Very Rare, 6 unit remodeled & updated apartment building on the water with boat access. No HOA fees. Located at the end of a quiet street close to shopping, bases & hospitals. Current owners operating as individual large, 1 bedroom, 1 bath rental units for extended stay military and healthcare professionals or anyone else that desires the style of 1 Bayou over a hotel. Individual units are also available to vacation renters who want to be on the water. Small boats with low draft like pontoons or bay boats are able to access the canal. combined the units currently bring in 15K + per month in gross rent, with expectations higher in summer season. Annual Gross income is approximately 190K and expenses as currently operated with owner managing are close to 39K per year.
Courtesy of: A List Beach Realty Llc Listing information provided courtesy of the Emerald Coast MLS. IDX information is provided exclusively for consumers' personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable, but is not guaranteed accurate by the MLS. Updated: 13th June, 2021 12:41 PM