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Sanibel Florida Multi Family for Sale

Naples Florida Real Estate

$1,999,999
Decrease*
$350K
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MLS# 223021154

610 Donax St # 311, Sanibel, FL 33957

Multi Family

Built 1980

Fully rebuilt after Hurricane Ian devastated Sanibel, this gem is a once in a lifetime opportunity for a buyer looking for an impressive income stream. This quaint three unit Inn is located in the Resort Zone and has always been rented as a daily rental. Just steps away from the Donax St beach, it has consistently been a priority destination for visiting tourists that love Sanibel for its shells, beaches and small town vibe. While the second floor was not touched by Hurricane Ian, we have still upgraded it as part of our rebuild, new Central Air Conditioner, new furniture and enhancements were important in include. The other 2 units have been rebuilt in totality, ground up. Also new roof, new siding, new landscaping, we have focused on each part of the process with forethought and care to make this again a destination for guests throughout the Country and Internationally. This Inn has been rented on the major online accounts since 2017 and has built up a reputation for consistent bookings. 2024 calendar is already booking out, so a buyer will close with income already in place. In addition, many previous guests book direct and come back year after year. This special property is a 100 year land lease with over 50 years remaining and a smart and stable investment without the volatility of other investment options. With all the working policies and procedures already in place, a new owner can virtually take over an established business, streamlined with proven efficiencies and income.

PROPERTY DETAILS:

Community Name: Sanibel Surfside Condo
Community Type: Condo/Hotel, Non-Gated
Amenities: Beach Access
Building Design: Triplex
Building Desc: See Remarks
Construction: Wood Frame, Vinyl Siding
Roof: Metal
Floor Description: Wood
Pets: Yes
Units in Building: 3
On Site Since: 03/17/2023
Water: Central
Lot Desc: Across From Beach Access, Oversize
Taxes: $9,386
Tax Year: 2022

THIS PROPERTY IS COURTESY OF:

RE/MAX Trend

IMAGES:

LOCATION:

AREA SPECIALIST:


Oleg Mikhailov
Oleg Mikhailov

Area Specialist, REALTOR®
Broker Associate
GRI - Graduate Realtor Institute

Luxury of Naples Group at Amerivest Realty

Phone: (239) 280-1237

Websitehttps://www.realtyofnaples.com

Bio: Oleg is a specialist who has been living in Naples since 1999 and is familiar with Naples, Bonita Springs, and Marco Island, and all the neighborhoods inside-out. He has the ability to assist you in selecting the best for your family's needs. With his knowledge you can be sure that you'll be comfortable with him as your Real Estate Agent. [ More... ]

CONTACT / REQUEST APPOINTMENT:


In order to better assist our clients, we need to know as much as possible relating to: you, your situation, your needs, what you are looking for, and how we can best assist you. Please be as detailed as possible, for if you are vague, we may miss something - thus, not providing the best service possible. Your satisfaction is our top priority. Thank you and we look forward to earning your business.








Broker Reciprocity LogoThis property is courtesy of RE/MAX Trend. *Just Listed: new properties that came on the market within the last 30 days.
*Decrease/Increase: listing values that are being recorded within the last 30 days.
*Foreclosures/Short Sale: Please note, all properties are subject to bank approval. Buyers must be pre-approved or show proof of funds before submitting an offer.

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