The part that makes this rare
STR zoning close to a Gulf Coast downtown is hard to find, and most properties that have it are older. This one is recently built, with two separate residences that can be rented together or apart.
The seller carries a large share of the price at 0%, principal only, with a seven year balloon and an optional three year extension.
The property is not currently operating as a short-term rental, so the NOI in the package is underwritten on an STR basis rather than earned. Treat it as a projection.
Buyers should complete their own due diligence.
At a glance
| Property type | Custom luxury duplexTwo independent 2-bed, 2-bath residences, about 2,200 sq ft each |
|---|---|
| Location | Florida Gulf CoastNear downtown; exact location disclosed after NDA |
| Zoning | Short-term rentals permitted |
| Purchase price | $1,850,000 |
| Features | Elevator, courtyard hot tub, outdoor kitchenSolar, accessible design, garage parking |
| Seller financing | 0% principal only, terms disclosed after NDA |
| Down payment to seller | |
| Projected monthly NOI | STR underwriting |
| Projected monthly cash flow |
Who this fits
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