Description
Walking Distance to the Beach! This fully furnished 11 unit apartment complex with a beach house for a total of 12 units, has been converted from the Surfside Motel and is a complete rehab, entire building has been re-piped, on city sewer. The property consists of 3-Two Bedroom Units rent for $150/night, 1-One bedroom units rents for $150/night, and 7 Studios with full kitchenettes and baths rent for $125/night. The beach house is a 2 bedroom one and a half bathroom that sleeps eight, with HVAC, separate water & electric meters that's $250/night. Currently all units are almost all 100% booked and full. This property sits on 2 lots. Easy access off Blue Water Highway and surrounded by many restaurants, public beach access, and Surfside Jetty Park with public boat ramp. 9.1% Cap Rate. Already fully occupied with Airbnb residents. Make an offer today!
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3BEDS
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0.45ACRES
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2BATHS
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01/2 BATHS
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5,400SQFT
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$166$/SQFT
School Information
Description
Walking Distance to the Beach! This fully furnished 11 unit apartment complex with a beach house for a total of 12 units, has been converted from the Surfside Motel and is a complete rehab, entire building has been re-piped, on city sewer. The property consists of 3-Two Bedroom Units rent for $150/night, 1-One bedroom units rents for $150/night, and 7 Studios with full kitchenettes and baths rent for $125/night. The beach house is a 2 bedroom one and a half bathroom that sleeps eight, with HVAC, separate water & electric meters that's $250/night. Currently all units are almost all 100% booked and full. This property sits on 2 lots. Easy access off Blue Water Highway and surrounded by many restaurants, public beach access, and Surfside Jetty Park with public boat ramp. 9.1% Cap Rate. Already fully occupied with Airbnb residents. Make an offer today!