1112 NE 5th Ave, Fort Lauderdale, FL 33304

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.