FOR SALE!!Lowest price per ft on the island, 1 block from the beach with water access this is a spacious, 4464+ sq ft duplex located on Anna Maria Island. With 7 beds, 4.5 baths, with water access, this luxurious property offers ample space and stunning views. Appraised at $4 million, this property includes an upgrade list with an estimated bid which can be included upon request which the Seller is willing to offer a $100k closing credit to kickstart your dream property with an accepted offer on or before 02/29/2024. This presents a prime investment opportunity for vacation rental income with the potential to earn $500-$800 per night per unit. The average occupancy rate for vacation rentals in Anna Maria Island is around 70-80% annually, making it a highly sought-after destination for travelers throughout the year. You even have the opportunity to convert back to single family the options are ENDLESS!!
Investment highlights are as follows-
Considering the property’s potential to earn $650 per night per unit and assuming an average occupancy rate of 75%, the potential gross income can be estimated as follows: Gross Income per Unit per Night: $650 Occupancy Rate: 75% Number of Units: 2 (since it’s a duplex) Gross Income per Night (Both Units): 2 * $650 = $1300 Gross Income per Year (Both Units): $1300 * 365 days = $474,500@100% occupancy rate
$355,875@75% occupancy rate