Price Reduced 17.95%

$1,600,000

Est. Mortgage $8,302/mo *

Quick Pre-Approval

Virtual Tour Brochure

Call Text Schedule Tour Request More Information

Price History

$1,950,000
2/11/2024

$1,600,000
5/22/2024

6490 S Us Highway 1, Port Saint Lucie, FL, 34952

6490 S Us Highway 1, Port Saint Lucie, FL, 34952
View larger map Directions

1957

4,882 sqft

The Rainbow Motel features 13 units available as weekly rentals. One of the units is a full 2 bedroom apartment and the other 12 units are efficiencies. This property brought in a total net operating income of $225,000 for 2023 making this nearly a 12 cap how it currently sits with actual documented financials. Since the current owner purchased the property they have done major upgrades. A majority of the units have been completely upgraded including flooring, kitchens, paint, and bathrooms. This Motel offers many amenities which include in-room refrigerator, microwave, guest laundry, and ADA accessible rooms. Sited in close proximity to the beaches, golf clubs, shopping centers and restaurants this is an incredible investment.

Status:

Active

Type:

Commercial

Complex:

WHITE CITY GARDENS UNREC

Cooling:

Central Air, Wall/Window Unit(s)

Acreage:

0.49

Est. Taxes:

$18,628

Construction

Block

Days on Market:

101

MLS #:

O6178100

Community Info

School Info

Walk Score

Yelp

Similar Properties

$1,500,000

8031 Summerlin, Fort Myers, FL, 33907

$1,639,650

800 N Federal Hwy, #905, Hallandale Beach, FL, 33009

$1,499,999

5,520 sqft

3802 Oleander Avenue, Fort Pierce, FL, 34982

$1,500,000

7,320 sqft

2081 Alicia ST, Fort Myers, FL, 33901

$1,700,000

1,950 sqft

3239 S Us Highway 1, Fort Pierce, FL, 34982

Price Reduced!

$1,600,000

3,599 sqft

1104 17-92 HIGHWAY W, Haines City, FL, 33844

Price Reduced!

$1,500,000

1118 NW 31st Ave, Fort Lauderdale, FL, 33311

$1,599,000

1040 E 29th St, Hialeah, FL, 33013

$1,686,000

800 N Federal Hwy, #903, Hallandale Beach, FL, 33009

$1,450,000

1006 E HALLANDALE BEACH BLVD, #4-206, Hallandale Beach, FL, 33009

$1,750,000

0 NURSERY Boulevard, Glen St. Mary, FL, 32040

$1,600,000

4,800 sqft

301 Us Highway 17 92 N, Haines City, FL, 33844

$1,499,999

5,520 sqft

3802 Oleander AVENUE, Fort Pierce, FL, 34982

Price Reduced!

$1,490,000

1,665 sqft

904 E Hinson AVENUE, Haines City, FL, 33844

$1,500,000

2,500 sqft

10017 Alafia STREET, Gibsonton, FL, 33534

$1,495,000

2,770 sqft

1021 N Victoria Park Road, Fort Lauderdale, FL, 33304

New or Coming Soon Properties

$1,595,000

550 NW 30th St, Miami, FL, 33127

New Listing!

$1,450,000

5,940 sqft

4740 Sr-64, Bradenton, FL, 34208

New Listing!

$1,600,000

5,608 sqft

207 Cross STREET, Punta Gorda, FL, 33950

New Listing!

$1,499,999

1,436 sqft

5105 Lunn ROAD, Lakeland, FL, 33811

New Listing!

$1,725,000

7,561 sqft

8361 Stone Run COURT, Tampa, FL, 33615

New Listing!

$1,695,000

5,880 sqft

4063 Herbertz Road, Lake Worth, FL, 33461

New Listing!

$1,500,000

Miami Gardens, FL, 33054

New Listing!

$1,500,000

720 SW 6th Ave, Homestead, FL, 33030

$1,595,000

7318 SW 48th St, Miami, FL, 33155

New Listing!

$1,595,000

3,794 sqft

4629 Land O Lakes BOULEVARD, Land O Lakes, FL, 34639

New Listing!

$1,595,888

3,875 sqft

4455 NE Palmetto Drive, Jensen Beach, FL, 34957

New Listing!

$1,500,000

7811 W Sample Rd, Coral Springs, FL, 33065

New Listing!

$1,500,000

834 NW 10th Ter, Fort Lauderdale, FL, 33311

New Listing!

$1,500,000

3,600 sqft

1505 N Fort Harrison AVENUE, Clearwater, FL, 33755

New Listing!

$1,500,000

1401 SW 17th Ave, Miami, FL, 33145

New Listing!

$1,595,000

12,590 sqft

5351 SW 16th Avenue Avenue SW, Okeechobee, FL, 34974


Listing courtesy of EXP Realty Phone: 888-883-8509