Hidden gem off the beaten path! There is nothing like this available! They aren't making them like this anymore! Tropical, Waterfront, 5 unit investment property with additional buildable residential lot nestled in the heart of the famous manatee filled, spring fed Weeki Wachee River. Here is your chance to own a rare and breathtaking piece of old Florida that is income producing. Bring your boat and enjoy direct access to the Gulf from your backyard. In the Gulf you can frolic with dolphins, go deep sea fishing and enjoy scalloping! This beautiful family style resort on the Weeki Wachee is only 1500 feet from Hospital Hole. There are 5 fully furnished and ready to rent suites here, legally zoned for hotel, restaurant and short term rentals. Two joined lots, the empty, buildable lot is zoned residential. This place is turnkey! Everything you need to be rent ready conveys with the property. Walk out of the rooms, jump into one of the many provided kayaks or canoes and be with the manatees in no time flat. Enjoy the outdoors at the waterside bar and fire pit! The current owner has been running it as a successful, family friendly short term rental for over a year and a half now. There is a lot of potential here for a small corporate retreat, or build a house on the empty lot and enjoy a multigenerational, income producing family home. At the current $130,000 NOI the cap rate is 7.4%. There is plenty of room for growth! Occupancy rate could easily be doubled. Owners are selling as they are excited about passing the torch and opening a new destination in Costa Rica.
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