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Description: *CASH ONLY best location ** great Motel in fort Lauderdale beach , on ocean Blvd. across from the new Auberg Development and the new 100 rooms luxury hotel Cambrian five story under construction ,Currently operating as 21 rooms motel with 15 parking spaces . the property is Zoned RMH-60 and is under DRC review for approval at the city of Fort Lauderdale for 7 story building with 11 units with approximately 38,596 gross square foot area .great development opportunity or as boutique hotel .21rooms nightly rate $75x365=$574,875 gross income estimated expenses ,real estate tax-$30,000,insurance $3,300 management$38,000,repair and maintenance ,$16,000 other $3,000 electric water,internet,trush ,,gas,$18,000. total expenses$ 108,300 10% vacancy ,net operating potential income--$408,000

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