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

(Active)
$1,950,000
|
4,882 sqft
|
MLS# O6178100
Last Updated: 5/16/2024 10:56 PM
Description for 6490 S Us Highway 1 Port Saint Lucie, FL 34952
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.
Price
$1,950,000
WHITE CITY GARDENS UNREC
St Lucie
4,882 (approx)
O6178100
Active
Description
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.
Listing Information
Property Type: Business Opportunities, Other
0.49 Acres 4,882 (approx) 1957
Block
36//
WHITE CITY GARDENS UNREC
Slab
Neighborhood
Room Information
Interior Features
Central Air, Window/Wall Unit
Exterior / Lot Features
Block
COMM GENRA
Driving Directions
coming from the north it will be on the left.
Financial Considerations
34-15-502-0006-0006
$18,628
Listing Price History

Port Saint Lucie Real Estate

Port Saint Lucie is located in Florida.

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Courtesy: EXP REALTY LLC, 888-883-8509


All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified.
Listing information is provided for consumer personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Copyright 2017, My Florida Regional MLS
This content last refreshed on 5/16/2024 10:56 PM CST. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
Information is deemed reliable but is not guaranteed.

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