Beautiful Sanibel investment condo available for sale in the highly sought-after Colony Inn located near the light house point. If you are looking for a profitable investment property and free vacations in Sanibel with turnkey onsite management, this condo is for you. The condo is two minutes from the Sanibel bridge and walking distance from the beach. The on-site management and housekeeping team handle all the rental activity. Profit checks are distributed quarterly. Gross Rental Revenue exceeds $30k annually. Annual profit distributions have exceeded $12k annually for each of the past three years. A new management software system and the addition of several new online third-party booking sources will drive additional revenue, rentals, and profit growth over the coming years. The one-bedroom condo has been completely remodeled, comes fully furnished and has a screened-in lanai. Condo has free cable, local and long distance and recently upgraded Wi-Fi. All appliances are included (refrigerator, stove, microwave & dishwasher). A locked interior and exterior owner closets are available to store your personal belongings and beach toys. The property includes a heated swimming pool, grills, picnic area, on-site laundry, beach chairs, umbrellas, and shelling station. Bikes are available for rental. This is a turnkey condo with significant reservations already booked. Reservations for January through March are ahead of expectations. Your first and largest profit check will arrive in April 2021 following the 1st quarter busy season. The condo is for sale for $295,000 which is the least expensive option to own on Sanibel Island. If you are interested, check out The Colony Inn website: colonyinnsanibel.com Click on “Accommodations” and then scroll down to condo C8. Pictures and a reservation calendar are available for viewing. Only serious buyers please! No realtor solicitation is welcome.
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