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Charles Rutenberg Realty Associates is one of Florida's Largest Real Estate Offices
Tell Us What Your Are Searching For Here or Call (727) 399-1347 with any
questions
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SAMPLES BELOW - Listings are no longer for sale
All figures are approximate and being used as a general guide to give you some insight into the details necessary to make a wise financial decision.
Asking $439,000 - Investment Gulf Beach Condo Hotel
$63,073 2016 Rental Revenue for 2016
List Price: $439,000 - Offer $420,000
Taxes: $4,879.00
HOA Fee Monthly: $567.00 Includes: Building Exterior, Cable, Community Pool, Escrow Reserves Fund, Flood Insurance, Ground Maintenance, Insurance Building, Pest Control, Roof, Security,
Trash Removal, Water/Sewer
ESTIMATES - Accepted price $420,000
Gross Annual Rental Revenue $62,000
Property Management
10% rental fee $6200
Appx cleanout fee $150 X 40=$6000 (charged to renter and included in Gross)
$49,800
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Tax 13% on $62,000 =$8060
$41,740
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Maintenance fee $567 x 12=$6804
$34,936
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Interior Insurance for the unit - appx $1000
$33,936
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Warranties for Appliances Etc - appx $500
$33,436
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Electric appx $150 x12=$1800
$31,636
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Property Tax on $420,000 = appx $6,000
$25,636
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ESTIMATES - Accepted price $420,000
Gross Annual Rental Revenue $62,000
Property Management 20% Full service and Advertising $12,400
Appx cleanout fee $150 X 40=$6000 (charged to renter and included in Gross)
$43,600
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Tax 13% on $62,000 =$8060
$35,540
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Maintenance fee $567 x 12=$6804
$28,736
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Interior Insurance for the unit - appx $1000
$27,736
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Warranties for Appliances Etc - appx $500
$27,236
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Electric appx $150 x12=$1800
$25,436
Property Tax on $420,000 = appx $6,000
$19,436
APPX NET - $19,436 (with 20% full management)
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$403,500 - SUNSET VISTAS Investment Gulf Beach Condo Hotel
Gross Rental Income $50,000 plus - Gulf view Investment Fl Beach Condo.
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Condo Interior Warranties for Appliances Etc.
Globe Home Warranty
Review Plans
American Home Shield Review Plans
Condo insurance
- The HOA usually has a master insurance policy which covers
the common areas and buildings from the outside. Part of the monthly
association fees go to the upkeep and insurance for the common areas. Buyer should review it.
Condo Owners insurance policies cover the inside
structure of the unit and personal contents.
Prices vary by the views, partial or full beach views for example,
location in the complex and the floor the unit is on.
BACK TO WATERFRONT FLORIDA CONDO MAIN PAGE
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TO WATERFRONT FLORIDA CONDO MAIN PAGE
Gulf-Front Condo Hotel. Owners average appx 85 to 96% occupancy rate from
the on-site management company.
On site restaurant, beach tiki bar and barbque grills and fitness center. Near Johns Pass Village for Boat rentals, dozens of restaurants and shops, casino cruises etc.
ALL UNITS HAVE A BALCONY AND A VIEW OF THE GULF BEACH. ALL UNITS ARE FULLY FURNISHED
WITH SIMILAR TOMMY BAHAMA FURNISHINGS. ALL UNITS INCLUDE INSIDE WASHER AND
DRYERS, FULL APPLIANCES, UTENSILS AND PLATES, TOWELS AND TV SETS.
Owners can block out any 90 days per for personal use and it can be
separate weeks
Your bank or lender should know that the loan is for a CONDO HOTEL
INVESTMENT. You may be required to put down a higher down payment. All Cash
buyers usually get the best deals. A few gross income statements from past
negotiations are below. The ones that appear in the listings remarks we ask
to see the actual sellers rental invoices.
UNITS STARTING WITH NUMBER 2 are on the 2nd floor. 6
is the top floor.
Units with a W are the front of the complex. S is South and N is North
part of complex.
Units with the number 13 are closest to the beach. Units starting at 1
are furthest from the beach. The under building parking is on the
first level.
MAP OF THE GULF FRONT - BEACH SIDE
OF PINELLAS COUNTY FLORIDA
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