Sanibel, FL610 Donax Street 311, Unit 311
Price$2,350,000
Est. Mortgage: $/month
MLS Number 223021154
- MultiFamily Residential Income
- Bedrooms 5
- Bathroom 5
- Year Built 1975
This quaint 3 unit Inn is just steps away from the Beach and located in the Resort Zone on Beachfront property. This property is a 100 year land lease with 54 years remaining. Graded 3 ½ feet above the ground and an additional 3 feet above sea level, flooding was never a problem until Hurricane Ian’s storm surge. The second floor 2 bedroom 1 bath unit was untouched, but the first floor 2 bedroom 1 bath unit and 1 bedroom 1 bath unit have been remediated completely in accordance with EPA standards along with the drying out phase. Permits have been pulled and the rebuilding of the downstairs has begun! This Inn has always enjoyed vacation bookings all year long with very little vacancies. Upon completion, with everything fresh and new, it will once again be top consideration for the vacationing public. You can be a part of the rebuild of Sanibel! Buyer will be credited for any unfinished rebuild in accordance with Contractors estimate. With many dates are already booked June 2023 through spring 2024, buyer will already have cash flow in place. Pictures taken prior to hurricane.
Listed by April Nixon - Re/Max Under the Sun