The units are individually owned under a Condominium form of ownership. Upon the closing of the purchase, the new owners would collapse the condominium and operate it either as a hotel or as a short term rental asset. Short term rentals are allowed under the current zoning. They are currently prohibited by the Condo Bylaws. The zoning allows for many uses, retail, hospitality, apartments, and hotel are the uses allowed “as of right” per the current zoning. The property was built in 1960 and is considered historical as It is a Mid-Modern architecture. The zoning allows for up to 5 stories but the façade of the building would have to be restored as is. Current rent troll is not relevant since there are elderly homeowners that own their property out right.

Area 42 Building Name Golden Dreams Condominium Street Number Numeric 65 Zoning CPS-1

Acreage Description 1/4+ To 1/2 Acre Approximate Lot Size 13000 Column Description Unknown Door Height Door Ht 0-8' Improvement Height COM Other Improvement Height Number of Stories 2 Waterfront Property no

 

Anthony Giuffrida - La Rosa Realty.
PLEASE CONTACT: info@floridamultifamilyforsale.com

A10475827