Listed by Marcus & Millichap - RPH Multifamily Group
$3,600,000
Sunset Beach Apartment Suites
Details
Property Type Multifamily, Hospitality
Sub Type Apartment Building, Motel
Square Footage 5,800
Units 10
Cap Rate 8.67%
NOI $312,087
Pro-Forma Cap Rate 9.31%
Pro-Forma NOI $335,286
Class B
Year Built 1969
Year Renovated 2025
Buildings 1
Stories 2
Acreage 0.300
Zoning C-3
10 Short-Term Rental Units in Madeira Beach
Marketing description
OFFERING MEMORANDUM AND FINANCIALS AVAILABLE VIA ‘Due Diligence’ BUTTON.
Please reach out to Zach Brown ([email protected]) to discuss the deal.
Investment highlights
- Recently upgraded, fully furnished short-term rental property offering immediate cash flow with minimal capital expenditure required
- Situated in the heart of Madeira Beach along highly trafficked Gulf Blvd, providing direct proximity to beaches, tourism demand drivers, and year-round visitation
- Comprised of 10 units including nine one-bedroom/one-bathroom and one two-bedroom/one-bathroom, catering to a wide range of short-term rental guests
- Adjacent public beach parking lot included with the sale that generates consistent supplemental income, enhancing performance beyond nightly rentals
- Located near John’s Pass Village & Boardwalk, a premier Gulf Coast attraction featuring 100+ shops, restaurants, bars, and water activities attracting significant daily foot traffic
- Immediate access to waterfront dining, beach bars, dolphin cruises, fishing charters, and live entertainment venues that drive high occupancy and premium nightly rates
- Limited supply of modern short-term rental product in a constrained barrier island market supports long-term appreciation and pricing power
- Madeira Beach continues to experience continued growth with major projects including the New Marriott Tribute Portfolio hotel planned at John’s Pass and the luxury Beachmaker condo-hotel offering 161 units with resort-style amenities
- Ongoing improvements in Madeira Beach further support tourism growth such as the John’s Pass dredging project which will improve marina access and boating traffic
Listing Contacts
Listed by Marcus & Millichap - RPH Multifamily Group
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$312,087.00
$26,007.25/mo
Valuation Metrics
0
DSCR
8.67%
Cap Rate
8.67%
ROI
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