Excellent cash flow property. This complex has 13 motel units plus a 2 bedroom managers unit and an attached office (total 15 units not 13). This complex was converted from a nightly / weekend business to a "Month to Month" affordable housing village in order to be utilized for its highest and best use. No TOT tax to collect for city. No daily housekeeping expense.\r\rHas a communal kitchen and other perks that most local complexes do not have. Underwent extensive renovation in the past few years. This is a turnkey operation with minor deferred maintenance. Rents have not been raised for years, so additional income potential is easy. Currently at 100% occupancy with very little vacancy. Extra income from on property coin operated vending and laundry.\r\rSeller willing to carry up to 50% with other 50% being All-Cash. Brokered And Advertised By: Classic Beach Properties Listing Agent: Stephen Snyder
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