Income producing beach retreat with no owner use maximum! Are you looking for Direct Gulf Front views, white sand beaches and PASSIVE Income? Look no further! This stunning one bedroom one bathroom South Beach Condo-Hotel pairs exceptional location with modern amenities and convenience. This 2001 built complex was built to maximize rental income with no minimum lease restrictions, meaning nightly rentals are allowed! Unlike most condo hotels, South Beach condos do not restrict the owner's maximum stay and owners have the choice to self manage or use a management company. This unit has a proven track record of grossing $40,000-$50,0000 / year in rental income and already has over $14,000 in pre-scheduled bookings for the next year! Recent improvements include PGT Impact Window and Sliding Doors, Brand new-A/C (2022), and a new hot water heater (2022). The condo features an open floor plan complete with a washer and dryer in unit, a light and bright kitchen, and private balcony perfect for viewing Treasure Islands idyllic sunsets. The unit is being sold fully furnished, complete with TV’s, linens, dishes, truly turn key! The condominium monthly fee is inclusive of Cable TV, Community Pool, Electricity, Escrow Reserves Fund, Insurance, Maintenance Exterior, Maintenance Grounds, Pest Control, Pool Maintenance, Sewer, Trash, Water. The South Beach Condo hotel truly offers a resort experience with a luxurious pool, shuffleboard court, grilling area, and hammock retreat all overlooking the beach.
Listing courtesy of COMPASS FLORIDA LLC.
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