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Crocodhouse 1112 NE 5th Ave 8 Room Hostel Fort Lauderdale, FL 33304 $750,000 ($93,750/Room) 6.85% Cap Rate
Executive Summary
Discover a rare opportunity to own a versatile duplex featuring two spacious units, each with four bedrooms and two bathrooms. Perfectly situated just minutes from Las Olas Boulevard, Fort Lauderdale-Hollywood International Airport, The Galleria, Port Everglades, and the historic Bonnet House, this property offers unmatched access to vibrant dining, shopping, and cultural attractions.
Currently operating as a thriving hostel with consistent short-term rental income, it’s a turnkey investment. Alternatively, lease each unit as apartments, targeting a 6.85% annual yield. Ideal for both active and passive investors, this aggressively priced duplex delivers flexibility and strong returns in a prime Fort Lauderdale location. Act now to secure this high-potential asset!
Currently operating as a thriving hostel with consistent short-term rental income, it’s a turnkey investment. Alternatively, lease each unit as apartments, targeting a 6.85% annual yield. Ideal for both active and passive investors, this aggressively priced duplex delivers flexibility and strong returns in a prime Fort Lauderdale location. Act now to secure this high-potential asset!
Property Facts
| Price | $750,000 | Building Size | 2,550 SF |
| Price Per Room | $93,750 | No. Rooms | 8 |
| Sale Type | Investment | No. Stories | 1 |
| Cap Rate | 6.85% | Year Built | 1982 |
| Property Type | Hospitality | Parking Ratio | 1.57/1,000 SF |
| Property Subtype | Hostel | Corridor | Exterior |
| Building Class | C | Opportunity Zone |
Yes
|
| Lot Size | 0.15 AC | ||
| Zoning | RMM-25 - Multifamily | ||
| Price | $750,000 |
| Price Per Room | $93,750 |
| Sale Type | Investment |
| Cap Rate | 6.85% |
| Property Type | Hospitality |
| Property Subtype | Hostel |
| 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 |
| Zoning | RMM-25 - Multifamily |
Amenities
- High Speed Internet Access
- Public Access Wifi
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Guest Room | 8 | $61.00 | - |
Walk Score®
Walker's Paradise (90)
Bike Score®
Very Bikeable (78)
Property Taxes
| Parcel Number | 49-42-34-04-0940 | Improvements Assessment | $429,930 |
| Land Assessment | $33,760 | Total Assessment | $463,690 |
Property Taxes
Parcel Number
49-42-34-04-0940
Land Assessment
$33,760
Improvements Assessment
$429,930
Total Assessment
$463,690
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Crocodhouse | 1112 NE 5th Ave
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