Multi-Family Space For Lease @ 5816 Little River Rd

THE LITTLE RIVER ROAD RESORT IS 3,000 (M.O.L) SQUARE FEET OF PARADISE, WITH OVER 4 PRIVATE BEDROOMS, CONSISTING OF 8 TOTAL BEDS AND 2 BATHROOMS! THIS CONCRETE BLOCK RESORT SITS IN ONE OF THE MOST SOUGHT-AFTER AREAS IN TAMPA, FL! THE RESORT HAS BEEN UPDATED WITH ONLY THE FINEST FINISHES AND FIXTURES THROUGHOUT AND IS IN FANTASTIC CONDITION. THE PROPERTY WAS BUILT IN 2016 AND IS IN IMMACULATE CONDITION!

THE PROPERTY 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 $8,500 PER MONTH INITIALLY AND ONLY INCREASE OVER TIME! THE TENANT IS EXTREMELY STRONG AND HAS BEEN IN THIS BUSINESS FOR OVER 10 YEARS. THEY 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 6.2% & A CASHON-CASH RETURN OF OVER 9.8%. THIS ONLY GETS BETTER AS A BUYER CAN EASILY OBTAIN A CAP RATE OF OVER 7% AND A CASH-ON-CASH RETURN OF OVER 10% BY 2023! THE TENANT HAS INVESTED OVER $100,000 OF THEIR OWN PERSONAL 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 $102,000 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!

SELLER FINANCING APPROXIMATE TERMS:

DOWN PAYMENT: $600,000!

FIXED INTEREST RATE: 4.5%

INTEREST-ONLY PAYMENTS OR

AN AMORTIZATION OF 30-YEARS

BALLOON LENGTH: 5-YEARS

MONTHLY DEBT SERVICE AS LOW AS $3,562

AT CLOSING, THE TENANT WILL SIGN A BRAND NEW 5-YEAR NNN LEASE STARTING WITH MONTHLY PAYMENTS OF $8,500. THE LEASE PAYMENTS WILL INCREASE BY $500, EACH YEAR, ONLY IMPROVING THE RETURNS FOR THE BUYER! THE TENANT IS RESPONSIBLE FOR ALL EXPENSES AT THE PROPERTY EXCEPT TAXES AND PROPERTY INSURANCE. THIS IS A FANTASTIC HANDS-FREE INVESTMENT WITH AN EXTREMELY STRONG TENANT IN PLACE AT A ONE-OF-A-KIND PROPERTY IN TAMPA, FL!

THE RESORT SITS IN ONE OF THE MOST CENTRAL LOCATIONS IN THE TAMPA BAY AREA, WITH EASY ACCESS TO BEACHES, DOWNTOWN TAMPA, LOCAL ATTRACTIONS, AND MANY FABULOUS GOLF COURSES. THE PROPERTY IS WITHIN WALKING DISTANCE OF DINING OPTIONS, GROCERY STORES, SHOPPING MALLS, AND PLAZAS. A SHORT DRIVE TO WORLD-FAMOUS CLEARWATER BEACH JUST OVER THE COURTNEY CAMBELL CAUSEWAY!

EVERYTHING YOU SEE IS BRAND NEW! LED LIGHTING THROUGHOUT, LAVISH ITALIAN HIGH-GRADE DOUBLE-LAYER GRANITE. EVERY ROOM COMES WITH 8K SMART TVS FROM 40 INCH TO 80 INCH TVS THROUGHOUT WITH LEATHER RECLINERS. PLAYSTATION, BOSE SOUND SYSTEM, AND MORE!!

ADDITIONAL INCREDIBLE FEATURES INCLUDED AN OUTDOOR POOL, LARGE OUTDOOR SEATING AREA, BEAUTIFUL KITCHEN WITH THE BEST APPLIANCES, OUTDOOR GRILL, FIRE PIT IN THE BACK YARD, HOT TUB, PRIVATE DRIVEWAY INSIDE OF THE LARGE EXTERIOR GATE, WASH AND DRYER INSIDE THE RESORT, AND A FULL DESKTOP COMPUTER IN THE 4TH BEDROOM!

THE MASTER BEDROOM IS ABSOLUTELY FANTASTIC WITH AN 80-INCH SAMSUNG 8K SMART TV. A LUXURY MASTER BATHROOM WITH A GARDEN BATHTUB, WALK-IN SHOWER, DOUBLE SINK SEPARATE TOILET ROOM.

EACH BEDROOM IS OVER THE TOP DESIGNED IN ITS OWN UNIQUE WAY AND FURNISHED WITH DRESSERS, HANGERS, CLOSETS, AND EVERY OTHER IMAGINABLE AMENITY. SMART TVS HUNG IN ALL BEDROOMS. ALL OF THE FURNITURE IS BRAND NEW, TOP-OF-THE-LINE IMPRESSIVE LUXURY FURNITURE! This space offers accomodations for: lowrisegarden.