Income Producing 6 Unit Apartment Complex

St Pete Beach, FL (Pinellas County)

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Asking Price: $1,700,000

Cash Flow: $139,782

Gross Revenue: $198,831

EBITDA: N/A

FF&E: $50,000

Inventory: N/A

Real Estate: $1,700,000

Established: 2015

Income Producing 6 Unit Apartment Complex

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Business Description

Income Producing 6 Unit Apartment Building on Gulf Blvd on St Petersburg Beach. This Building has 4/ 1Bedroom 1 Baths and 2/ 2 Bedroom 1 Baths Units. The Seller has been operating this Investment from out of State utilizing one the the most popular Online Booking Sites. Nightly Rental rates range from $75 to $140 a night for the 1/1's and $95 to $190 for the 2/1's. The absolute best part is your Vacationeers are just steps away from our Beautiful powdery sandy Beach. All units have been tastefully updated and furnished to make this an easy turn-key Sale to step right in and continue on with the Bookings. Newer AC's for all of the Units with Extended warranties and all Units are Smoke-Free and Pet Free to enhance the Guests Air quality experiences. The Seller Prides himself with Exceptional Ratings from his Guests. He also has many Repeat Clients that makes his Business very Desirable and simple for the New Owners. ***PLEASE do not Visit the Property without Listing Agent.*** MLS #U8037835 Co-Broker Protected.

Detailed Information

Location:
St Pete Beach, FL
Inventory:
Included in asking price
Real Estate:
Owned
Included in asking price
Building SF:
4,558
Employees:
1
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
4-1 Bedroom/1Bath Units and 2-2Bedroom/2 Bath Units
Support & Training:
Seller will assist new Owner during Transition Period for a seamless Transfer.
Reason for Selling:
Downsizing Portfolio
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(from currently available funds)
 
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Jeffery Butzin

Business Listed By:
Jeffery Butzin

Sand Key Realty

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