Bought with Keller Williams Realty of PSL
$390,000
$400,000
2.5%For more information regarding the value of a property, please contact us for a free consultation.
15 Baths
7,056 SqFt
SOLD DATE : 12/27/2017
Key Details
Sold Price $390,000
Property Type Commercial
Sub Type Hotel-Motel
Listing Status Sold
Purchase Type For Sale
Square Footage 7,056 sqft
Price per Sqft $55
Subdivision Southern Pines
MLS Listing ID RX-10382274
Sold Date 12/27/17
Construction Status Resale
Abv Grd Liv Area 7
Year Built 1972
Annual Tax Amount $7,153
Tax Year 2016
Lot Size 0.330 Acres
Property Description
Priced to sell! Positive cash flow, income producing properties in this condition don't come often! Currently Performing at 11% CAP RATE. Unique 15 UNIT Mix use efficiency motel with 6-1bd/1ba apt sized units, 4 Efficiency rooms with kitchens, 2- large 1 bd/1.5ba apt sized units, 1-standard hotel sized room, 2- offices/retail spaces with separate powered meters, coined laundry room and manager office. Over 1/3 ACRES and centrally located in Fort Pierce. Lots of potential with 3 units vacant in need of rehab and an office/retail space in move in condition.
Location
State FL
County St. Lucie
Area 7070
Zoning C3
Interior
Heating Central, Window/Wall
Cooling Central, Central Individual, Wall-Win A/C
Flooring Carpet, Ceramic Tile, Tile
Fireplaces Type Smoke Alarm
Exterior
Utilities Available Cable, Electric, Public Sewer, Public Water
Roof Type Comp Shingle,Tar/Gravel
Building
Story 100.00
Foundation CBS, Concrete
Construction Status Resale
Others
Acceptable Financing Cash, Owner
Listing Terms Cash, Owner
Financing Cash,Owner
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