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
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
