Investment Opportunity - Shared Housing - ALF 4400 SW 23rd St Immeuble residentiel 8 lots 774 186 € (96 773 €/Lot) Taux de capitalisation 9,56 % West Park, FL 33023

For Sale: Fully Occupied Veteran-Focused Hostel – 12 Beds | High Cash Flow | West Park, FL
4400 SW 23rd St, West Park, FL 33023
Offered at: $889,000
Cap Rate: 9.56% | GRM: 10.46
12 Beds | ±2,400 SF | 0.21 Acres
Opportunity Zone | R-1C Zoning
Investment Highlights
Turnkey Income-Producing Hostel – Fully operational and licensed hostel tailored to serve veterans and long-term residents. All 12 beds are consistently occupied with minimal vacancy.
Steady Monthly Cash Flow – Each bed currently generates approx. $590/month, totaling $84,960 in gross annual income.
Utilities Included – Rents cover electricity, water, sewer, cable, and trash, making management efficient and predictable.
Low-Maintenance Property – Solid block construction, tiled floors, and single-story layout. Each tenant has a private entrance and shared common areas.
High Demand for Affordable Housing – Centrally located with access to services, employment, and transit—ideal for stable, long-term tenancy.
Location Benefits
Close to Hollywood Beach, I-95, and key employment centers.
Just 8 miles to Fort Lauderdale-Hollywood Int’l Airport and 22 miles to Miami Int’l Airport.
Located in a federally designated Opportunity Zone with potential tax advantages.
Value-Add Opportunity
Rents are currently below market, providing upside with modest upgrades or rebranding.
Potential to transition into short-term co-living or shared housing for higher revenue per bed.
Invest with confidence—fully stabilized asset with strong returns from day one.
Request financials, rent roll, or schedule a showing today.