6490 S Us Highway 1, Port Saint Lucie, FL, 34952

6490 S Us Highway 1, Port Saint Lucie, FL, 34952

1957

4,882 sqft

The Rainbow Motel features 13 units available as weekly rentals. One of the units is a full 2 bedroom apartment and the other 12 units are efficiencies. This property brought in a total net operating income of $225,000 for 2023 making this nearly a 12 cap how it currently sits with actual documented financials. Since the current owner purchased the property they have done major upgrades. A majority of the units have been completely upgraded including flooring, kitchens, paint, and bathrooms. This Motel offers many amenities which include in-room refrigerator, microwave, guest laundry, and ADA accessible rooms. Sited in close proximity to the beaches, golf clubs, shopping centers and restaurants this is an incredible investment.


Status:

Active

Type:

Commercial

Complex:

WHITE CITY GARDENS UNREC

Cooling:

Central Air, Wall/Window Unit(s)

Acreage:

0.49

Est. Taxes:

$18,628

Construction

Block

Days on Market:

1

MLS #:

O6178100


Community Info

School Info

Walk Score

Yelp


Listing courtesy of EXP REALTY LLC Phone: 888-883-8509