florida waterfront investment condos for sale
Income Condo Beach Investment

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 - SUNSET VISTAS Treasure Island FL 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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APPX NET - $25,636 (with 10% management fee-does some advertising)
Example Rental Site Marketing Sunset Vistas
https://www.homeaway.com/results/keywords:Sunset+Vistas,+Treasure+Island,+FL,+USA

https://www.homeaway.com/info/learn-more
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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

TO WATERFRONT FLORIDA CONDO MAIN PAGE


Sunset Vistas - Treasure island - Built 2006
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
map pinellas county waterfront


 

We represent Buyers and NOT the Sellers. We have a long record of negotiating asking prices down for our buyers thru extensive research.

CONDO INSURANCE- You may insure the inside of the unit with a separate policy. The condominium complex should have its own policy covering the outside of the property.
Most Condominium Complexes are covered by a master insurance policy. You should review the Association Documents for details on property insurance. Other items such as rental policy, maintenance fees, pet restrictions, association fees, parking space, use of boat slips, community boat ramps, pool etc. Flood insurance and property insurance also need to be considered. Contact us for a free consultation before making any offers especially if you desire to lease or rent a unit for income.

CONTRACTS ON A CONDO You have 3 days to cancel a contract after you receive and review the condo association documents. The condo docs explain rental policies, pet restrictions, parking and more.

CONDO LISTING PRICES are only the starting point. We compare every condo unit to others in the complex for size, view and other comparisons. We also compare similar condos in nearby complexes and then prepare a report for our buyers.

Many of the units can be purchased and then only used for your vacations, then rented out for income when you are not using the property.

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FLORIDA INCOME CONDOS - WATERFRONT INVESTMENT CONDOS