Property For Sale Listing 149147
Beach Condo Conversion Project
Status as of Sep-5-2008 at 01:26 AM: Active
Property Summary
Our firm is offering a very unusual opportunity to buy 10 beach condos, get special cash flow incentives for two years while you flip individual condo units to make a profit. These 10 beach condos are currently operating as apartment complex. These absolutely gorgeous beach condos could easily be sold individually for a profit play. Stunning is the only way to describe these 2 BR/1BA units with full kitchen, washer/dryer, and private balconies. The location is ideally situated only a block from beautiful Hutchinson Island beaches or minutes away from Pelican Harbor Yacht Club. Although operating as an apartment complex it should be noted the condos are individually deeded and the potential for profits through individual sales is significant over the next few years. Principals only.
General Information
Facilities: Ten (10) condos within steps of the beach on Hutchinson Island. These 2 bedroom condos are typically 100 percent occupied and have the added feature of continuing to lease as apartment units or selling as individual condos. Each has spacious kitchen and include washer and dryer. Everything about these condos indicates quality construction and immaculate maintenance.
Growth and Expansion: The location on Hutchinson Island defines these condos. The old saying "they aren't making any more beach" certainly applies here. This beautiful location is highly desirable and for the long term investor could pay big dividends if sold in years to come.
Reason Selling: Retirement
Year Established: 1981
Employees: On-site manager
RFBB305 broker approved.
Categories
Location
| Classification: |
United States // Southeast States // Florida // Other Florida |
Price
| Price Classification: |
Between $1 Million and $2.5 Million |
| Asking Price: |
$1,450,000 |
Property Type
| Classification: |
Multi-Family Properties // 10+ Family |
| Type: |
Condo Conversion Project |
