Sebastian's Pelican Cottages For Sale
11330 US Highway 1, Sebastian, Florida 32958
Sold: $1,350,000
Property Details
Property Type
Residential
Building Type
Freestanding
Building Size
10,257 sqft
Land Size
0.76 acres
Units
18
Sewer
County, Septic
Water
County
Zoning
(CG) General Commercial
Electric
FPL
Year Built
1936
Property Description
FEATURES:
- 18 Unit Vacation & Hotel Rental in Sebastian’s Riverfront District!
- 15, One-Bedroom and 3, Two-Bedroom Units
- On-Site Laundry Facilities!
- Recent Capital Improvements Including Re-Plumbing, Re-Roofing, and Renovating Bathrooms/Kitchens.
- Meticulously Maintained and Managed with Strict Requirements for New Guests as well as Diligent Cleaning Standards
BUILDING: 9 Buildings Totaling Approximately 10,257 SF
PROPERTY SIZE: .76 Acres with 172 Ft. of Frontage on US Hwy 1
ZONING: (CG) General Commercial
RE TAXES: $7,221.96 (2020)
UTILITIES: County Water, Sewer & Septic, FPL
NOI: $148,765.53
CAP RATE: 8%
PRICE: $1,795,000
