Park Shore Boutique/Suites + St Pete Beach Suites
Two St Pete Beach Hotels - Turn Key
Marketing description
Turn key hospitality and multifamily offering. ALL block construction with impact rated windows and doors. Fully furnished hotel units, occupied long term units. Years of successful history as hospitality and multifamily with the potential of converting to all multifamily or all hospitality.
St. Pete Beach Suites offers a truly rare blend of investment performance and resort-inspired coastal lifestyle, featuring 30 professionally remodeled, turnkey accommodations constructed of durable block construction and enhanced with impact-rated windows and doors for long-term resilience. Centered around a beautifully curated resort-style pool and amenity courtyard that embodies the relaxed charm of Old Florida living, the property allows guests to enjoy an effortless beach lifestyle just steps from the sugar sand beaches and turquoise waters of the Gulf of Mexico.
Investment highlights
- COMPLETELY RENOVATED FROM HEAD TO TOE!
- Average gross income/door is $22,896.10/yr!
- Strong Cash Flow Asset: Over $250K NOI with room for operational refinement
- Revenue Upside: Significant variability in short-term rental income can be improved substantially
- Hybrid Income Strategy: Rare blend of hospitality + multifamily stability
- Prime Location: St. Pete Beach positioning supports continued demand and rate growth
- BLOCK construction
- Fully remodeled 12 unit multifamily building
- Fully furnished 7 unit hotel rooms
- Value add (laundry in unit or more laundry facilities, pet relief/play area, and private courtyards for hotel rooms)
- All good sized units that have been totally remodeled from head to toe
- Years of successful rental history
- All separately metered for electric
- LOW MAINTENANCE!
- Steps to the Beach
- 30 Turnkey Guest Suites
- Professionally Renovated Throughout
- Resort-Style Pool & Courtyard
- Block Construction
- Impact-Rated Windows & Doors
- Strong In-Place Cash Flow
- Boutique Lifestyle Hospitality Asset
- Highly Walkable Location
- Minimal Near-Term CapEx Requirements
- Exceptional ~40% NOI Margins
- Irreplaceable St. Pete Beach Offering
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