$125,000
$139,000
10.1%For more information regarding the value of a property, please contact us for a free consultation.
2 Beds
2 Baths
1,486 SqFt
SOLD DATE : 10/01/2021
Key Details
Sold Price $125,000
Property Type Condo
Sub Type Condo - Hotel
Listing Status Sold
Purchase Type For Sale
Square Footage 1,486 sqft
Price per Sqft $84
Subdivision Oceanside Inn Condo
MLS Listing ID T3315091
Sold Date 10/01/21
Bedrooms 2
Full Baths 2
Condo Fees $644
Construction Status No Contingency
HOA Y/N No
Originating Board Stellar MLS
Year Built 1973
Annual Tax Amount $963
Property Description
RARE OCEANFRONT (DOUBLE UNIT) INVESTMENT CONDO HOTEL & VACATION OPPORTUNITY UNDER $140,000! Although units 922 & 923 must be purchased together, they can be rented separately or together for flexibility for families needing more space, etc. This investment opportunity also allows for personal vacation use of owner, if desired. Enjoy the ocean view from this condo's window on the ninth floor or take a few steps outside to the Tiki Bar located next to the community pool & hot tub for a cool refreshing drink. Stroll a few more steps, with drink in hand, to the deeded ocean access beach. This Fully Furnished, Turn-Key, 2-bed 2-bath special Hotel Investment Condo package is a 1031 Tax-Deferred Exchange Qualifying Replacement Property! Full rental management provided by hotel services staff. Unit owners keep 75% of the rental income, hotel staff management receives $25%. NOTE: Regular COA fees for these 2 units combined are $644.31 per month, there are two special assessments, one of which the seller may pay in full depending at closing for agreed upon offer, the other one is for current remodeling of common areas (see photos) for $273.95/mo until end of April 2022, then should adjust to the normal $644.31 per condo association management. Also have a single unit listed by same owner on the 3rd floor with asking price of $89,000! Seller is motivated and looking to reinvest into his home state of North Carolina, so let's discuss offers! Seller would like to have package price offer for 922/923 & 324 if possible, but not necessary.
Location
State FL
County Volusia
Community Oceanside Inn Condo
Zoning 400 CONDO
Interior
Interior Features Open Floorplan, Walk-In Closet(s)
Heating Central, Electric, Wall Units / Window Unit
Cooling Central Air, Wall/Window Unit(s)
Flooring Carpet, Tile
Furnishings Turnkey
Fireplace false
Appliance Microwave, Refrigerator
Exterior
Exterior Feature Other
Parking Features Covered
Community Features Deed Restrictions, Fitness Center, Pool, Water Access, Waterfront
Utilities Available BB/HS Internet Available, Cable Available, Electricity Connected, Phone Available, Public, Sewer Connected, Water Connected
Amenities Available Maintenance, Pool, Spa/Hot Tub
Waterfront Description Beach - Public, Gulf/Ocean
View Y/N 1
Water Access 1
Water Access Desc Beach - Access Deeded,Beach - Public,Gulf/Ocean
View Water
Roof Type Other
Garage false
Private Pool No
Building
Story 9
Entry Level One
Foundation Slab
Lot Size Range Non-Applicable
Sewer Public Sewer
Water Public
Structure Type Block
New Construction false
Construction Status No Contingency
Others
Pets Allowed No
HOA Fee Include Pool, Maintenance Structure, Maintenance Grounds, Maintenance, Management, Pest Control, Pool
Senior Community No
Ownership Fee Simple
Monthly Total Fees $644
Acceptable Financing Cash
Membership Fee Required None
Listing Terms Cash
Special Listing Condition None
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Bought with STELLAR NON-MEMBER OFFICE