Hostel – Duplex with 8 Rooms in Fort Lauderdale, FL – Add-Value Investment Opportunity
Commercial Sale
Category: Hospitality (Hotel / Motel)
Price:$990,000
Location: Fort Lauderdale, FL
Year Built: 1982
Days on Market: 27
Description:
The hostel, located at 1112 NE 5TH AVE, is a duplex with eight rooms and sixteen beds. It is strategically located a few minutes from Las Olas Boulevard near Fort Lauderdale airport, The Galeria at Fort Lauderdale, Port Everglades, and the Bonnet House. The property is a classic add-value investment, and a savvy investor can significantly increase the return on his investment. Its actual NOI is $93,696, rendering a Cap Rate of 9.46%. The property is also available without the business for $890,000 (ONLY THE REAL ESTATE).
The property is a classic add-value investment, and a savvy investor can significantly increase the return on his investment.
Listing Code: 1075648058