$1,388,888
105 NE 3rd St, A-D
Satellite Beach, FL 32937
MLS# 862954
2489 sqft


105 NE 3rd St, A-D, Satellite Beach, FL 32937
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Property Description
This luxuriously remodeled boutique hotel is a fully licensed, permitted, zoned BU-1 Commercial, owner-operated, short term rental TURN-KEY CASH COW. Accommodate up to 24 guests in 4 apartments w/ 7 BRs, 4 full Baths, 3.5 fully equipped kitchens and 2 pairs of laundry machines. Potential 10+% cap rate when not owner-occupied. Owner-operator is Airbnb Superhost w/ rating of 4.8/5 stars (300+ reviews!) Owner willing to train for continued Airbnb success & provide seamless transfer of confirmed bookings! Owner Astnt/ Co-Host willing to stay. Make $$$, live in paradise, nurture an already successful business w/ only a few hours of work per week. Property renovated w/ flexibility in mind. Interconnectivity between units A, B, C allow for large groups. Semi-secluded beach just steps away &

Details
Maps
Documents
Contract Information
Res Sub-Type: Income
Property Status: Standard
List Price: $1,388,888
List Price/SqFt: 558.01
Current Price: $1,388,888
Listing Date: 2019-12-12
Status: Active
Measurements From: Tax Rolls
Equitable Interest: No
Location, Tax & Legal
Tax Acct: 2607512
Tax ID: 26-37-23-26-00013.0-0001.01
Taxes: 4252.34
Tax Year: 2018
Street #: 105
Street Dir: NE
Street Name: 3rd St
Unit #: A-D
County: Brevard
State/Province: FL
Zip Code: 32937
Area: 381 - N Satellite Beach
General County Loc: South
Zoning: BU-1
General Property Description
Home Owners Assoc: None
# of Units: 4
Parking Spaces: 6
Open Parking Spaces: 6
SqFt - Total: 2489
SqFt - Living: 2489
Year Built: 1957
Acreage: 0.15
Lot SqFt: 6534
Split Bedroom: No
Waterfront: No
Fixer Upper: No
Pool: No
Pool - Private: No
Pool - Community: No
Remarks & Misc
Legal Desc: SOUTH PATRICK SHORES 2ND SEC W 80 FT OF LOT 1 BLK 13 EX CSWY R/W
Income & Expenses
Annual Gross Income: 123408
Annual Oper Expenses: 11500
Annual Net Income: 111908
Legal/Misc
Plat Book #: 11
Plat Book Page: 105
Unit/Addn: 4
Homestead: No
55+ Community: No
Gated Community: No
Home Warranty: No
Assumable: No
Schools
Elementary School: Sea Park
Middle School: DeLaura
High School: Satellite
Property Features
Property Type: Quadplex
Style: One Story
Parking: > 1 Space Per Unit; 2+ Spaces; Guest; Open Parking; Street
Site Location: Paved Street
Lot Description: County
Construction: Concrete Block
Exterior Finish: Painted; Stucco
Roof: Shingle - Asphalt
Floor: Terrazzo; Tile; Vinyl
Equipment/Appliances: Dishwasher; Dryer; Ice Maker Hookup; Laundry-Hookup; Microwave; Range w/Oven; Refrigerator; Refrigerator-Second; Washer
Security/Safety: TV Security
Source: Books; Owner Provided
Docs on File: Inventory List; Survey; Other - Call Agent
Rent Includes: Cable TV; Common Electric; Electricity; Exterior Maintenance; Garbage; Housekeeping; Insurance; Lawn/Land Mntnce; Maintenance Person; Management; Minor Repairs; RE Taxes; Water
Common Amenities: Barbeque; Laundry; Ocean Access; Park Area; Water Access
Utilities: Cable Available
Possible Financing: Cash; Conventional; Creative; Pvt Financing Avlbl
Possession: Closing
Expenses Include: RE Taxes; Other - Call Agent
Supplements
accessible by a charming path. Units furnished in upscale midcentury modern & coastal themed decor. Outside is alive w/ tropical manicured spaces, 3000 sq ft imported travertine, & courtyard! Dream!