CURRENTLY UNDER CONTRACT, SELLER ACCEPTING BACKUP OFFERS. Apartment complex with 5 one bedrooms and 5 efficiencies and zoning allows for short term rentals! Sellers say the annual gross income is approx $102,300, utilities/ maintenance run approx $8310.72 and $1770, and insurance is approx $2000. The property is only two blocks from the beach and Gulf of Mexico and because of the CH (commercial high-intensity) zoning, there is great income potential! Seller rents the 1 bedrooms for around $1000 a month and the efficiencies for $900-950, but you could more if you rent short-term! All info is approx and must be verified by Buyers if important.
*This Payment Calculator is intended for educational and planning purposes only. **Assumes 3.5% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information.
Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.