Eden Hotel 3020-3024 Seville St
25 Room Hotel Fort Lauderdale, FL 33304 $17,728,625 CAD ($709,145 CAD/Room) 8.05% Cap Rate
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INVESTMENT HIGHLIGHTS
- Prime location directly across from Las Olas Beach, just steps from Fort Lauderdale's central beach
- Newly renovated 25-room hotel spanning 2 buildings, complete with 10 designated parking spots
- Each room features a fully equipped kitchen, TV, high-speed internet, and central A/C, with access to an on-site pool and jacuzzi for ultimate comfort
- The property features 17 studios, 7 one-bedroom units, and 1 two-bedroom unit
- 2025 income projections show over $1M NOI, offering an 8%+ cap rate, making Eden Hotel a high-performing investment opportunity
EXECUTIVE SUMMARY
Introducing Eden Hotel- a newly renovated, 25-room hospitality gem located directly across from Las Olas Beach in Fort Lauderdale, offering breathtaking access to the beautiful central beach just steps away. This prime property includes 17 studios, 7 one-bedroom units, and 1 two-bedroom unit, all fully updated with modern amenities, including fully equipped kitchens, TVs, high-speed internet, and central air conditioning. Guests can relax in the on-site pool and jacuzzi, with the added convenience of 10 designated parking spots. Positioned in a vibrant area near shopping, dining, and entertainment, Eden Hotel combines luxury and location. With 2025 income projections exceeding $1M NOI and an 8%+ cap rate, this property presents an exceptional investment opportunity in one of South Florida's most sought-after locations. Don’t miss out on this phenomenal performing hotel!
FINANCIAL SUMMARY (PRO FORMA - 2025) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
---|---|---|
Gross Rental Income |
$2,120,134
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$169.61
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Other Income |
-
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-
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Vacancy Loss |
-
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-
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Effective Gross Income |
$2,120,134
![]() |
$169.61
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Taxes |
$319,115
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$25.53
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Operating Expenses |
$373,152
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$29.85
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Total Expenses |
$692,267
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$55.38
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Net Operating Income |
$1,427,866
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$114.23
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PROPERTY FACTS
Price | $17,728,625 CAD |
Price Per Room | $709,145 CAD |
Sale Type | Investment |
Cap Rate | 8.05% |
Property Type | Hospitality |
Property Subtype | Hotel |
Building Class | C |
Lot Size | 0.29 AC |
Building Size | 12,500 SF |
No. Rooms | 25 |
No. Stories | 3 |
Year Built/Renovated | 1970/2025 |
Parking Ratio | 0.8/1,000 SF |
Corridor | Exterior |
AMENITIES
- High Speed Internet Access
- Public Access Wifi
- Fully-Equipped Kitchen
- Multi-Room Suites
ROOM MIX INFORMATION
DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
---|---|---|---|
Suite | 18 | $168.78 CAD | - |
Guest Room | 7 | $104.95 CAD | - |
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PROPERTY TAXES
Parcel Numbers | Total Assessment | $7,352,376 CAD (2024) | |
Land Assessment | $899,821 CAD (2024) | Annual Taxes | $319,115 CAD ($25.53 CAD/SF) |
Improvements Assessment | $6,452,554 CAD (2024) | Tax Year | 2025 |
ZONING
Zoning Code | ABA - A-1A (Motel/ABA - A-1A BEACHFRONT AREA DISTRICT) |