$995,000 ($306 per SQ/FT)
3740 GULF OF MEXICO DRIVE, Longboat Key, FL, Florida 34228. Simply, it's Longboat Key's only 4-unit multi-family property. This direct waterfront rental has proven to be a true "hands off" money maker in the past, at one-time netting over $80000/yr in gross receipts. The HOA maintains the grounds, the roof, all insurances, and is fully funded. Literally no differed maintenance to the owner, ever! It can be rented annually, seasonally, and even monthly. Boat slips are available for around $30/month if you and/or your tenants have one needing a space. A brand new community pool is scheduled to open in January. Tons of social events, deed beach access across the street, and the ability to live in one and profit from the rest. Attract grade-A tenants with this one of a kind opportunity.
Listing courtesy of PREMIER SOTHEBYS INTL REALTY