This unique 11-unit income-producing property offers outstanding versatility and strong potential for both short-term and long-term rental strategies. Originally built as a motel, the property has been thoughtfully converted into a multi-unit rental complex featuring 10 one-bedroom, one-bath units with full kitchens, along with one spacious 2-bedroom, 2.5-bath unit complete with two full kitchens and a large living area--ideal for an owner's suite, manager's quarters, or premium rental. A shop that provides additional storage for boats, equipment, or recreational gear. Conveniently located directly across from the public boat launch on the Intracoastal Canal, the property offers quick access to Vermilion Bay and the Gulf, making it highly attractive to fishermen, hunters, vacationers, and contract workers. With ample limestone parking for vehicles and boat trailers, multiple income possibilities, and room to add value, this is a rare chance to own a one-of-a-kind investment property.
| Date | Event | Price | $/Sqft | Source |
|---|---|---|---|---|
| Listed For Sale MultiFamily | $575,000 | $88 | Keaty Real Estate Team |
| Year | Annual Amount | Description |
|---|---|---|
| $0 | LOTS 88,89,90 INT CITY 2025005356 IMP |