201 Inlet Way, Palm Beach Shores, FL 33404

$4,595,000

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List Price
$4,595,000
Price Change
▲ $100,000 1784522487
MLS#
F10552347
Status
ACTIVE
Type
Commercial

Property Description

Hotel License in place. Prime 10-Unit Beachside MultifamilyOffered for sale is La Doral, a rare 10-unit multifamily asset located in the heart of Palm Beach Shores on Singer Island, just steps from the Atlantic Ocean, Palm Beach Inlet, and Sailfish Marina.The property consists of eight one-bedroom/one-bath units and two two-bedroom/one-and-one-half-bath units.Constructed of CBS, the building features impact windows throughout and a concrete roof with a recently installed silicone coating system.Currently operated as a stabilized annual rental with long-term month-to-month tenants. A hotel license is in place.Units are separately metered for water and electric, and the property includes 17 on-site parking spaces.Offering memorandum and detailed financials available upon request.

Additional Information

Days on Market
206
Water Access
Fixtures, Furniture/Fixtures
Parcel Number
54434227040000090
Lot Size
9,526
Directions
From Blue Heron Blvd, head east over the bridge to Singer Island. Turn right onto Lake Drive and continue as Lake Drive becomes Inlet Way. Property is located on the right at 201 Inlet Way.
Address
201 Inlet Way, Palm Beach Shores
Section
27

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Listing Courtesy of Better Homes & Gdns RE Fla 1st, Contact: