Tamarindo. It is a dream destination in which to live, retire, or spend a few years abroad.
This wonderful hostel was originally built as a single family home. Additional buildings were then constructed and it was converted to the very well known and successful hostel that it is today.
This hostel produces a solid income that at full price represents a 10 CAP investment! Because of the nature of having volunteers work on site in exchange for housing (this is very common these days in the hostel business), the running of the hostel is almost not demanding of owner’s time, freeing him up to actually live a quality life here in paradise.
The property is secure. There is room for expansion that would accommodate another floor on one of the buildings creating an additional income producing room with another 6 to 8 beds or a luxury owner’s quarters on site. This Tamarindo hostel would be a perfect business for a couple or single person looking to escape the ‘first world’ to realize their life’s dream. It is also comforting to note that the income generation will sustain a very comfortable lifestyle!