Vacation Rental Investors Dream
*** ********* ***, ********, FL
8.86% return
LP:
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Property Description

Beautiful Waterfront Property on Almost 1 Acre! Directly on Banana River. 5 Units and a 4 bedroom house with a detached cottage. Air BNB for Huge Cash Flow or Fix n Flip for Big Profit! The Owners quarter is spacious and beautiful overlooking the Banana River. All upstairs units have windows on the east side of home overlooking the river. One electric meter for each building. Only one apartment is currently rented month to month. Fireplace has been capped off but could be a wood burning Fireplace again. Great Vacation Rental Investment Property!

Property Information

  • Listing statusCancelled
  • Property typeMulti Family
  • Total units7
  • Total bedrooms9
  • Total bathrooms7
  • Building size7582 sq. ft.
  • Lot size0.9 acres
  • Year built1955-1985
  • County******** County
  • Subdivision********** *********
  • ConstructionFrame, CBS
  • RoofSHINGLE , FLAT
  • Water sourceCity
  • Water disposalSewer
  • Heating(unknown)
  • Cooling(unknown)

Property Financial Summary

  • Asking price $650,000
  • Estimated rehab 1 $0
  • Total investment $650,000
  • Type Proforma
  • Gross income (annually) $57,600
  • Operating expenses (annually) $0
  • Net income (annually) $57,600
  • Gross return 8.86%
  • Gross income (monthly) $4,800
  • Operating expenses (monthly) $0
  • Net income (monthly) $4,800
  • Net return 8.86%

Property Income & Expenses

  • Income
  • Unit 1: 1 bed / bath $600/month
  • Unit 2: 1 bed / bath $600/month
  • Unit 3: 1 bed / bath $600/month
  • Unit 4: 1 bed / bath $600/month
  • Unit 5: 1 bed / bath $600/month
  • Unit Cottage: 1 bed / bath $600/month
  • Unit SF Home: 3 bed / bath $1,200/month
  • Total $4,800/month
  • Expenses
  • No expense records for this property.
  • Total $0/month

Property Questions & Answers

Q: How do I make an offer on this property?
A: Placing an offer is a simple process. All offers must be presented in writing with an escrow deposit of 10% or $5,000, whichever is larger. Escrow has to be sent to the attorney or title company who is handling the file for the this property. Please send us an inquiry and one of our team members will get in touch with you to further assist you. You can also give us a call.

Q: Does this property come with clear title?
A: All our properties come with clear title. We highly recommend you purchase title insurance as well.

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