Great rental investment or beach getaway on Manasota Key... one of SW Florida's treasures! This unit NETTED these owners $35,960.00 during their first years ownership. At $499K purchase cost, that will return 7.2% ROI if it has the same net income in the coming year. AND, there are $23,740. rentals already booked!! This condo has gorgeous bay views, deep-water dockage with direct access to Lemon Bay, and no bridges to clear on the way to the Gulf. The deeded beach access is just across the street, and these clean beaches and water are enjoyable for everyone, especially at our sensational sunsets. So, high rental occupancy and high rates are not a problem here. The photos show the original kitchen, bath, and flooring which the owner is in the process of replacing/updating. So, Unit 201 will have wood cabinets, granite countertops, and updated/upgraded tile. The heated swimming pool that is adjacent to the building, the concrete patio with picnic tables that sits between the building and docks, and the paver brick front patio all are comfortable gathering spots. As to the beach, lovely Gulf waters are just across the street where you can sun, swim, snorkel, hunt shells, or just vegetate while watching our magnificent sunsets! This top floor corner units location is the quietest you can get and has the best views and breezes. The end of the balcony offers a view of our sparkling Gulf. El Galeon East is a very well-maintained complex with a strongly funded association. Water oriented imbibing and dining are within walking distance. Of course, all the usual beach area amenities are in the area whatever pleases you is close by. Boater? Fisherman? This is you dream location (the listing agent will teach you the fishing). And, this unit will rent easily when the owner is not using it. It should pay for itself for any part-time owner/user. Much, much more info attached including the rental history ask your agent for copies, especially the FEATURES LIST.
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