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Cudjoe Cottages 21544 Overseas Hwy 15 Room Hotel Cudjoe Key, FL 33042 $12,999,999 ($866,667/Room) 4.15% Cap Rate
INVESTMENT HIGHLIGHTS
- 20 Miles from Key West
EXECUTIVE SUMMARY
Great investment opportunity, transient use property, active vacation rental property, or redevelopment.
Located on Cudjoe Key, only 20 miles from Key West. Transient use property, over 3.5 acres, 15 units (15 ROGO exemptions) over 300 feet of water frontage, boat basin, 3 concrete docks, one wooden dock. Excellent rental history, shared coin laundry, 2 swimming pools. 2 parcels on US 1 are zoned Sub Urban Commercial, 3 private driveways. Property spans from US 1 to the Atlantic Ocean. Owner is licensed Realtor. Please do not walk on the property without an appointment. 31 bedrooms, 10 baths. There are 4 (3 bedroom/2 bath, single family homes), 8 (2 bedroom/one bath units), 3 (one bedroom/one bath units)
Located on Cudjoe Key, only 20 miles from Key West. Transient use property, over 3.5 acres, 15 units (15 ROGO exemptions) over 300 feet of water frontage, boat basin, 3 concrete docks, one wooden dock. Excellent rental history, shared coin laundry, 2 swimming pools. 2 parcels on US 1 are zoned Sub Urban Commercial, 3 private driveways. Property spans from US 1 to the Atlantic Ocean. Owner is licensed Realtor. Please do not walk on the property without an appointment. 31 bedrooms, 10 baths. There are 4 (3 bedroom/2 bath, single family homes), 8 (2 bedroom/one bath units), 3 (one bedroom/one bath units)
PROPERTY FACTS
| Price | $12,999,999 | Lot Size | 3.61 AC |
| Price Per Room | $866,667 | Building Size | 22,889 SF |
| Sale Type | Investment | No. Rooms | 15 |
| Cap Rate | 4.15% | No. Stories | 1 |
| Sale Condition | Bulk/Portfolio Sale | Year Built | 1972 |
| Property Type | Hospitality | Parking Ratio | 2.94/1,000 SF |
| Property Subtype | Hotel | Corridor | Exterior |
| Building Class | C | ||
| Zoning | Suburban Residential/Comm - Transient Use Property/Redevelopment | ||
| Price | $12,999,999 |
| Price Per Room | $866,667 |
| Sale Type | Investment |
| Cap Rate | 4.15% |
| Sale Condition | Bulk/Portfolio Sale |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 3.61 AC |
| Building Size | 22,889 SF |
| No. Rooms | 15 |
| No. Stories | 1 |
| Year Built | 1972 |
| Parking Ratio | 2.94/1,000 SF |
| Corridor | Exterior |
| Zoning | Suburban Residential/Comm - Transient Use Property/Redevelopment |
AMENITIES
- Balcony
- Pool
- High Speed Internet Access
- Patio
- Beach (direct access)
- Public Access Wifi
- Smoke-Free
- Fully-Equipped Kitchen
- Multi-Room Suites
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $589,997 | |
| Land Assessment | $1,855,795 | Total Assessment | $2,445,792 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$1,855,795
Improvements Assessment
$589,997
Total Assessment
$2,445,792
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Cudjoe Cottages | 21544 Overseas Hwy
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