SHERIDAN HOSPITALITY BUSIN & PROP SALE.
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SHERIDAN HOSPITALITY BUSIN & PROP SALE.
3 Properties Offered at $9,888,947 CAD in Dania Beach, FL
Investment Highlights
- Please Contract Ben Sheridan for any questions or interest at 954-854-8343.
- Various amenities are included such as a gated entrance, pool, and landscaped surroundings.
- Both properties are located in a highly walkable area with a Walk Score of 79, indicating easy access to nearby amenities and public transportation.
- The properties are situated in a neighborhood zoned for single-family, two-family, multi-family, and commercial uses.
- This portfolio includes a 0.27-acre lot that can be developed.
Executive Summary
Opportunity to purchase 3 multi-family properties, operated by One Management Team, One office as Apart Hotel and Hostel along with an adjacent 0.27 parcel of vacant land.
The Sales Price includes 3 Properties, 3 Buildings and Hands Free Business Operation with average NET income of 862,000 dollars. Approximately 1 acer of land with real estate on such. Fully and Nicely Furnished and Supplied. Full Kitchens. Flat TV's
Full Management System, Accounting System. Video Cameras and Recording in Color, Mature Landscape, Artesian Water Irrigation System.
Fully Gated. All Digital key Access. Fully trained and capable Team of Employees, operating the Business in all capacities.
All that will be required from new Ownership, is to be kind and nice.
1) SHERIDAN SUITES APART HOTEL : 1501 SW 2nd Ave Dania Beach is a Two-Story, gated apartment building featuring Commercial pool with Sun-Deck. It operating 11 apartments. Units mix of: 2 THREE-bedroom, 3 TWO-bedroom, 4 ONE-bedroom, and 2 STUDIOS Apartment Suites, that feature 6,363 square feet under AC and sits on 0.35-acre lot.
All Apartments are recently renovated, with New ROOF & are offered for Rent daly as Hotel Style, with all contracts established with most Hotel brokerage advertisers, such as Expedia, Booking. com., AirBnb, VRBO and many more.
The Sheridan Suites Apart Hotel was established in 2015 and it is very easy to find on Google and other search engines.
2) SHERIDAN HOSTEL: 1500 SW 2nd Ave in Dania Beach. The multifamily property spans with Garden Setting and to 3,400 square feet under AC. Consists of 2 Studio Apartments and 73 Guests HOSTEL Style bunk BEDS in 9 Hostel Rooms, with in-suite Bathrooms and 2 extra Outdoor Bathrooms and Kitchen, Propane BBQ grills stations, Smoking areas, TV lounge, and Guest Laundry.It is a daily "Bed for Rent" at the most affordable price. occupancy, offering various options.
3) VACANT ATTACHED LAND LOT ; 47 SW 15 Str Dania Beach. Gated 0.30-of acre, Vacant land lot.
You are welcome to call us for more detail..
The Sales Price includes 3 Properties, 3 Buildings and Hands Free Business Operation with average NET income of 862,000 dollars. Approximately 1 acer of land with real estate on such. Fully and Nicely Furnished and Supplied. Full Kitchens. Flat TV's
Full Management System, Accounting System. Video Cameras and Recording in Color, Mature Landscape, Artesian Water Irrigation System.
Fully Gated. All Digital key Access. Fully trained and capable Team of Employees, operating the Business in all capacities.
All that will be required from new Ownership, is to be kind and nice.
1) SHERIDAN SUITES APART HOTEL : 1501 SW 2nd Ave Dania Beach is a Two-Story, gated apartment building featuring Commercial pool with Sun-Deck. It operating 11 apartments. Units mix of: 2 THREE-bedroom, 3 TWO-bedroom, 4 ONE-bedroom, and 2 STUDIOS Apartment Suites, that feature 6,363 square feet under AC and sits on 0.35-acre lot.
All Apartments are recently renovated, with New ROOF & are offered for Rent daly as Hotel Style, with all contracts established with most Hotel brokerage advertisers, such as Expedia, Booking. com., AirBnb, VRBO and many more.
The Sheridan Suites Apart Hotel was established in 2015 and it is very easy to find on Google and other search engines.
2) SHERIDAN HOSTEL: 1500 SW 2nd Ave in Dania Beach. The multifamily property spans with Garden Setting and to 3,400 square feet under AC. Consists of 2 Studio Apartments and 73 Guests HOSTEL Style bunk BEDS in 9 Hostel Rooms, with in-suite Bathrooms and 2 extra Outdoor Bathrooms and Kitchen, Propane BBQ grills stations, Smoking areas, TV lounge, and Guest Laundry.It is a daily "Bed for Rent" at the most affordable price. occupancy, offering various options.
3) VACANT ATTACHED LAND LOT ; 47 SW 15 Str Dania Beach. Gated 0.30-of acre, Vacant land lot.
You are welcome to call us for more detail..
Taxes & Operating Expenses (Actual - 2023) |
Annual (CAD) |
|---|---|
| Gross Rental Income |
$1,868,224
|
| Other Income |
-
|
| Vacancy Loss |
-
|
| Effective Gross Income |
$1,868,224
|
| Taxes |
$53,378
|
| Operating Expenses |
$604,012
|
| Total Expenses |
$657,390
|
| Net Operating Income |
$1,210,834
|
Taxes & Operating Expenses (Actual - 2023)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $1,868,224 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $1,868,224 |
| Taxes (CAD) | |
|---|---|
| Annual | $53,378 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $604,012 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $657,390 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $1,210,834 |
Property Facts
| Price | $9,888,947 CAD | Status | Active |
| Price / SF | $1,050 CAD / SF | Number of Properties | 3 |
| Sale Conditions | 1031 Exchange | Individually For Sale | 0 |
| Cap Rate | 12.24% | Total Building Size | 9,417 SF |
| Sale Type | Investment | Total Land Area | 1.00 AC |
| Price | $9,888,947 CAD |
| Price / SF | $1,050 CAD / SF |
| Sale Conditions | 1031 Exchange |
| Cap Rate | 12.24% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 3 |
| Individually For Sale | 0 |
| Total Building Size | 9,417 SF |
| Total Land Area | 1.00 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
|
Sheridan Suites Apartments Hotel
1501 SW 2nd Ave, Dania Beach, FL 33004 |
Hospitality | 6,054 SF | 1974 | - |
| 1501 SW 2nd Ave, Dania Beach, FL 33004 | Land | 0.30 AC | - | - |
|
Sheridan Hostel with 73 Beds
1500 SW 2nd Ave, Dania Beach, FL 33004 |
Hospitality | 3,363 SF | 1948 | - |
-
Michael Zelner -
Ben Sheridan
-
Mike J Greenberg
- Guaranteed Investment LLC
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