however, Media Realty has not verified, and will not verify, any of the information contained herein, nor has Media Realty conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. All potential buyers must take appropriate measures to verify all the information set forth herein.



MISSION STATEMENT

Media Realty was created in 2004 with the vision that real estate is the one common denominator that binds the neighborhoods to its residential and business communities alike.

Media Realty is a full-service real estate company with a business platform which includes brokerage services, property management, tenant placement services, and other ancillary services such as valuations, highest and best use analysis and tax abatement. Through our commitment of creating and maintaining long term relationships Media Realty is dedicated to reshaping our neighborhoods with best business practices and community involvement.

Media Realty will enable our clients to maximize their net returns by providing the best information which allows our clients to make the most educated decision in a timely manner.

Media Realty offers a unique value proposition no matter which side of the transaction you are on.



TABLE OF CONTENTS

S e c t i o n 1Market Report

S e c t i o n 2Subject Property

S e c t i o n 3Rent Survey

S e c t i o n 4Comparable Sales

S e c t i o n 5Financials



INTRODUCTION TO BROWARD COUNTY

Broward County is located within the Southeast Florida mega-region, which represents over one third of Florida’s overall population and is the third most densely populated area in the US. At 1,320 square miles, the county is considered the second largest in the state of Florida in terms of area. It is also the second most populated county in the State with 1.8 million people as of the 2010 census. With an inviting business environment and an exceptional quality of life, Greater Fort Lauderdale/Broward County is attracting small businesses, regional companies and Fortune 500 multinationals. In fact, CNN Money and Fortune Small Business (FSB) Report recently named Fort Lauderdale one of the top 100 U.S. cities in which to “Live and Launch a Business”.

Broward County is well known for its brilliant sunshine in the winter, and ocean breezes in the summer, but it is also a vibrant, diverse destination for many growing businesses, corporations and others who seek the unique South Florida lifestyle. Currently, the County consists of thirty-one (31) unique municipalities, from the bustling urban center of the City of Fort Lauderdale, to the tranquil rural lifestyle found in the Town of Southwest Ranches. The diversity of lifestyles and tremendous population growth has positioned Broward County to become the second most populated county in the State of Florida. Broward County is an urbanized county located in southeast Florida. It is bounded by Palm Beach County to the north, Miami-Dade County to the south, Hendry and Collier Counties to the west, and the Atlantic Ocean on the east. The County population has increased steadily from 5,135 in 1920 to more than 1.7 million in 2011. This dramatic increase has made Broward County the 15th largest County (in terms of population) in the United States and the second largest in the State of Florida, just behind Miami-Dade

One of the challenges residents of Broward County will face with is build-out.Broward County is the first County in the State to face the issue of build-out. Build-out occurs when available vacant or undeveloped land no longer exists. New development cannot occur without the demolishing, reconstructing, or subdividing of existing properties. As build-out becomes a reality, redevelopment within Broward County will be the future focus of how the County manages and directs growth, while protecting existing residential neighborhoods.

South Florida (Miami-Dade, Broward and Palm Beach Counties) is the 8th largest metropolitan statistical area (MSA) in the nation. The region, whose combined population is now nearly 6 million, has roughly one-third of Florida's total population. Approximately 60 percent of the population is in the prime working ages. The region has been designated a mega-region of the future and a driver of U.S. economic growth in Richard Florida's book Who's Your City?.

5



INTRODUCTION FORT LAUDERDALE FLORIDA

About Fort Lauderdale

City of Fort Lauderdale Overview

Incorporated on March 27, 1911, the City of Fort Lauderdale is situated on the southeast coast of Florida,

centrally located between Miami and Palm Beach. Encompassing more than 33 square miles with a

population of nearly 170,000, Fort Lauderdale is the largest of Broward County's 31 municipalities and

the eighth largest city in Florida. Embraced by the Atlantic Ocean, New River and a myriad of scenic

inland waterways, Fort Lauderdale truly lives up to its designation as the "Venice of America.“

The City of Fort Lauderdale is named for a Second Seminole War fortification built on the banks of New

River in 1838. In that year, Major William Lauderdale led a detachment of Tennessee Volunteers south

along the east coast of Florida to capture Seminole agricultural lands and battle the elusive Indian

warriors. Altogether, three forts named after Major Lauderdale would be constructed: the first at the fork

of New River; the second at Tarpon Bend; and the largest on the beach at the site of Bahia Mar. None of

the forts survives today.

