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Description

Own piece of paradise in sought-after Singer Island! Ten-unit boutique hotel with 8 one bedroom one bath units and 2 two bedroom one-in-a-half bath units. Renovations were recently completed 2018 with new HVAC units and appliances. Coin operated washer and dryer is on site. Each unit is metered separately for water and electric.
NOI: $151,983; Cap rate: 5.96%

 

Investment highlights

  • SqFt +/-7,000
  • Property allows for remote management
  • All HVACs replaced within last 3 years
  • A short 3-minute walk to the ocean
  • Roof completed in 2018 with 10 year warranty
  • Exterior recently painted

 

INVESTORS / END BUYERS ONLY. No Agents.  

For more information, fill out the form below or email dluxjed@gmail.com

The information provided, including but not limited to SqFt, lot size, measurements, CAP rates, NOI, etc have been obtain from third parties. Because any disclaim might be subject to error, prospective purchasers shall conduct his/her/it own verification/due diligence of this information, warranty or representation. Information courtesy of Crexi, Keller Williams.

Address

  • City: West Palm Beach
  • Country: United States

Detail

Updated on August 14, 2020 at 10:54 am

  • Price: $2,550,000
  • Property Size: 6930 SqFt
  • Land Area: 0.22 Acres
  • Year Built: 1968
  • Property Type: Commercial
  • Property Status: For Sale

Contact info

D'Lux Real Estate Services
D'Lux Real Estate Services

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