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Florida Business For Sale |
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| MMB0147 BEACH CONDO CONVERSION PROJECT |
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| Attn: Mike Fendley |
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| Ft. Pierce, FL, USA |
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| Asking Price: |
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$1450000 USD USA Dollars |
| Business for Sale Industry: |
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Commercial Real Estate: Multifamily |
| Yearly Revenues: |
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$156652 |
| Yearly Cash Flow: |
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$120972 |
| Yearly Net Profit: |
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$120972 |
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Business for Sale Overview:
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Robinson Fendley Business Brokers is offering a very unusual opportunity to buy 10 beach condos, get special cash flow incentives for two years while you flip individual condo units to make a profit. These 10 beach condos are currently operating as apartment complex. These absolutely gorgeous beach condos could easily be sold individually for a profit play. Stunning is the only way to describe these 2 BR/1BA units with full kitchen, washer/dryer, and private balconies. The location is ideally situated only a block from beautiful Hutchinson Island beaches or minutes away from Pelican Harbor Yacht Club. Although operating as an apartment complex it should be noted the condos are individually deeded and the potential for profits through individual sales is significant over the next few years. Principals only. RFBB305 broker approved.
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Property Features and Assets:
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Ten (10) condos within steps of the beach on Hutchinson Island. These 2 bedroom condos are typically 100 percent occupied and have the added feature of continuing to lease as apartment units or selling as individual condos. Each has spacious kitchen and include washer and dryer. Everything about these condos indicates quality construction and immaculate maintenance. |
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Market Competition and Expansion:
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The location on Hutchinson Island defines these condos. The old saying "they aren't making any more beach" certainly applies here. This beautiful location is highly desirable and for the long term investor could pay big dividends if sold in years to come. |
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Additional Details:
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- The property is owned.
- The owner may be willing to train/assist the new owner.
- The owner may be willing to work for the new owner.
- This may become a homebased business opportunity.
- This may become a franchise opportunity.
- This is not a distressed business or bankruptcy situation.
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