Saturday, May 25, 2013

"I was seldom able to see an opportunity"

"until it had ceased to be one"  Mark Twain
Have you ever dreamed of owning your own B & B?  This could be your chance!  This property is located in the historic section of old Eau Gallie.  The home was built in 1886 and has 3226 square feet.  The home has been totally upgraded with fire and  sprinkler system which will make it much less expensive to insure.  It also has a detached 3 car garage and sits on .42 acre.  It is priced at $749,900 or $232 per square foot, I feel that is a bit overpriced but if this section of town continues to thrive the value will be there in the future.

There is a unique property available in Cape Canaveral.  It actually consists of 2 properties.  The first is a 3 story triplex sitting on 1.1 acre on the ocean.  This triplex generates $36,000 in annual cash flow.  There is also an existing pad on the ocean that will allow 2 more units to be built.  This one is listed at $1,100,000.  The adjacent property is .48 acre with 4 existing units and the properties together generate $75,500 in annual cash flow with room to build a total of 15 units on both properties.  The adjacent property is also listed at $1,100,000 or we could put together a deal for both properties at a lesser price.

Jim Bagwell  

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