Key Investment Insights
AI generated. Confirm details with the seller.
1. Strong profitability, reported net profit $180,431, plus reliable annual Body Corporate salary $125,024, supporting solid owner earnings.
2. Attractive valuation signal, marketed as sub 3.7 times multiple, indicating potential upside for buyers relative to earnings.
3. Prime beachfront location, positioned steps from Miami Beach with easy access to cafes, schools and local amenities, enhancing attraction for guests and residents.
4. Low-complexity operation, currently solo-operator run with simple mix of short-term and permanent lettings, enabling single-person management.
5. Long-term income security, Accommodation Module agreement in place with 18 years remaining.
6. Small letting pool of 9 units within a 65-unit resort complex, providing consistent bookings without heavy management demand.
7. Manageable caretaking duties, mostly garden upkeep, mowing, pool cleaning and common-area tidying, no large trades or team required.
8. Manager facilities and flexibility, tidy 2-bedroom, 2-bathroom managers apartment on title valued at $1,075,000 with secure undercover car space, office on title, and no set office hours.
9. Operational support infrastructure, onsite large linen room and secure storage/workshop area included for manager use.
10. Complex composition supportive of revenue, 43 owner-occupy units, 13 outside agent units and 56 lockup units, indicating stable resident mix and ancillary income opportunities.
Management Rights Multiplier: 3.60
ROI Estimate: 10.46%