Water Front Apartment Building

Description

This canal front apartment building offers many different options for the investor. The building has legally been formed as a condominium allowing for each unit to be sold separately. Additionally, the building could be operated as a short-term resort property. Ideally located just a 10 minute walk from the beach, these units are situated on the canal in the popular Bahama Reef Subdivision. The property features 180 feet of canal frontage and the neighboring vacant lot 28 can be purchased separately adding an additional half acre of land and 180 feet of water frontage. The additional property would allow developer to build a second building.

The property features (11) 1-bedroom units and a 3,200 sq. ft. penthouse which could be converted into 4 separate units are kept as is. There is a swimming pool and deck over looking the canal and docks. Dockage properties are highly sought after both by long-term and resort rentals.

The property has a new roof added in 2004 and a solar hot water system added in 2005.

Owner financing available.

Key Features

Waterfront, Canal Front,

Amenities

Central A/C, Parking, Communal Pool, Phone, Electricity, Cable, City Water,