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610 Donax Street , #311

Sanibel, FL 33957
  • $1,999,999
  • STATUS: Active
  • ON SITE: 461 Days
  • MLS #: 223021154
UPDATED: 72 min ago
$1,999,999
  • 5
    BEDS
  • 3.72
    ACRES
  • 3
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1980
County:
Lee

School Ratings & Info

Description

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.

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© 2024 Florida Gulf Coast Multiple Listing Service, Inc. All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from FGCMLS. Data deemed reliable but not guaranteed.IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or William Raveis Real Estate, Denison Yachting. Data last updated 2024-06-21T10:23:56.923.
www.wwaterfrontnaples.com/homes/137802439
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610 Donax Street , #311 Sanibel, FL 33957

  • Price: $1,999,999
  • Status: Active
  • On Site: 461 Days
  • Updated: 72 min ago
  • MLS #: 223021154
5
Beds
3
Baths
0
½ Baths
3.72
Acres
1980
Built
Neighborhood:
Sanibel Surfside Condo
County:
Lee
Area:
Si01 - Sanibel Island
Property Description
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.
Exterior Features

Architectural Style Other Construction Materials Vinyl SidingWood Frame Covered Spaces 0 Exterior Features None Irrigation Source None Lot Features Oversized Lot Road Surface Type Paved Roof Metal Structure Type Triplex Waterfront Features None Waterfront YN No

Interior Features

Cooling Central AirElectric Flooring Wood Heating CentralElectric Window Features Other

Property Features

Association Amenities Beach RightsBeach Access Association Fee 0 Association Fee2 0 Association Fee3 0 Community Features Condo Hotel CommunityNear Hotel/MotelNon-Gated Development Name SANIBEL SURFSIDE CONDO Gross Scheduled Income 274613.84 Gulf Access YN 0 Land Lease Amount 0 Listing Terms All Financing ConsideredCash Net Operating Income 213128.17 Operating Expense 61485.67 Pets Allowed Yes Pool Private YN No Potential Short Sale YN Property Condition Resale Property Sub Type Triplex Restrictions Sewer Public Sewer Spa YN No Tax Annual Amount 9386.2 Tax Year 2022 Tenant Pays See Remarks Utilities Cable Available Water Source Public Zoning Description MF

Listing courtesy of RE/MAX Trend.


© 2024 Florida Gulf Coast Multiple Listing Service, Inc. All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from FGCMLS. Data deemed reliable but not guaranteed.IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or William Raveis Real Estate, Denison Yachting. Data last updated 2024-06-21T10:23:56.923.
 
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William Raveis Real Estate, Denison Yachting
720 5th ave south
Naples FL, 34102