PROFORMA ESTIMATED 10 CAP RATE - WATERFRONT, LICENSED HOTEL ON TREASURE ISLAND. ENJOY THIS TROPICALLY LANDSCAPED OASIS ON THE INTRACOASTAL WATERWAYS WITH 9 SEPARATELY DEEDED UNITS OF ALL SIZES. GUESTS WILL ENJOY THE PROXIMITY TO THE BEACH, RESTAURANTS AND PUBLIX. THIS PROPERTY IS ZONED FOR DAILY RENTALS AND CAN ACCOMMODATE GROUPS OF ALL SIZES WITH A POOL HOME THAT CAN SLEEP 8 AND AN ADDITIONAL 8 UNITS THAT CAN SLEEP 3-5. ALL UNITS ARE FURNISHED AND OFFER KITCHENS, PRIVATE DOCK OFFERS 2 BOAT SLIPS AND ROOM FOR FISHING.
Listing courtesy of ENGEL & VOLKERS MADEIRA BEACH.
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