SPECTACULAR WATERFRONT ONE BEDROOM/ONE BATH CONDO-HOTEL THAT THE OWNER CAN USE 45 DAYS A YEAR AND THE HOTEL USES IT 320 DAYS A YEAR AND EACH QUARTER THE REVENUE THAT IS EARNED FOR ALL THE ONE-BEDROOM UNITS IS COLLECTED, NOT JUST THIS UNIT AND IT IS CALCULATED AND AFTER EXPENSENSES IT IS DIVIDED BETWEEN THE RESORT HOTEL FOR MANAGING THE UNITS 55% AND THEN ALL THE ONE-BEDROOM UNITS GET 45%. ONE-BEDROOM THEN THE RENOVATION COST WILL BE FROM $60K to $70K. IT IS AN IDEAL SITUATION TO MAKE SOME MONEY TO PAY YOUR EXPENSES. INFORMATION DEEMED RELIABLE B BUT NOT GUARANTEED AND SHOULD BE INDEPENDENTLY VERIFIED.
Listing courtesy of CENTURY 21 BILL NYE REALTY.
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