$2,200,000

About This Property

Back on Market soon. Great Investment opportunity! Turnkey! Cap rate of a minimum of 9%! Much opportunity to increase NOI! Amongst the largest Hotel rooms in Cape Coral most with fully equipped kitchens! Highest occupancy level of out of six hotels in Cape Coral year-round! Already fully staffed or make more money and owner run it yourself. With a motivated owner, this is a cash cow year-round! Financial growth ideas are increase daily rent amounts, canoe/kayak rentals, boat slip rentals, paddleboard rentals, restaurant opening , bait sales, beverage sales food sales (vending) , bike rentals etc., daily use of pool rentals and much more. Visit web site on site fishing galore with brackish water that leads to the Gulf of Mexico. Yes, we have manatee and dolphin! Property full of flora and fauna!

infoProperty Details

Property Type

Lodging and Hospitality: Economy/Limited Service,Lodging and Hospitality: Full Service,Multi-Family: 5+ Units

Year Built

1968

Lot Size

0.57 acres

Days on Market

67

Cumulative DOM

242

List Date

Mar 8, 2021

Sold Date

Nov 5, 2021

Annual Taxes

$20K (2020)

chairInterior Features

yardExterior & Lot

Mortgage calculator

Estimate excludes taxes, insurance, HOA dues, PMI, lender fees, and financial advice.

Listed By

Rossman Realty Group Inc

239-542-2084