$1,495,000 $209/sf Earn $29,900
$1,495,000
Credit Back up to $29,900*
$209.09/sf
Active - Multi Family for sale
Welcome to your Punta Paradise investment. We purchased this property in October 2022 when it had not been updated since its original construction. Property Performance: - Annual income: approx $265,000 - NOI $149,000 -Total reviews: 500+ - Average rating: 4.9 stars -Cap rate 10 We conducted a comprehensive remodel of the entire property, including significant upgrades to each unit: Unit Upgrades: - New roofs - New windows - New doors - New tile floors - New bathroom vanities - New showers - New cabinets and countertops - New appliances - Updated artwork and furniture We also completely redesigned the landscaping throughout the property, transforming this once underperforming asset into an exceptional rental investment. Property Performance: - Annual income: approx $265,000 - NOI $149,000 -Total reviews: 500+ - Average rating: 4.9 stars -Cap rate 10 Property Details: - 11 units, each approximately 650 square feet All with 1 bedroom, 1 bath, livingroom, dining room, kitchen on the water. - Located on over 2.5 acres of waterfront property along Shell Creek - Amenities include docks, canoes, and kayaks for guests to enjoy fishing and scenery Operational Efficiency: The entire property is managed through Hostaway, a comprehensive software solution that: - Synchronizes bookings across Airbnb, Booking.com, VRBO, and direct website - Automatically adjusts pricing based on demand - Sends automated guest communications - Generates unique door access codes for each stay This property represents a great investment with professional management and a cleaning crew to handle any potential issues, making it an great low-maintenance revenue generator
MLS: #O6298244
* School data provided by National Center for Education Statistics, and GreatSchools. Intended for reference only. The GreatSchools Rating is based on a variety of school quality indicators, including test scores, college readiness, and equity data. To verify enrollment eligibility, contact the school or district directly.
What will my commute be?
Status: Active
Listed Date: 01/26/2025
Days On Market: 15
Parking Total: 22
Year Built: 1978
Parcel Number: 402324401001
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