This business is a fantastic opportunity!
6 bedroom and 3.5 bathroom hostel, and an efficiency rented for $1200 monthly maximizing its space and income potential.
Located on a bustling high traffic commercial avenue, it enjoys excellent visibility and accessibility, ideal for attracting guests.
The hostel is already generating steady income and boasts an impressive 8.2 rating on Booking, reflecting its popularity and guest satisfaction. With well designed rooms, functional common areas, and a prime location, this property offers strong returns for investors looking for a profitable hospitality business.
Don't miss our on this high performing income property!
5895 NW 12th Ave, Miami, FL, 33127
The rates and annual percentage rate (APR) displayed are based upon the following assumptions: a 20% down payment (e.g. $20,000 down on a $100,000 purchase price), conforming loan amount, $1,950 in finance charges, 30 days prepaid interest, 1 point, 30 day rate lock. The rates and annual percentage rate (APR) will vary depending upon the actual down payment percentages, points and fees for your transaction. Rates and the margin for adjustable rate mortgages [if applicable] are subject to change without prior notice and may vary with your unique credit history, and terms of your loan. The rates displayed vary by property state, may change or not be available at commitment or closing or may be subject to product restrictions.
The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first five years (for a 5/6 ARM) or seven years (for a 7/6 ARM) and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan. Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable -rate mortgages [if applicable], are subject to change without prior notice.
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