An advantageous economic climate is helping the City of Fort Lauderdale establish itself as a world-class

international business center and one of the most desirable locations for new, expanding or relocating

businesses. Once known strictly as a tourism-based economy, Fort Lauderdale now supports a diverse

range of industries, including marine, manufacturing, finance, insurance, real estate, high technology,

avionics/aerospace, film and television production.

Fort Lauderdale also offers an outstanding quality of life, highlighted by a semi-tropical climate, rich

natural beauty and array of cultural, entertainment and educational amenities. Blessed with over 3,000

hours of sunshine each year and pleasant year-round ocean breezes, world-famous Fort Lauderdale

Beach offers premier opportunities for recreation, relaxation and enjoyment. The picturesque Riverwalk

serves as the cornerstone of the City's arts, science, cultural and historic district which features the

Broward Center for the Performing Arts, Museum of Discovery and Science, Museum of Art and Old Fort

Lauderdale Village and Museum. Las Olas Boulevard has gained international acclaim as Fort

Lauderdale's centerpiece of fashion, fine dining and entertainment. In addition, the City's downtown area

is home to Broward Community College, Florida Atlantic University, Florida International University, the

award-winning Broward County Main Library, federal, county and school district offices.

Through the cooperative efforts of residents, businesses and local government, Fort Lauderdale has

evolved into a City that offers the best of both worlds - an attractive business environment and an

outstanding quality of life. Fort Lauderdale is a great place to live, work and raise a family, and the City

looks forward to continuing to build upon its success to meet the challenges of the 21st Century and

beyond



FORT LAUDERDALE MULTI-FAMILY REPORT

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7

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SUBJECT PROPERTY



BROWARD COUNTY

PROPERTY APPRAISER’S

PROPERTY CARD

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http://www.bcpa.net/RecInfo.asp?URL_Folio=504215104750



SUBJECT PROPERTY

Zoning Designation RO

Zoning Description RO - Residential Office

Designating Agency Municipal

Future Land-Use

Designation

MEDIUM-HIGH

Flex Zone n/a

FAA Height Restriction FT. 75

FAA Facility ft laud-airport

FEMA Flood Zone 0.2 PCT Annual Chance Flood Hazard

Base Flood Elevation N/A

FEMA Panel 12011C0557H

CDGB Census Tract 042302

CDGB Eligible No

Pct. Low-Mod Income N/A

The purchase of this property represents a unique

opportunity to acquire a 5 Plex in the desirable area

known as Crescent Park which is in close proximity to 17th

St., Causeway. Currently the property is being utilized as

an Airbnb but the opportunity was underwritten as a 5

unit apartment building.

Located in the redevelopment zone of S. Andrews Ave.

the property has zoning which permits office residential.



AERIAL VIEW Zoning - RO (Residential Office)

Sou

th F

ed

era

l H

ighw

ay



LOCATION MAPCLICK HERE TO GOOGLE MAP

Poinciana Park is a

neighborhood in Fort

Lauderdale, Florida with a

population of 3,557.

Poinciana Park is in

Broward County. Living in

Poinciana Park offers

residents a suburban feel

and most residents rent

their homes. In Poinciana

Park there are a lot of

bars, restaurants, coffee

shops, and parks.

Residents of Poinciana

Park tend to lean liberal.

The public schools in

Poinciana Park are above

average.

https://www.google.com/maps/place/505+SE+20th+St,+Fort+Lauderdale,+FL+33316/@26.0936739,-80.1540815,14.75z/data=!4m5!3m4!1s0x88d900638a302851:0x5b66c97bb7ca28a3!8m2!3d26.0967876!4d-80.137472



NEIGHBORHOOD MAP Click here to Google Map

https://gis.fortlauderdale.gov/PropertyReporter/?extent=-8924259,3010070,-8918144,3012759,102100



SKETCH



PHOTO ADDENDUM



PHOTO ADDENDUM



PHOTO ADDENDUM



PHOTO ADDENDUM

RENT SURVEY



RENT SURVEY 1 BEDROOM APTS.

