Vacation Rental Investors Dream
*** ********* ***, ********, FL
8.86% return
Video Photos Street View Map
The slide show is now full screen. Push Escape to exit. You can use the left/right arrows and Home/End buttons to navigate the images.
Slideshow image 1
Slideshow image 2
Slideshow image 3
Slideshow image 4
Slideshow image 5
Slideshow image 6
Slideshow image 7
Slideshow image 8
Slideshow image 9
Slideshow image 10
Slideshow image 11
Slideshow image 12

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
  • 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
  • 5 Units
  • Unit 1: 1 bed / 1 bath $600/month $7,200/year
  • Unit 2: 1 bed / 1 bath $600/month $7,200/year
  • Unit 3: 1 bed / 1 bath $600/month $7,200/year
  • Unit 4: 1 bed / 1 bath $600/month $7,200/year
  • Unit 5: 1 bed / 1 bath $600/month $7,200/year
  • SF Residence
  • Unit Cottage: 1 bed / 1 bath $600/month $7,200/year
  • Unit SF Home: 3 bed / 1 bath $1,200/month $14,400/year
  • Total $4,800/month $57,600/year
  • Expenses
  • No expense records for this property.
  • Total $0/month $0/year

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 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.

Q: Why is the property address and location information hidden?
A: This property is a premium property and is completely off-market. Full access is available to premium clients only. If you are not a premium client, we require to have an executed non-disclosure agreement on file in order to share the property details with you.

Unlock address

You need to have an account to unlock the address of this property.

Sign In Sign Up

Share Listing

Copyright by Real Pro, Inc 2019 . All Rights Reserved.