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Motel Apartment / Condo Complex For Sale - Near The Beach
Location Florida,United States
Asking Price Range $500K - $1.0M
Gross Revenues $190000
Net Profit / Cash Flow $240000
Cash Flow Type Sellers Discretionary Cash
Seller Finance Not Disclosed
Year Established 2004
Number of Employees 1 - 3
Inventory 25000
Relocatable No
Number of Employees 1 - 3
Real Estate Owned
Reason for Sale Retiring.
Description Great Near the Beach Location! 30 Minutes Close to the Great Boca Grande Fishing & Weddings! Reasonable Rates Daily Weekly Monthly. 13 Full Kitchen 1 & 2 Bedroom Units - FREE Wireless Internet!
Ours is a small motel apartment and condo complex of thirteen units located on a quiet street which runs along the east side of Lemon Bay situated less than two miles from Englewood Beach and one mile from the art galleries and shops of historic Englewood Village. All units are fully equipped for extended stays including fully equipped kitchens.
The unit mix is seven one bedroom efficiency units of 400 square feet, two cottage style one bedroom units of 500 to six hundred square feet and four two bedroom condo units of 900 square feet situated in a private courtyard ringed with coconut palms and a barbecue / social area. All units have undergone an extensive remodel in January 2007.
Our daily, weekly and monthly 2011 winter season rates vary from $100/$150 per night, $475/$575 per week and $1,800/$2,200 per month plus tax. Always 100% in season!
Unit features include:
* Cable TV
* Free Wireless Internet
* Fully equipped kitchens
* One bedroom efficiency units
* Cottage style one bedroom units
* Two bedroom condo style units
* Private courtyard ringed with coconut palms
* Barbecue grill
* On site coin-operated laundry
* All units remodeled in 12/06 and 01/07.
* Small pets allowed on a case by case basis
* No smoking in units
Our place is especially well suited for the travelling fisherman, whether here to relax on a quiet Englewood shore or fishing pier, or for those that have come to participate in one of the many year round fishing tournaments, most notably, the annual Boca Grande Tarpon Tournament, and the notable Redfish Tournament in the fall. With our ample boat and trailer parking, and our close proximity to the best Lemon Bay launch ramp of Indian Mounds Park only a mile away. $850,000
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