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602 Poinsettia Avenue
Clearwater, FL 33767
Asking Price
$5.70M
Asset Type
Motel Hospitality
Class
Class B
What's Special
Clearwater Beach Investment Site <p>Fantastic Clearwater Beach Location </p><p>10 units with pool</p><p>Possible redevelopment site </p><p><span style="color: rgba(0, 0, 0, 1)">Build up to 10 condos or 17 condo motel units - must verify with the city</span></p><p>One block to the Gulf of Amercia</p><p>One Block to Intercoastal</p>
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NOI
$80,000
Cap Rate
1.40%
DSCR
0.24
Underwater
Cash-on-Cash
-15.11%
Monthly Payment
$28,200.49
Annual Cash Flow
$-258,405.88