6490 S Us Highway 1
6490 S Us Highway 1 Port St. Lucie, Florida 34952 United States

$1,950,000
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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.

Source : MFRMLS DBA Stellar MLS

Listing Courtesy of EXP REALTY LLC

IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS. The MLS may, at its discretion, require use of other disclaimers as necessary to protect participants and/or the MLS from liability.

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Listing Courtesy of EXP REALTY LLC
$1,950,000
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5,826 Sq Ft.
Interior
.49 Acres
Exterior
Commercial
Property type
1957
Year Built
O6178100
Web Id
O6178100
MLS ID
WHITE CITY GARDENS UNREC
Subdivision
St. Lucie County
School District
17
days ago

features

cooling
Central Air

PROPERTY INFORMATION

Cooling
Central Air, Wall/Window Unit(s)

EXTERIOR

Construction
Block
Listing Courtesy of EXP REALTY LLC
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Listing Courtesy of EXP REALTY LLC
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