THE ROCKY CREEK WATERFRONT RESORT IS 2,800 (M.O.L) SF OF PARADISE, WITH OVER 4 PRIVATE BEDROOMS, CONSISTING OF 11 TOTAL BEDS AND 2.5 BATHROOMS! THIS CONCRETE BLOCK RESORT SITS DIRECTLY ON THE ROCKY CREEK RIVER, IN THE ROCKEY POINT NEIGHBORHOOD OF TAMPA, FL! THE RESORT HAS BEEN UPDATED WITH ONLY THE FINEST FINISHES AND UPGRADES THROUGHOUT AND IS IN FANTASTIC CONDITION! THE PROPERTY HAS A BRAND NEW 5-YEAR (NNN) LEASE IN PLACE, THAT INCLUDES RENTAL INCREASES EACH YEAR. THE LEASE, WHICH WILL COMMENCE ON THE DAY OF CLOSING, IN 2022, WILL PAY THE OWNER $7,000 PER MONTH INITIALLY AND ONLY INCREASE OVER TIME! THE TENANT IS EXTREMELY STRONG AND HAS BEEN IN THIS BUSINESS FOR OVER 10 YEARS, THEY OWN AND OPERATE OVER 20 PROPERTIES IN THE TAMPA/ST.PETE/CLEARWATER AREA AND HAVE A STRONG TRACK RECORD OF SUCCESS! THE PROPERTY BOASTS AN IN-PLACE CASH-ON-CASH RETURN OF OVER 18%. THIS ONLY GETS BETTER AS THE NNN LEASE WILL INCREASE EACH YEAR! A BUYER CAN EASILY OBTAIN A CAP RATE OF OVER 8% AND A CASH-ON-CASH RETURN OF OVER 20% BY EARLY 2024! THE TENANT HAS INVESTED OVER $80,000 OF THEIR OWN FUNDS TO RENOVATE AND UPGRADE THIS AMAZING PROPERTY IN 2022! THIS ONE-OF-A-KIND OPPORTUNITY IS PERFECT FOR AN INVESTOR LOOKING FOR CONSISTENT MONTHLY INCOME IN BEAUTIFUL TAMPA, FL. WITH A LONG-TERM LEASE IN PLACE, A BUYER CAN COLLECT MONTHLY RENT FOR THE NEXT 5-YEARS + WITHOUT LIFTING A FINGER! THE CURRENT TENANT IS RESPONSIBLE FOR ALL REPAIRS AND MAINTENANCE AT THE PROPERTY AS WELL AS ANY OTHER EXPENSE INCURRED AT THE RESORT, OTHER THAN PROPERTY TAX AND PROPERTY INSURANCE, THROUGHOUT THE ENTIRE TERM OF THE LEASE! THIS AMAZING RESORT IS IN IMMACULATE CONDITION AND HAS ALL THE FINEST FINISHES, SUCH AS ALL-NEW TILE BATHROOMS AND A CUSTOM MODERN KITCHEN. UPDATED HVAC SYSTEMS, LUXURIOUS MARBLE, AND TILE FLOORING, INTERIOR PAINT, 5+FLAT SCREEN TVS, OUTDOOR TV AND SEATING AREA, GRILL, WASHER/DRYER, AND 4 BEDROOMS THAT SLEEPS OVER 20 GUESTS! THE MAIN SECTION OF THE HOUSE ENCOMPASSES THE KITCHEN, DINING, AND LIVING ROOM WITH A BREAKFAST BAR FOR GUESTS TO HAVE ALL THEIR MEALS! THE PROPERTY SITS DIRECTLY ON THE WATER WHERE GUESTS HAVE ACCESS TO A PRIVATE BOAT LAUNCH, BOATS, KAYAK, CANOE, FLOAT, FISH, BBQ, OR TAKE A SIESTA IN ONE OF THE HAMMOCKS AND UNWIND AT THIS PERFECT LOCATION. IN THE EVENING GUESTS CAN ENJOY BEAUTIFUL FLORIDA SUNSETS ON THEIR PRIVATE DECK! THE OWNER INVESTED OVER $80,000 IN NEW FURNITURE AND INTERIOR UPGRADES INSIDE THE HOUSE AS WELL! ALL UPGRADES, INCLUDING THE NEW FURNITURE AND FIXTURES, WILL CONVEY TO THE BUYER AT CLOSING. THIS IS A ONE-OF-A-KIND OPPORTUNITY TO BUY PRIME WATERFRONT REAL ESTATE IN TAMPA, FL THAT WILL PRODUCE INCOME IMMEDIATELY WITHOUT HAVING TO LIFT A FINGER TO MANAGE! CURRENTLY HAS A BRAND NEW 5-YEAR (NNN) LEASE IN PLACE, THAT INCLUDES RENTAL INCREASES EACH YEAR. THE LEASE, WHICH WILL COMMENCE ON THE DAY OF CLOSING, IN 2022, WILL PAY THE OWNER $7,000 PER MONTH INITIALLY AND ONLY INCREASE OVER TIME! THE TENANT IS EXTREMELY STRONG AND HAS BEEN IN THIS BUSINESS FOR OVER 10 YEARS, THEY OWN AND OPERATE OVER 20 PROPERTIES IN THE TAMPA/ST.PETE/CLEARWATER AREA AND HAVE A STRONG TRACK RECORD OF SUCCESS! CURRENTLY, THE PROPERTY BOASTS AN IN-PLACE CAP RATE OF OVER 7.3%. THIS ONLY GETS BETTER AS THE NNN LEASE WILL INCREASE EACH YEAR! A BUYER CAN EASILY OBTAIN A CAP RATE OF OVER 8% AND A CASH-ON-CASH RETURN OF OVER 9% BY EARLY 2024! THE TENANT HAS INVESTED OVER $80,000 OF THEIR OWN FUNDS TO RENOVATE AND UPGRADE THIS AMAZING PROPERTY IN 2022! THIS ONE-OF-A-KIND OPPORTUNITY IS PERFECT FOR AN INVESTOR LOOKING FOR CONSISTENT MONTHLY INCOME IN BEAUTIFUL TAMPA, FL. WITH A LONG-TERM LEASE IN PLACE, WHICH WILL PAY THE OWNER A MINIMUM OF $84,000 ANNUALLY, A BUYER CAN COLLECT MONTHLY RENT FOR THE NEXT 5-YEARS + WITHOUT LIFTING A FINGER! THE CURRENT TENANT IS RESPONSIBLE FOR ALL REPAIRS AND MAINTENANCE AT THE PROPERTY AS WELL AS ANY OTHER EXPENSE INCURRED AT THE RESORT, OTHER THAN PROPERTY TAX AND PROPERTY INSURANCE, THROUGHOUT THE ENTIRE TERM OF THE LEASE!
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