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Crocodhouse 1112 NE 5th Ave

8 Room Hostel Fort Lauderdale, FL 33304 $990,000 ($123,750/Room) 9.46% Cap Rate

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Investment Highlights

Strategic location just 15 minutes from the beach

Close proximity to restaurants, banks, and entertainment.

Executive Summary

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. The asking price, which includes the hostels, is $990,000. The real estate alone is $890,000.

FLYER 2P.-HOSTEL FOR SALE

Offering Memorandum

Property Facts

Price	$990,000	Building Size	2,550 SF
Price Per Room	$123,750	No. Rooms	8
Sale Type	Investment	No. Stories	1
Cap Rate	9.46%	Year Built	1982
Property Type	Hospitality	Parking Ratio	1.57/1,000 SF
Property Subtype	Hostel Hospitality Hotel	Corridor	Exterior
Building Class	C	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Lot Size	0.15 AC

Price	$990,000
Price Per Room	$123,750
Sale Type	Investment
Cap Rate	9.46%
Property Type	Hospitality
Property Subtype	Hostel Hospitality Hotel
Building Class	C
Lot Size	0.15 AC
Building Size	2,550 SF
No. Rooms	8
No. Stories	1
Year Built	1982
Parking Ratio	1.57/1,000 SF
Corridor	Exterior
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.