THIS OFFERING INCLUDES: a 20-efficiency apartment building, rented on a weekly or monthly basis, with most tenants paying in cash every Friday. A Duplex with two, 2/1 units. And a 4-bed/2.5-bath house. The Sandpiper Inn Park property is offered at an honest 5.83 CAP with beachside Cape Canaveral appreciation. An extremely cost efficient management and maintenance team is on-site and wants to stay. Or a new hands-on owner can move into the house and take over. The tenant base is stable: two tenants have been at the property more than 4 years and another 11 of the 20 between three months and a year. Property includes an office for the onsite manager, plenty of parking, and a laundry room with coin operated washer/dyers. Close to beaches, the port, and Orlando airport and attractions.
Listing courtesy of EXP Realty LLC.