Real Life and Real Estate on Florida's Emerald Coast
Courtesy of: COLDWELL BANKER REALTY
Year Build: 2006
Total Baths: 2
Full Baths: 2
Address: 8436 Gulf Boulevard
County: Santa Rosa
Neighborhood: 11 - Navarre/gulf Breeze, Gulf Island Condos
Wow! This well-appointed condo is performing well above similar units as a short term rental (2021 gross income was over $61,000, 2022 gross income (bookings through November 1 –blocked after) are $49,000). This 3rd floor condo's balcony has views of the Gulf and Santa Rosa Sound. It comes fully furnished and set up with everything you need to accommodate 6 guests comfortably. Granite kitchen counters and stainless steel appliances make this kitchen a pleasure. 1 (king) bedroom, hallway bunks and 2 twin pull out chairs in the living room as well as 2 full bathrooms make this unit a flexible favorite for guests. Custom arcade gaming console with 300 games for 2 players! Gulf beach access is directly across the street. **Seller can continue management after purchase for 10%** Complex improvements underway are balcony reinforcements, complete paint of exterior of all buildings, sealing of windows and all railings recoated. That is nearly $4M worth of improvements that the current owner is paying assessments for and new owners and their guests will enjoy. Building improvements are scheduled to be completed by November 1 so bookings are blocked after that, ready for new owner.
Will consider cash offers or financed with at least 40% down with an approved lender to avoid beach financing pitfalls.
This experienced owner/manager of 4 Navarre Short term rentals is offering to help the new owner continue the success of this unit by managing future bookings, cleanings and maintenance for 10%.
Owner selling to upsize his investments.
Rental history, bookings and expenses available upon request. Don't miss out on this one!
Courtesy of: COLDWELL BANKER REALTY Listing information provided courtesy of the Emerald Coast MLS. IDX information is provided exclusively for consumers' personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable, but is not guaranteed accurate by the MLS. Updated: 5th December, 2022 9:17 PM (UTC)