2648 NE 32ND STREET

Auction Property. ONLINE AUCTION: Bidding begins 12/15/2025 @ 10:00 AM. Bidding ends 12/17/2025 @ 2:00 PM. List Price is Suggested Opening Bid. Deposit: $100,000. Casitas Coral Ridge is a stabilized, high-performing 16-unit hospitality asset generating consistent returns in Fort Lauderdale's high-barrier coastal market. Situated on a massive ±0.45-acre lot with 200 feet of frontage, this turnkey boutique hotel offers immediate cash flow. FINANCIAL HIGHLIGHTS: The property generated nearly $600k in Gross Revenue in 2024 with a Net Operating Income (NOI) of ±$442,172, demonstrating streamlined management and expense control. IMMEDIATE VALUE-ADD: One "Standard Room" unit is currently used as an administrative office; converting this back to a guest suite offers an immediate projected revenue bump of $30k-$40k/year. UNIT MIX: 16 Total Licensed Units across 2 buildings, comprised of (8) Full One-Bedrooms with Kitchens, (5) Standard Hotel Rooms, and (3) Studios with Kitchenettes. Amenities include a tiki terrace and on-site laundry. PRIME LOCATION: Located just 0.2 miles from Coral Ridge Mall (Target, Publix, AMC) and +/- 0.6 miles from Fort Lauderdale Beach. Easy 15-minute access to FLL International Airport.