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An extraordinary investment opportunity in Fort Lauderdale: a bustling duplex hostel spanning 2,550 square feet on a generous 6,751 square foot lot. This property, built in 1986 and currently housing 16 beds within 8 spacious bedrooms, provides robust financial performance with Gross Revenue of $198,000 & an NOI of $124,000. Nestled in a rapidly evolving neighborhood, this flourishing hostel promises significant future growth potential. Its prime location, merely a 7-minute drive from the picturesque beach and a swift 5-minute commute from the urban center, enables guests to enjoy the best of Fort Lauderdale, enhancing its appeal as a sought-after tourist destination.
Listed by Miguel Pinto, APEX Capital Realty LLC

Property Details of 1112 Ne 5th Avenue

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The multiple listing information is provided by Miami Association of REALTORS® from a copyrighted compilation of listings. The compilation of listings and each individual listing are © 2023 Miami Association of REALTORS®. All Rights Reserved. The information provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Data last updated on October 3, 2023

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