Hotel in Port St. Lucie, Florida 453.55 sq.m. № 1004165
11
ID1004165
$ 1 950 000
- EUR €
- USD $
- RUB ₽
- GBP £
Property description
The Rainbow Motel features 13 units available as weekly rentals. One of the units is a full 2 bedroom apartment and the other 12 units are efficiencies. This property brought in a total net operating income of $225,000 for 2023 making this nearly a 12 cap how it currently sits with actual documented financials. Since the current owner purchased the property they have done major upgrades. A majority of the units have been completely upgraded including flooring, kitchens, paint, and bathrooms. This Motel offers many amenities which include in-room refrigerator, microwave, guest laundry, and ADA accessible rooms. Sited in close proximity to the beaches, golf clubs, shopping centers and restaurants this is an incredible investment.MLS #: O6178100
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CityPort St. Lucie
Address6490 S US HIGHWAY 1
TypeHotel
Living space453.55 m²
- m²
- sq. ft
Completion dateIV quarter, 1957
Price
- Price
- per m²
$ 1 950 000
- EUR €
- USD $
- RUB ₽
- GBP £
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