Robinson Fendley Business Brokers
Florida Beach Apartment Complex For Sale
Beach Apartment Condos - apartment complex or condo
conversion
Financial Information
Asking: 1,395,000 (only 139,500 each for 10 beach
condos)
Financing: Make offer
Gross: 156,652 (including special incentives first two years
- call agent for details)
Click here for financial schedules, including past 3 years tax return
information
Cash Flow: 120,972 (including special incentives
first two years - call agent for details)
Cap Rate: 8.67 percent (including special incentives first two years - call agent for details)
Furniture, Fixtures & Equipment: included in price
Inventory: not applicable
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Summary Description
Robinson Fendley Business Brokers is offering a very unusual opportunity to buy 10 beach condos, get special cash flow incentives for two years while you flip individual condo units to make a profit. These 10 beach condos are currently operating as apartment complex. These absolutely gorgeous beach condos could be sold individually for a profit play. Stunning is the only way to describe these 2 BR/1BA units with full kitchen, washer/dryer, and private balconies. The location is ideally situated only a block from beautiful Hutchinson Island beaches or minutes away from Pelican Harbor Yacht Club. Imagine walking barefoot to the beach each morning in paradise. Although operating as an apartment complex it should be noted the condos are individually deeded and the potential for profits through individual sales is significant over the next few years. Principals only.
General Information
Facilities: Ten (10) condos within steps of the beach on Hutchinson Island. These 2 bedroom condos are
typically 100 percent occupied and have the added feature of continuing to lease as apartment units or selling as individual condos. Each has spacious kitchen and include washer and dryer. Everything about these condos indicates quality construction and immaculate maintenance.
Growth and Expansion: The location on Hutchinson Island defines these condos. The old saying "they aren't making any more beach" certainly applies here. This beautiful location is highly
desirable and for the long term investor could pay big dividends if sold in years to come.
Reason Selling: Retirement
Year Established: 1981
Employees: On-site manager
For more information
please complete Buyer
Registration and Confidentiality Agreement and call any person below:
Mike Fendley 561.385.2946
MFendley@RobinsonFendley.com
Miranda Casperson 863.634.2424 MCasperson@RobinsonFendley.com
Robert Monaco 954.895.3491
RMonaco@RobinsonFendley.com
Brittany Pitts-Day 561.640.4300 BPittsDay@RobinsonFendley.com
Nandor Veres 561.699.8832
NVeres@RobinsonFendley.com
Robinson Fendley Business Brokers Home Page
TITLE: #0147 Beach Apartments For Sale by Robinson Fendley
DESCRIPTION: Staff at Robinson Fendley try to make the experience of buying or selling income producing property as smooth as possible for both the buyer and seller. The desired objective is to seek win - win situations where both the buyer and the seller are very happy with the new direction their life will be headed after the sale. Call today to receive the personalized service you deserve.
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