Active

$767,000

Features:
  • 2 Bedrooms
  • 2 Bathrooms
  • 720 sq ft
Overview
  • ID: MFRTB8478077
  • Bedrooms: 2
  • Bathrooms: 2
  • Size: 720 sq ft
Property Details
Remarks
Cozy 2-Unit Beach Cottage! This is an incredible investment opportunity that comes fully furnished and turn-key. You can enjoy absentee ownership with a property manager living next door to handle all responsibilities, including all communication with guests and overall management of the two units. Seller spends an average of 1 hour per month on this investment. The cottage has a fantastic track record on Airbnb, boasting a 4.85 out of 5-star rating from more than 700 reviews. Both units are close to 100% rented through July and are filling up quickly for the rest of the year, meaning you can start receiving income the very day you close. The cottage is ideally situated only steps from Indian Shores beach. Plus, conveniently located just across the street is a Coffee shop; a Beach store; Bike and scooter rental; other shops; a Bar and Restaurant with a trolley stop and pedestrian crosswalk about 50 feet away. The units are consistently kept modern and up-to-date. The cottage has been generating income for several years. The average gross revenue for the most recent years is over $90,000 annually, providing a higher than 6% CAP rate. Contact the agent/owner for further details and links to the Airbnb listings. The longtime property manager is also interested in continuing with the new owner, which is a huge plus! Enjoy the beautiful Gulf beaches—just steps away from the sand and the Gulf of Mexico, with plenty of restaurants and shopping nearby. It's a perfect spot and a great investment!
Financial Considerations
Price:
$767,000
HOA Fee:
N/A
Tax Amount:
$5602
Price per SqFt:
$1065.28
Tax Legal Description:
INDIAN ROCK SOUTH SHORE BLK 4, PART OF LOTS 1 & 2 DESC AS FROM NE COR SD LOT 2 TH W'LY 79.03FT FOR POB TH W'LY ALG N LOT LN 35.9 FT TH SE'LY 43.77FT TH E'LY ALG S LOT LN 36.25FT TH NW'LY 43.77FT TO POB (PARCEL B2)
Exterior Features
Lot Size:
1573
Lot Features:
Flood Insurance Required, FloodZone, Paved
Waterfront:
No
Parking Spaces:
N/A
Parking:
Open
Roof:
Shingle
Pool:
No
Pool Features:
N/A
Interior Features
Bedrooms:
2
Bathrooms:
2
Heating:
Electric, Heat Pump
Cooling:
Mini-Split Unit(s)
Appliances:
Dryer, Electric Water Heater, Microwave, Range, Refrigerator, Washer
Furnished:
Yes
Floor:
Ceramic Tile, Vinyl
Levels:
One
Additional Features
Property Sub Type:
Duplex
Style:
N/A
Year Built:
1947
Construction Type:
Frame, Wood Siding
Garage Spaces:
No
Covered Spaces:
N/A
Direction Faces:
N/A
Pets Allowed:
No
Special Condition:
None
Additional Features:
Fence, Lighting
Additional Features 2:
N/A
Map
  • Address
    19652 GULF BLVD
Contact a Professional
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