$125,000

About This Property

RARE OCEANFRONT (DOUBLE UNIT) INVESTMENT CONDO HOTEL & VACATION OPPORTUNITY UNDER $140,000! Although units 922 & 923 must be purchased together, they can be rented separately or together for flexibility for families needing more space, etc. This investment opportunity also allows for personal vacation use of owner, if desired. Enjoy the ocean view from this condo's window on the ninth floor or take a few steps outside to the Tiki Bar located next to the community pool & hot tub for a cool refreshing drink. Stroll a few more steps, with drink in hand, to the deeded ocean access beach. This Fully Furnished, Turn-Key, 2-bed 2-bath special Hotel Investment Condo package is a 1031 Tax-Deferred Exchange Qualifying Replacement Property! Full rental management provided by hotel services staff. Unit owners keep 75% of the rental income, hotel staff management receives $25%. NOTE: Regular COA fees for these 2 units combined are $644.31 per month, there are two special assessments, one of which the seller may pay in full depending at closing for agreed upon offer, the other one is for current remodeling of common areas (see photos) for $273.95/mo until end of April 2022, then should adjust to the normal $644.31 per condo association management. Also have a single unit listed by same owner on the 3rd floor with asking price of $89,000! Seller is motivated and looking to reinvest into his home state of North Carolina, so let's discuss offers! Seller would like to have package price offer for 922/923 & 324 if possible, but not necessary.

infoProperty Details

Property Type

Condo - Hotel

Year Built

1973

Living Area

1,486 sqft

Bedrooms

2

Bathrooms

2

Ownership

Fee Simple

Days on Market

71

List Date

Jun 23, 2021

Sold Date

chairInterior Features

yardExterior & Lot

Listed By

FLORIDA COMMERCIAL GROUP

813-935-9600

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