5075 N BEACH RD UNIT B4 ENGLEWOOD FL 34223

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5075 N BEACH RD UNIT B4 ENGLEWOOD FL 34223

ENGLEWOOD, FL 34223
Asking Price
$1.89M
Asset Type
Apartment Building Multifamily
Class
Class B

What's Special

TURNKEY QUADPLEX + ESTABLISHED RENTAL BUSINESS ON MANASOTA KEY <p>Quadplex with Deeded Beach and Bay Access</p><p>Set up as a Short Term Rental Resort. Fully furnished including everything needed for guests vacation.</p><p>Large swimming pool located on site.</p><p>Kayak launch with kayaks on the Bay side</p><p>Beach chairs, buggys, etc on site for the beach</p><p>Top floor is one unit currently utilized by the Seller and the bottom floor is 3 units. </p><p>Popular destination on VRBO and AirBNB</p><p>Sale comes complete with the current book of business, b

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NOI
$80,000
Cap Rate
4.23%
DSCR
0.71
Underwater
Cash-on-Cash
-5.68%
Monthly Payment
$9,350.689
Annual Cash Flow
$-32,208.265

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