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.
Conveniently located one block east of the intercostal waterways, guests can spend the day at Peanut Island Park (via water taxi) or choose to stay shore side and dine or relax and shop at the Sailfish Marina or Ocean Mall. Located one block west of the ocean, guests can take a short 3 minute walk to the beach.
Number of Units: 10; NOI: $151,983; Cap rate: 5.96%
- 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
- Ability for easy condo conversion
INVESTORS / END BUYERS ONLY. No Agents.
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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.