Average square foot calculated using Size range provided by listing agent.
Description
Investment opportunity in paradise. This boutique motel harkens back to a bygone era of old-Florida, with clean and cozy accommodations with the onsite pool being the heart of the property. There are a total of 12 rooms: 4 Deluxe studios - galley style kitchenette with apt size fridge/freezer & lg toaster oven, king bed, futon. 2 Family Studios - queen bed, twin bed, kitchenette w/ mini fridge. 3 Standard Studios - queen bed, kitchenette w/ mini fridge. 2 Basic Studios - similar to standard studios but smaller sq ft. All studios equipped with cookware, dishes/utensils, hot plate, coffee maker, microwave, toaster. There is also a 2 bedroom unit with a full kitchen. This property is represents a nice investment opportunity in the local hospitality industry. The Gulf Beaches have seen consistently increasing tourism numbers with a shortage of budget-friendly accommodations, making this property extra special. The property was impacted by flooding from hurricane Helene and has been professionally remediated. It is now ready for renovations, with a contractor on stand by to get started. All plans and forms are ready to submit for the necessary permits. Based on owner's findings and a recent ACV appraisal the property can be restored under the FEMA 50% threshold.Show Description
MLS® NumberTB8410735
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry Level
Exposure
Exterior
GarageNo
Approx. Age1952
Stories1
Pets
Corp Number
Included in Maintenance Fee
Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance
Utilities
HeatDuctless
A/CWall/Window Unit(s)
Heating Fuel
Extras
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