Address
6490 S Us Highway 1, PORT SAINT LUCIE, FL
Price
$ 1,950,000
Property Attributes
- MLS#O6178100
- TypeCommercial
- CountyST LUCIE
- CityPORT SAINT LUCIE
- AreaPort Saint Lucie
- NeighborhoodWhite City Gardens Unrec
- Zip34952
- StyleHotel/Motel
- Year Built1957
- Taxes$ 18628
- Price$ 1,950,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage4882
- Lot Size0.49 Acres
Data Source:
Stellar MLS
Property Description
The Rainbow Motel features 13 units available as weekly rentals. One of the units is a full 2 bedroom apartment and the other 12 units are efficiencies. This property brought in a total net operating income of $225,000 for 2023 making this nearly a 12 cap how it currently sits with actual documented financials. Since the current owner purchased the property they have done major upgrades. A majority of the units have been completely upgraded including flooring, kitchens, paint, and bathrooms. This Motel offers many amenities which include in-room refrigerator, microwave, guest laundry, and ADA accessible rooms. Sited in close proximity to the beaches, golf clubs, shopping centers and restaurants this is an incredible investment.
| Price History | |
|---|---|
| 2/11/2024 | Listed $1,950,000 |
General Features
| Cooling | Central Air,Wall/Window Unit(s) |
|---|---|
| Zoning | COMM GENRA |
| Construction Materials | Block |
| Year Built | 1957 |
| Property SubType | Hotel/Motel |
| Tax Year | 2023 |
| Percent Ownership | Partnership |
| County | St Lucie |
| New Construction | No |
| Property Type | Commercial Sale |
| Subdivision Name | WHITE CITY GARDENS UNREC |
| Status | Active |
| Directions | coming from the north it will be on the left. |
| City | PORT SAINT LUCIE |
| Buyer Agent Compensation | 2.5% |
| MLS Area | 34952 - Port Saint Lucie |
| Lot Size Square Feet | 21344 |
| Waterfront Y/N | No |
| Street Name | Us Highway 1 |
| Tax Annual Amount | 18628 |
| Public Remarks | The Rainbow Motel features 13 units available as weekly rentals. One of the units is a full 2 bedroom apartment and the other 12 units are efficiencies. This property brought in a total net operating |
| Virtual Tour | https://www.propertypanorama.com/instaview/stellar/O6178100 |
| Days on Market | 1 |
| Standard Status | Active |
| Tax Lot | 6 |
| Legal Description | WHITE CITY GARDENS-AN UNRECORDED PLAT IN SEC 15-36-40 LOT 6 AND W 25 FT OF S 101.25 FT OF LOT 32 (0.49 AC) |
| Water Access Y/N | No |
| Water View Y/N | No |
Interior Features
| Air Conditioning Y/N | Yes |
|---|---|
| Living Area Units | Square Feet |
Exterior Features
| Lot Size Area | 21344 |
|---|---|
| Foundation Details | Slab |
| Number of Buildings | 3 |
| Building Area Total | 5826 |
| Lot Size Acres | 0.49 |
| Road Surface Type | Concrete,Gravel |
| Lot Size Units | Square Feet |
| Road Frontage Type | Highway |
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 Commercial Average in 34952
Price
Taxes
Visits
Year Built
Copyright © MFRMLS.com 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. Information on this site was last updated Last updated on May 13, 2024 12:09 AM UTC The listing information on this page last changed on Last updated on May 13, 2024 12:09 AM UTCd. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of MFR MLS.
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 13, 2024 12:09 AM UTC
© 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.
