Vacation rental Townhome

1 Unit Apartment Building Offered at $1,540,000 at a 8% Cap Rate in Indialantic, FL 32903

Asking Price $1,540,000

Property Type: Multifamily
Square Feet: 3,100 SF

Listing Contacts

Joanie Shepherd

Verified Profile

Property Info

Property Overview

Welcome to IL MARE, a new TOURIST ZONED 3 Townhome development on the barrier island coast. Tourist Zoned allows for short term rentals. East of A1A with ocean access 100 feet away. Balcony ocean views and Interior 3rd Floor Ocean Views. Walk to downtown shops and restaurants. Ocean Views from 2nd and 3rd floor balconies! Coastal modern architecture, 3 stories impact rated concrete block construction, underground electric, hardwood flooring, the perfect kitchen, 4 large en-suite master bedrooms, beautiful finishes and an elevator. Fee simple ownership, no condo rules!! Great primary, second home or investment with great ROI.

Property Details

Class: C
Year Built: 2023
Stories: 3
Lot Size (sq. ft): 10,019 SF
Units: 1

Highlights

Beach Acess 50 feet
Ocean Views
Open floor plan

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