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5-Unit Vacation Rental Property 19.74% Cap Rate

Location  Florida,United States
Asking Price Range  $500K - $1.0M
Gross Revenues  $297600
Net Profit / Cash Flow  $98721
Cash Flow Type  Sellers Discretionary Cash
Seller Finance  No
Year Established  1988
Number of Employees  1 - 3
Inventory  15000
Relocatable  No
Number of Employees  1 - 3
Real Estate  Owned
Training  Negotiable
Reason for Sale  Other business interests

Description  
This very well maintained property with an 19.74% CAP RATE is located on the beautiful Gulf of Mexico and its White sandy beaches. It's a great opportunity to own your piece of Florida and is ideal for an owner/investor who wants a compound with very short walk to the beach and John's Pass. The interiors are updated and extremely well maintained by a manager that might be available to next owner. There are 4- 1 Bed/1 Bath units and 1- 2 Bed/1 Bath (2 Story) units. There is an adorable court yard between the two buildings to relax in. There is a pay for use washer and dryer that generates about $1,200 income/yr and is very popular with the tenants. This complex is not only a great investment but an opportunity to own 5 units of beach property in desirable Madeira Beach at an amazing price! Please look at the pictures which include details of the condition of the property. The highest and best use of the property is 3-7 day rentals with full amenities or used for development purposes. This location in Madeira Beach is close to shopping, restaurants, golf and tennis, boat and jet-ski rentals, fishing and casino cruises; Baseball and football stadiums nearby; Disney World 90 minutes away, Busch Gardens 45 minutes and Tampa International Airport 30 minutes away The owners have tried to accommodate the tenants in every way possible to make beach living a pleasure. Please see attachments for details and please call 727-488-9747 for a showing!


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