Key Investment Insights
1. Stunning beachfront high rise apartment with ocean views
2. Local tourism is booming, providing potential for increased net profit
3. Supervisory agreement for caretaking duties allows for a hands-off management approach
4. Well-established systems in place with long-term staff and contractors provide stability
5. Consistent high performer with high occupancy rates and happy return guests
6. Large separate office/reception area included on title
7. No set office hours and not required to live on site
8. Central location near attractions, shopping, and restaurants
9. Net profit of over $490,000
10. Managers unit valued at $850,000
11. Complex consists of 78 units with 31 units in the letting pool
12. Agreement term remaining for 19 years
13. On-site amenities include a pool, sauna, gym, tennis court, and BBQ area.
Management Rights Multiplier: 5.50
ROI Estimate: 18.18%