Turn key investment opportunity . 10% Cash on Cash return with occupy rate at 90-95%. During season,occupy rate is 100% with cap rate at 11-12%. The property is currently booked until November 2019. This direct beach front 3 story property is located in a quiet area of Cape Canaveral Fl with direct access to the beach.This Property has been recognized by the City of Cocoa Beach and the City Cape Canaveral as a vacation weekly rental for over 10 years. The Owner has a keen eye for decor an elegant taste for furniture. Each floor has been decorated to make you feel welcome and relaxed, with giving you that fun and unique experience for families with all ages, also suitable for the corporate executives and companies in transition relocating to Florida.
|--||New Value: $940,000|
|5/27/2019 8:03:00 PM|