Description
This beautiful Motel on Fort Myers Beach is one of a kind. The grandfathered in Motel allowes daily rental and therefore is one of the only ones on the market on Fort Myers Beach. The Hotel has 11 rooms grossing about 30-35k per year averaging $350.000 a year with current management. Costs including all operating expenses (incl. full insurance and housekeeping $74,576) making this a 15% plus cap-rate motel. Direct beach access only 30ft from the building. Some rooms have water view. The little Tikibar gives guests a place to grill and to enjoy the outdoors.Current owners operating can keep on managing this hotel. If they keep on managing, price is flexible.
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0BEDS
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0.14ACRES
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0BATHS
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01/2 BATHS
School Ratings & Info
Description
This beautiful Motel on Fort Myers Beach is one of a kind. The grandfathered in Motel allowes daily rental and therefore is one of the only ones on the market on Fort Myers Beach. The Hotel has 11 rooms grossing about 30-35k per year averaging $350.000 a year with current management. Costs including all operating expenses (incl. full insurance and housekeeping $74,576) making this a 15% plus cap-rate motel. Direct beach access only 30ft from the building. Some rooms have water view. The little Tikibar gives guests a place to grill and to enjoy the outdoors.Current owners operating can keep on managing this hotel. If they keep on managing, price is flexible.
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