Address List Price Sale Price Bed Bath

SqFt

Liv

Area

Year

Built

Pool

YNH2O

427 SW 18th Ave $1,000 1 1 1965 No No

1816 SW 11th Ct Unit#2 $1,000 1 1 1964 No No

50 SE 12th Street Unit#10 $1,100 1 1 500 Yes No

1415 SW 1st Ave Unit#5 $1,200 1 1 1952 No No

908 W Las Olas Blvd Unit#Rear Upper $1,300 1 1 850 1923 No No

1401 Marina Mile Blvd $1,634 1 1 849 2015 Yes No

115 SW 19th Ave $750 1 1 200 1963 Yes No

335 SW 20th St Unit#7 $900 1 1 780 1975 No No

1015 W Las Olas Blvd Unit#3 $980 1 1 500 1963 No No

413 SE 16th St. $995 1 1 500 1962 No No

432 SE 20th St Unit#5 $1,000 1 1 0 1974 No No

1916 SW 11th St Unit#11 $1,150 1 1 850 1968 No No

307 SW 10TH AVE Unit#1 $1,200 1 1 1948 No No

200 SW 9th St Unit#1 $1,299 1 1 700 1965 No No

921 SW 4th Street Unit#3 $975 $950 1 1 1970 No No

407 SE 14th Ct Unit#1 $975 $975 1 1 500 No No

924 W Las Olas Blvd Unit#2 $995 $995 1 1 750 1961 No No

924 W Las Olas Blvd Unit#1 $1,050 $1,025 1 1 800 1961 No No

1431 SW 24th Ct Unit#1 $1,050 $1,050 1 1 700 1968 No No

505 SE 23RD ST Unit#3 $1,050 $1,050 1 1 600 1956 No No

1916 SW 11th St Unit#26 $1,075 $1,100 1 1 850 1967 No No

1916 SW 11th St Unit#28 $1,100 $1,125 1 1 850 1967 No No

100 SW 10th St Unit#104 $1,150 $1,050 1 1 625 1973 No No

2401 SW 15th Ave Unit#2401B $1,150 $1,150 1 1 600 1951 No No

412 SE 9th St Unit#2 $1,150 $1,150 1 1 1967 No No

408 SE 9th St Unit#3 $1,150 $1,150 1 1 1967 No No

404 SE 16th St Unit#2 $1,200 $1,200 1 1 1969 No No

1415 SW 1st Ave Unit#5 $1,200 $1,150 1 1 888 1951 No No

301 SW 8th St Unit#1 $1,225 $1,225 1 1 700 No No

301 SW 8th St Unit#1 $1,225 $1,225 1 1 700 No No

1207 W Las Olas Blvd Unit#B $1,275 $1,275 1 1 825 1959 No No

600 N Rio Vista Blvd Unit#B $1,300 $1,300 1 1 738 1975 No No

2445 SW 18th Ter Unit#104 $1,300 $1,300 1 1 682 1988 Yes No

200 SW 9th St Unit#4 $1,300 $1,300 1 1 700 1965 No No

713 SW 7TH ST Unit#713 $1,400 $1,400 1 1 920 1960 No No

$1,137 $1,150

Ac

tive

Pe

nd

ing

Sale

Re

nte

d

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RENT SURVEY 3 BEDROOM APTS.

