UNDER CONTRACT
Price: $2,499,000
Beautiful 10-Unit Vacation Rental Property
Tropical Villas of Venice Beach is a rare 10-unit vacation rental property, "on the Island" in Venice Florida, that generates an astonishing +$350,000 in Gross Annual Income!
The property contains 4 individual buildings surrounded by lush tropical landscaping, and a private pool, located a short walk to all that Venice, FL has to offer!
This excellent location provides customers with convenient & quick access to Venice Beach & Venice Avenue, while still maintaining a calm, quiet & relaxing vacation destination.
➜ The property is within three blocks of the Beautiful Venice Beach on the Gulf of Mexico, 2 blocks from the "main strip" in Venice, and is close to all amenities.
High barriers to entry & very low competition in the immediate area provide the asset with consistent occupancy levels!
This property won’t last long, don’t hesitate to get in contact with Rick Tobin! 954-543-5411
Amenities
8,268 SF | 0.43 Acres
10 Units
Private Pool
Just 2 blocks south-west of the "main strip" in Venice
3 blocks from Venice Beach
INVESTMENT HIGHLIGHTS
350K+ Gross $189 net / 7.6% Cap with full-time manager and housekeeping OR Owner Managed $218 net / 8.7% cap
Caps at a sale price of $2,500,000
2022 reservation at $124K as of April 2021
9.2+ on all review sites
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