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Listing Details
- $1,100,000
- MLS# 385971
- Type Commercial - Business
- Status Active
Listed By
Agency Name: Wise Living Real Estate LLC
Agency Phone: 251-928-9473
Shown By
Agency Title: Levin Rinke Realty
Agency Phone: 850-916-5050
Home Value Estimate
Description
10% Cap Rate Investment ? 100% OccupancyLocated on Highway 59 in the heart of Summerdale, this 2.3-acre property is zoned B-2 (Commercial Business) and offers high visibility and strong traffic counts. The property includes eight cottages/tiny homes (ten rental units total) with approximately 5,900 square feet of rentable space. All units are furnished and leased on a weekly basis. Riviera provides electricity, Point Broadband provides internet, and the Town of Summerdale provides water and sewer.Although the property is currently 100% occupied, a 10% vacancy expense has been applied in the underwriting to reflect realistic long-term performance...read more
Features
- Central Air
- Central
- 1.0 Story
- Public
- Built in 1996
Gallery
Listed By
Agency Name: Wise Living Real Estate LLC
Agency Phone: 251-928-9473
Shown By
Agency Title: Levin Rinke Realty
Agency Phone: 850-916-5050
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