Enjoy paradise in Belleair Beach, where you can relax in comfort, and at the same time make an excellent passive income. The offering is a one bedroom/one bathroom updated Gulf-front condo. The floor plan is open with a large bedroom that boasts a comfortable Queen-size bed, with a full length mirror and two nightstands. Porcelain tile wood flooring, white quartz counter tops, glass cook-top burner, and new white appliances adorn the eat-in kitchen. The condo is located on the bottom floor near the elevator and ramp for easy access to parking. Resting just 35ft from the unit is a heated pool, which faces the Gulf of Mexico. The condo is currently used as a vacation rental boasting close to $34,500 net yearly averaged over the past 2 years at a 5.75% Cap Rate. We are expecting to see a substantial increase in revenue for 2021 and beyond, as the pandemics resolves. The building is currently undergoing deferred improvements that have already been priced into the HOA fees. The condo comes fully furnished, and the current owners are willing to manage the vacation condo or provide the new owner with all existing bookings and a 2 week consultation service at no charge.
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