Open House Thu, May 16th 10:00 AM - 12:00 PM
Address
610 Donax Street # 311, Sanibel, FL
Price
$ 1,999,999
Property Attributes
- MLS#223021154
- TypeMulti-Family
- CountyLEE
- CitySanibel
- AreaSI01 - Sanibel Island
- NeighborhoodSanibel Surfside Condo
- Zip33957
- Style
- Year Built1980
- Taxes$ 9386
- Price$ 1,999,999
- Bedrooms5
- Full Bathrooms3
- Half Bathrooms0
- Sqr Footage2500
Data Source:
Florida Gulf Coast MLS (SWFLMLS)
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.
| Price History | |
|---|---|
| 3/17/2023 | Listed $2,350,000 |
| 10/24/2023 | 15% - $1,999,999 |
General Features
| Sewer | Public Sewer |
|---|---|
| Heating | Central,Electric |
| Cooling | Central Air,Electric |
| Utilities | Cable Available |
| Possession | See Remarks |
| Roof | Metal |
| Condo Fee | 0.00 |
| Exterior Features | None |
| Architectural Style | Other |
| Construction Materials | Vinyl Siding,Wood Frame |
| Pets Allowed | Yes |
| Year Built | 1980 |
| Tenant Pays | See Remarks |
| Unit Number | 311 |
| Property SubType | Triplex |
| Tax Year | 2022 |
| Waterfront Features | None |
| Community Features | Condo Hotel Community,Near Hotel/Motel,Non-Gated |
| County | Lee |
| Net Operating Income | 213128.17 |
| Operating Expense | 61485.67 |
| Property Type | Residential Income |
| Association Amenities | Beach Rights,Beach Access |
| Subdivision Name | SANIBEL SURFSIDE CONDO |
| Status | Active |
| City | SANIBEL |
| Zoning Description | MF |
| Total Units | 1 |
| MLS Area | SI01 - Sanibel Island |
| Street Name | Donax |
| Tax Annual Amount | 9386.2 |
| Property Condition | Resale |
| Days on Market | 425 |
| Structure Type | Triplex |
| Standard Status | Active |
| Property Sub Type Additional | Triplex |
| PostalCity | SANIBEL |
| Legal Description | SANIBEL SURFSIDE CONDO COMMON ELEMENTS 1175/1091 TENNIS CTS-POOL-TRIPLEX |
Interior Features
| Flooring | Wood |
|---|---|
| Air Conditioning Y/N | Yes |
| Heating Y/N | Yes |
| Window Features | Other |
| Full Baths | 3 |
| Street Suffix | Street |
| Total Bedrooms | 5 |
| Total Baths | 3 |
Exterior Features
| Lot Features | Oversized Lot |
|---|---|
| Water Source | Public |
| Canal Width | None |
| Boat Access | None |
| Building Area Total | 2500 |
| Road Surface Type | Paved |
| Lot Size Units | Acres |
| Lot Size Source | Survey |
| LotDimensionsSource | Survey |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Multi-Family Average in 33957
Price
Taxes
Visits
Year Built
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All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided 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.
Updated on May 15, 2024 4:01 PM UTC
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© 2024 Florida Gulf Coast MLS (FGCMLS) Information deemed reliable, but not guaranteed. The IDX data relating to real estate for sale on this web site comes in part from the Florida Gulf Coast Multiple Listing Service. The information being provided is 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 not guaranteed.