AddressCity

Name

Current

PriceSale Price

Closing

Date

Days on

MarketBed Bath

SqFt Liv

Area

Year

BuiltPool YN

416 SW 11th Ct Unit#Front Fort Lauderdale $1,900 11 3 2 1,000 1947 Yes

509 SW 15th St Fort Lauderdale $2,600 92 3 2 2,662 1972 No

817 SE 2nd Ave Unit#513 Fort Lauderdale $2,650 224 3 2 1,275 2018 Yes

819 SW 14TH ST Fort Lauderdale $1,750 217 3 2 2,478 1969 No

825 SW 14th St Unit#2 Fort Lauderdale $1,600 $1,600 11/10/2018 30 3 2 1,425 1968 No

2150 SW 16 CT Fort Lauderdale $1,750 $1,750 8/21/2018 50 3 3 1,250 1961 No

902 Mandarin Isle Unit#East Fort Lauderdale $1,995 $1,995 11/1/2018 76 3 2 1,350 1970 No

2600 Marina Bay Drive East Unit#3-203 Fort Lauderdale $2,195 $2,195 10/2/2018 363 3 2 1,431 Yes

$2,055 $1,885

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COMPARABLE SALES



COMMENTS DIRECT SALES COMPARISON

A comparable sale is property that is similar to the subject property in most respects. It is located in a nearby location. It has recently sold for a

fair market value. The selection of comparable sales is in most appraisals is the single most determining factor in establishing the value. The

responsibility is to fully research the local real estate market and determine which comparable sales represent the best value characteristics of the

subject property.

The market or direct sales comparison approach to an estimate of value is a process of comparing market data, that is, prices paid for similar

properties, prices asked by owners, and offers made by prospective buyers or the tenants willing to buy or lease. Typically a comparison grid is

used and adjustments are made to each comparable sales used for major differences between the comparable and the subject property for such

items as location, construction quality and significant amentias, etc. In the market approach, the attempts are made to both gauge and reflect the

anticipated reaction by a typical purchaser to the subject property.



COMPARABLE GRID5+ UNITS

PRIMARY EMPHASIS

Property Address Property City Asking Price Sale Price Sale DateYear

Built

#

UnitsBldg SF Price Per SF Price Per Unit

Cap

Rate

505 SE 20th St Fort Lauderdale $749,900 1939 5 3035 $247.08 $149,980

220-228 SW 8th St Fort Lauderdale $427,500 9/13/2018 4 3034 $140.90 $106,875

241 SW 23rd St Fort Lauderdale $475,100 6/22/2018 1965 4 3855 $123.24 $118,775

1620 SW 25th St Fort Lauderdale $487,500 1/2/2019 1955 4 4328 $112.64 $121,875

1548 SW 23rd Ct Fort Lauderdale $495,000 8/15/2018 1957 3 2395 $206.68 $165,000

1548 SW 23rd Ct Fort Lauderdale $549,000 $495,000 8/17/2018 1957 3 2395 $206.68 $165,000 5.3

916 SW 8th Ave Fort Lauderdale $555,000 6/12/2018 4 2913 $190.53 $138,750

427-501 Davie Blvd Fort Lauderdale $665,000 6/7/2018 1969 4 3194 $208.20 $166,250

729-731 SW 4th Ct Fort Lauderdale $1,295,000 $1,100,000 6/8/2018 1964 8 4724 $232.85 $137,500 5.0

1440 Miami Rd Fort Lauderdale $1,565,000 8/29/2018 1965 10 7499 $208.69 $156,500 7.0

$187.75 $142,651

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COMPARABLE GRID4 UNITS

SECONDARY EMPHASIS

AddressCity

Name

Current

PriceSale Price Closing Date

Days

on

Market

#

Units

Adj

Area

SF

Unit Breakdown & Rent

AnalysisPrice/Unit Price/Sf GRM

Cap

Rate

Year

Built

206 SW 21st St Fort Lauderdale $485,000 25 4 2,250 4 (1/1) $995 $121,250 $215.56 10.1 6.39% 1974

1111-1115 SW 29 ST Fort Lauderdale $500,000 64 4 2060 2 (0/1) $750 & 2 ( 1/1) $950 $125,000 $242.72 11.9 5.43% 1952

