Sunset Inn / 7 Unit Holmes Beach Resort

Hospitality for Sale
Catylist Listing ID: 30290115
Property Subtypes: Inn, Resort, Vacation Rental(s)
Number of Units: 7 Units
Building Size (RSF): See Agent
Gross Building Area: See Agent
Gross Land Area: 16,830 SF
Sale Price: $2,285,000
Unit Price: $326,428.57 Per Unit
Property Use Type: Business
Building Name: Sunset Inn Holmes Beach
Name of Establishment: Sunset Inn Holmes Beach
Sale Terms: Cash to Seller
Cap Rate: 6.0%
Last Updated: 2/18/2019

Overview / Comments

Holmes Beach Resort 7 UNITS 3 Parcels included in sale: 3006 Gulf Dr. ( 74892-0000-1): 3008 Gulf Dr. ( 74891-1000-2): 3010 Gulf Dr. ( 74891-1000-3) This casual resort located on Holmes Beach is centrally located, steps to the beach and restaurants and shopping. Lounge in the tropical oasis pool while enjoying a cool drink under the thatched hut. Family friendly resort offers several styles of accommodations to meet all your needs whether vacationing with the family or extended group of guests. Choose form studio or 1-2 bedroom suites or 3 bedroom 2 bath home to accommodate the whole family in comfort. Excellent short term rental history for investor or owner operator. Come experience the tropical breezes and easy living style that is the true Holmes Beach vacation.

Financials

Finance Data Year 2018
Real Estate Taxes - Annual($) $18,500 (Annual)
Gross Operating Income $302,508 (Annual)
Net Operating Income $138,000 (Annual)
Actual or Proforma Year Actual

Additional Details

Nearest MSA: North Port-Sarasota-Bradenton
County: Manatee
Submarket/Township: Coastal
Submarket Type: Other
Taxing Authority: Manatee County
Tax ID/APN: 7489200001, 7489200002, 7489200003
Zoning: HB R4
Retail Clientele: Tourist
Property Visibility: Excellent
Largest Nearby Street: Gulf Dr
Feet of Frontage: 150
Airports: Sarasota International Airport
Total Number of Buildings: 3
Number of Stories: 2
Property Condition: Good
Construction/Siding: Stucco
Water Recreation: Outdoor Pool
Parking Type: Surface
Heat Type: Electricity
Heat Source: Central
Air Conditioning: Other
Internet Access: Cable
Zoning Description: R4 Short Term Vacation Rental VCR ? Vacation Rental Certificates issued to each unit.
In Flood Plain?: Yes
Lot Frontage: 150'
Lot Depth: 110'
Water Service: Municipal
Sewer Type: Municipal
Land Ownership: Fee Simple
Legal Description: Long Legal See Attachment

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,142 13,281 33,236
Median Age: 58.84 60.84 57.05
Households: 627 6,922 16,505

Contact

Photograph of Listing Agent

Constantine Steve Stratos

RE/MAX ALLIANCE GROUP MFCRE Member
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