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

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 $169.61
Other Income - -
Vacancy Loss - -
Effective Gross Income $2,120,134 $169.61
Taxes $319,115 $25.53
Operating Expenses $373,152 $29.85
Total Expenses $692,267 $55.38
Net Operating Income $1,427,866 $114.23

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 -

PROPERTY TAXES

ZONING

Zoning Code ABA - A-1A (Motel/ABA - A-1A BEACHFRONT AREA DISTRICT)
  • Listing ID: 34552923

  • Date on Market: 2025-01-21

  • Last Updated:

  • Address: 3020-3024 Seville St, Fort Lauderdale, FL 33304