617 SE 16th St Fort Lauderdale $575,000 61 4 2585 3 (1/1) $960 & 1 (2/1) $1321 $143,750 $222.44 11.4 5.66% 1965

330 SW 19th St Fort Lauderdale $615,000 Price Mod. 129 4 2,548 4 (1/1) $1260 $153,750 $241.37 10.2 6.35% 1969

842 SW 2nd street Fort Lauderdale $779,000 Price Mod. 307 6 3701 4 (1/1) $975 $129,833 $210.48 16.6 3.88% 1960

1516 SW 5th Pl Fort Lauderdale $799,000 319 4 5,117 4 (3/2) $1600 $199,750 $156.15 10.4 6.21% 1971

632 SW 16 AVE. Fort Lauderdale $949,000 97 4 4,855 4 (4/2) $2270 $237,250 $195.47 8.7 7.42% 1976

817 SW 4th St Fort Lauderdale $550,000 51 4 3,072 3 (1/1) $1145 & 1(2/1) $1400 $137,500 $179.04 9.5 6.81% 1965

911 SW 15th Ter Fort Lauderdale $599,000 Price Mod. 183 4 3,596 4 (2/1) $1175 $149,750 $166.57 10.6 6.08% 1957

412 SE 22nd St Fort Lauderdale $599,000 Price Mod. 224 4 2,520 3 (1/1) $950 & 1 (3/2) $1650 $149,750 $237.70 11.1 5.82% 1956

813 SW 14th Ave Fort Lauderdale $559,000 Price Mod. 22 4 2,636 4 (2/1) $1075 $139,750 $212.06 7.8 8.25% 1966

1460 SW 24 CT #1-4 Fort Lauderdale $575,000 Price Mod. 209 4 3,780 4 (2/2) $1250 $143,750 $152.12 9.6 6.74% 1984

731 SW 14th Ave Fort Lauderdale $599,000 71 4 2,636 4 (2/1) $1200 $149,750 $227.24 10.4 6.21% 1967

228 SW 8th St Fort Lauderdale $619,900 $427,500 9/14/2018 51 4 2,940 4 (2/1) $850 $106,875 $145.41 10.5 6.17% 1969

1620 SW 25th St Fort Lauderdale $520,000 $487,500 1/2/2019 70 4 2,818 4 (1/1) $950 $121,875 $173.00 10.4 6.20% 1956

619 SE 14th Ct Fort Lauderdale $720,000 $650,000 1/24/2019 6 4 3,130 2 (1/1) $1350 & 2 (2/2) $4000 $162,500 $207.67 5.1 12.76% 1972

On Market $152,372 $204.53 10.6 6.25%

Sold $130,417 $175.36 8.6 8.38%

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INCOME & EXPENSES



CASH FLOW ANALYSIS & UNDERSTANDING CAP RATES

equals CASH ON CASH RETURN

less DEBT SERVICE

equals NET OPERATING

INCOME (NOI)

less OPERATING EXPENSES

Equals EFFECTIVE GROSS

INCOME (EGI)

less VACANCIES

POTENTIAL GROSS

INCOME (PGI)

Example: A property has a NOI of $100,000 and a Cap Rate of 10%. Thus a value of $1,000,000

As the Cap increases to 11% the price decreases to $909,000

Conversely as the Cap Rate decreases to 9% the overall value has increased to $1,100,000

Sub-Market: For each $1,000 of NOI, our market responds with between $11,000 to $12,000 of value

=Value

Net Operating Income (NOI)Capitalization Rate

$100,000

10%= $1,000,000

$100,000

11%= $909,091

$100,000

9%= $1,111,111

Buyer: Cap Rate goes up

Seller: Cap Rate goes down

5 MONTHLY RENTAL INCOMES

Income & Expense

Primary Emphasis



INCOME &E X P E N S EAPPROACH TO VALUE

Price:

25% $174,750 Terms:

5

$139,800

9.7

5.63%

8.6

7.28%

$23.72

1958

6,977.0

3,035

$230.31

$72,000

3,600

68,400$

29,049

39,351$

33,138

6,214$ *

11,573

17,787$ *

Taxes: 13,039$

No BDRMS/ Unit Monthly Monthly Monthly Monthly 4,500

Beds BATHS Size Rent/Unit Income Rent/Unit Income 2,250

4 1/1 $1,100 $4,400 $4,800 3,600

1 3/1 $1,800 $1,500 $1,875 1,200

540

500

3,420

$5,900 $6,675

100 100 29,049$

$6,000 $9.57

Annual Scheduled Gross Income: $72,000 $81,300 Per Unit: $5,809.78

Current CAP:

