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Fort Lauderdale, FL

$990,000

Fort Lauderdale, FL 33304

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Last Updated: 08/15/2024

93,696

NOI

2,550 sqft

Building Size

Details:
NOI:    $93,696
Building Size:    2,550 sqft
Year Built:    1982
Highlights:
  • Gross Income: 152717
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).

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