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This Realtor owned Property management business in SW Florida comes with two Quadplexes that were renovated in 2018. The properties have advanced booking through April of 2022 with 1/3 down deposits. The owner lives in one unit and rents out the other 7 units on a weekly basis. The property is located just one block form the beach and in close walking distance to many bars and restaurants. The Cap Rate is 16.81%
Real Property Included
A buyer can add additional units to this cluster as properties become available.
There are no other quadplexes in this town. Mostly there are duplexes and just a few triplexes. In addition, only two streets in the entire town are zoned to allow weekly rentals. All others must do monthly rentals and those are far less profitable.
Moving to the Keys
Seller will provide two weeks of detailed training.
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