Approximate Net RSF:

Cost per Net RSF:

Gross Operating Income:

Less Expenses:

Current Rents

Scheduled Gross Income:

Market GRM:

Market CAP:

SQ FTApproximate Lot Size:

Less Vacancy Rate Reserve:

Annual Rent per Square Foot:

Approximate Age:

Annualized Operating Data

40.35%

Down Payment:

Price Per Unit

Current GRM:

$524,250Obtain 1st Mortgage

30

$699,000

$2,761.46

Number of Units:

Monthly Payment:

Summary Proposed Financing

interest

yr. amortization

4.75%

33,138

5.00%

Market Rent

4,065

$81,300

11,573

Annualized ExpensesScheduled Income

Less Loan Payments:

Pre Tax Cash Flow:

Total Return Before Taxes:

Plus Principal Reduction:

17,749$

Short Term Vacation/Hostel Rentals

Licenses

77,235$

26,349

5.00%

10.18%

10.16%

34.12%

50,886$ Net Operating Income:

*As Percent of Down Payment

3.56%

29,322$

Electric

16.78%

Management

Monthly Rentals

Water Sewer Trash

Total Expenses:

Per Net Sq.Ft.:

Maintenance:

Rate:

Monthly Scheduled Gross Income:

Total Scheduled Rent:

$6,775

Landscaping

$1,200

Insurance:

$1,875

5 Monthly Rentals

VACATION RENTALS

Income & Expense



INCOME &E X P E N S EAPPROACH TO VALUE

Price:

25% $174,750 Terms:

5

$139,800

1.6

18.88%

Annual Rent per Square Foot: $142.34

Approximate Age: 1958

Approximate Lot Size: 6,977.0 SQ FT

3,035

$230.31

$432,000

216,000

216,000$

84,039

131,961$

33,138

98,824$ *

11,573

110,397$ *

Taxes: 13,039$

No BDRMS/ Unit Daily Monthly 9,700

Beds BATHS Size Rent/Unit Income 6,000

20 1/1 $30 $18,000 3,600

20 3/1 $30 $18,000 1,200

9,000

500

36,000

5,000

$36,000

84,039$

$36,000 $27.69

Annual Scheduled Gross Income: $432,000 Per Unit: $16,807.78

Management & Labor

Supplys

Water Sewer Trash

Total Expenses:

Per Net Sq.Ft.:

Maintenance:

Rate:

Monthly Scheduled Gross Income:

Total Scheduled Rent:

Landscaping

Insurance:

Short Term Vacation/Hostel Rentals

Licenses

63.17%

Net Operating Income:

*As Percent of Down Payment

56.55%

Electric

Annualized ExpensesScheduled Income

Less Loan Payments:

Pre Tax Cash Flow:

Total Return Before Taxes:

Plus Principal Reduction:

50.00%

Summary Proposed Financing

interest

yr. amortization

4.75%Down Payment:

Price Per Unit

Current GRM:

$524,250Obtain 1st Mortgage

30

$699,000

$2,761.46

Number of Units:

Monthly Payment:

Current CAP:

Approximate Net RSF:

Cost per Net RSF:

Gross Operating Income:

Less Expenses:

Current Rents

Scheduled Gross Income:

Less Vacancy Rate Reserve:

Annualized Operating Data

19.45%

Short Term/Hostel

Vacation Rental

The property is currently

being rented the out on as

short term vacation rentals,

thru AirBNB, VRBO, and

some other channels. The

current owner rents the

units as "shared" rooms like

Hostel style living.

Documents

505 SE 20 ST PeterDacko - LoopNet...505 SE 20 ST FORT LAUDERDALE P R O P O S A L TO M A R K E T $699,000 PeterDacko Media Realty & Advisors 954-923-2325 954-328-8248 [email protected]