Bought with Keller Williams Realty of PSL
$390,000
$400,000
2.5%For more information regarding the value of a property, please contact us for a free consultation.
15 Baths
7,056 SqFt
SOLD DATE : 12/27/2017
Key Details
Sold Price $390,000
Property Type Commercial
Sub Type Hotel-Motel
Listing Status Sold
Purchase Type For Sale
Square Footage 7,056 sqft
Price per Sqft $55
Subdivision Southern Pines
MLS Listing ID RX-10382274
Sold Date 12/27/17
Construction Status Resale
Year Built 1972
Annual Tax Amount $7,153
Tax Year 2016
Lot Size 0.330 Acres
Property Description
Priced to sell! Positive cash flow, income producing properties in this condition don't come often! Currently Performing at 11% CAP RATE. Unique 15 UNIT Mix use efficiency motel with 6-1bd/1ba apt sized units, 4 Efficiency rooms with kitchens, 2- large 1 bd/1.5ba apt sized units, 1-standard hotel sized room, 2- offices/retail spaces with separate powered meters, coined laundry room and manager office. Over 1/3 ACRES and centrally located in Fort Pierce. Lots of potential with 3 units vacant in need of rehab and an office/retail space in move in condition.
Location
State FL
County St. Lucie
Area 7070
Zoning C3
Interior
Heating Central, Window/Wall
Cooling Central, Central Individual, Wall-Win A/C
Flooring Carpet, Ceramic Tile, Tile
Fireplaces Type Smoke Alarm
Exterior
Utilities Available Cable, Electric, Public Sewer, Public Water
Roof Type Comp Shingle,Tar/Gravel
Building
Story 100.00
Foundation CBS, Concrete
Construction Status Resale
Others
Acceptable Financing Cash, Owner
Listing Terms Cash, Owner
Financing Cash,Owner
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
"Molly's job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "