21 MOTEL UNITS IN TREASURE ISLAND

21 MOTEL UNITS IN TREASURE ISLAND

Property #INL137  SOLD

Fantastic opportunity to purchase 2 ten unit motels, both on Gulf Blvd corner locations, and an adjacent cottage – unique situation, with the ten unit Beach House East on the east side of Gulf Blvd, and the ten unit Beach House West on the gulf side – one block to the Gulf of Mexico and its sandy beaches, with public access, and also a short walking distance to Johns Pass Village – zoned RFH50 on the west, and RFM-30 on the east, these parcels permit condominiums, motel/hotel, condotel, or apartment use – the motels are a mix of small 1 br units, motel rooms, and studios; historical income and expense data is limited, as the properties are being operated by a Trustee  – $ 1,049,000

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