Description
6 unit remodeled & updated apartment building on the water with boat access. No HOA fees. Located at the end of a quiet street close to shopping, bases & hospitals. Current owners operating as individual large, 1 bedroom, 1 bath rental units for extended stay military and healthcare professionals or anyone else that needs to be in the area and prefers the style of 1 bayou over a hotel. Individual units are also available to vacation renters who want to be on the water. Small boats with low draft like pontoons or bay boats are able to access the canal. Units currently bring in 15K + per month in gross rent, with expectations higher in summer season. Annual Gross income is approximately 180K and expenses as currently operated with owner managing are close to 39K per year.
-
0BEDS
-
N/AACRES
-
0BATHS
-
01/2 BATHS
School Ratings & Info
Description
6 unit remodeled & updated apartment building on the water with boat access. No HOA fees. Located at the end of a quiet street close to shopping, bases & hospitals. Current owners operating as individual large, 1 bedroom, 1 bath rental units for extended stay military and healthcare professionals or anyone else that needs to be in the area and prefers the style of 1 bayou over a hotel. Individual units are also available to vacation renters who want to be on the water. Small boats with low draft like pontoons or bay boats are able to access the canal. Units currently bring in 15K + per month in gross rent, with expectations higher in summer season. Annual Gross income is approximately 180K and expenses as currently operated with owner managing are close to 39K per year.
© 2021 Emerald Coast Association of Realtors MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Anchor Realty Florida. Data last updated: 2021-04-23T00:01:21.143.