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About
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Fantastic opportunity for rental income or redevelopment. 16 Room Motel plus adjacent 2 story 4 plex. Both currently operating as long term rental units. Fully occupied. All rents are well below market. Huge add value to operator who would utilize the motel license and rent short term to potentially double the existing cap rate. 4-Plex consists of 2 1/1s and 2 2/1s also fully occupied with long term tenants. Hollywood Beach/Van Buren Street

Monthly Mortgage for Unit 20

$19,500 / month
$0 Homeowner`s Association Dues
$0 Property Taxes *
$19,500 Principal and Interest
Price:$3,800,000
Down Payment:
Loan Amount:$3,040,000
Loan Type:30 Year Fixed 4.38%
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lower rate and reduce the monthly payment.
* property taxes are due & payable annually - the estimated amount listed is
broken down into a monthly figure for your budgeting.

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