132 Hotel Ave, Edgewater, FL 32132

Under contract taking backups. Seven units on large parcel within 200â of the Intracoastal. Currently operated as â55+ communityâ, the complex is fully rented to long term tenants with no leases. Intracoastal views from some units. Two separate buildings (Units 1-4 in fourplex & Units 5-7 in triplex). Tenants pay electric. Owner supplies basic cable, internet, water & gas (for water heater. Each of the units in the 4 plex have central heat & air. The triplex units have window a/c only. Roofs on both buildings replaced in 2012. Units 1, 2 3 & 7 are 2/1. Units 4, 5 & 6 are 1/1. Washer & dryer are leased & maintained by company who shares collection 50/50. There are 8 electric meters, 1 gas meter, 1 water meter. In addition to appx 118â of street frontage, thereâs rear access from platted street on SW side of property. Great location just 3 short blocks to Menard Park (launch your paddle boards & kayaks) & a few more to the boat launch at Park Avenue. Please see separate attachment for specific rental rates.