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The Elmar Boutique Hotel 4433 El Mar Dr 11 Room Hotel Lauderdale By The Sea, FL 33308 $6,861,732 CAD ($623,794 CAD/Room)
Investment Highlights
- High speed Wi-Fi, LED HD Smart TV w/ cable / DIRECTTV
Executive Summary
Asking price reduced $500,000. Seller wants to negotiate and sell. Potential seller financing (50%). Superior location, El Mar Dr – Steps to beach, shops, restaurants, bars, fishing pier, tennis courts, oceanfront park… Extraordinary, one of a kind! 11 beautifully furnished apartments (approximately 500 sq ft). Kitchens equipped w/ refrigerator, cooktop, microwave & coffee maker. Each room has designer couch that can be converted to a full-size bed, dedicated workspace & safe. High speed Wi-Fi, LED HD Smart TV w/ cable / DIRECTTV. Completely & immaculately renovated - 2019. Impact windows and doors. Heated pool, fire pit, barbeque. Office & commercial laundry. 6 miles to Las Olas Blvd/downtown, 14 miles to Ft Lauderdale/Hollywood Int'l, 16 miles to Hard Rock Hotel-Casino.
Listing agent must schedule and accompany any site visits. OK to drive by but do not go on the property or disturb guests or employees.
Listing agent must schedule and accompany any site visits. OK to drive by but do not go on the property or disturb guests or employees.
Property Facts
| Price | $6,861,732 CAD | Building Size | 6,221 SF |
| Price Per Room | $623,794 CAD | No. Rooms | 11 |
| Sale Type | Investment | No. Stories | 2 |
| Property Type | Hospitality | Year Built/Renovated | 1958/2019 |
| Property Subtype | Hotel | Parking Ratio | 1.77/1,000 SF |
| Building Class | B | Corridor | Exterior |
| Lot Size | 0.26 AC | ||
| Zoning | RM-25 - RM-25 - Residences, Apartments, Hotels, ETC | ||
| Price | $6,861,732 CAD |
| Price Per Room | $623,794 CAD |
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 0.26 AC |
| Building Size | 6,221 SF |
| No. Rooms | 11 |
| No. Stories | 2 |
| Year Built/Renovated | 1958/2019 |
| Parking Ratio | 1.77/1,000 SF |
| Corridor | Exterior |
| Zoning | RM-25 - RM-25 - Residences, Apartments, Hotels, ETC |
Amenities
- Beach (direct access)
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Suite | 11 | $353.05 CAD | - |
Fairly walkable
50/100
Moderately drivable
70/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 49-43-18-01-1130 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $3,344,926 CAD |
Property Taxes
Parcel Number
49-43-18-01-1130
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$3,344,926 CAD
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The Elmar Boutique Hotel | 4433 El Mar Dr
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