3770 County Line Road, Tequesta, FL 33469

$15,000,000
Sold Price
$15,000,000
List Price
$15,995,000

Property Description

RARE opportunity to own a sixteen (16) unit multifamily complex in the heart of Tequesta, FL. Built in 2017, Bella Villaggio consists of sixteen separately deeded townhouses featuring three separate buildings (A, B, and C). Buildings A and B (10 total units) feature 4BR, 3BA units with approximately 2,200 Living SF each. Building C (6 units) features 3 BR, 2.5BA units with approximately 1,700 Living SF each. Every unit has Hurricane Impact windows & doors, natural gas, a roof top deck, two car garage, and a metal roof (50+ year life). The community also features a community pool and is located less than two miles from the ocean and is just north of the Jupiter Inlet. Bella Villaggio currently has nine annual leases in place with seven units being operated as vacation rentals. Tequesta has no restrictions against vacation rentals so this property provides investors the opportunity to continue utilizing ABNB & VRBO or can be easily converted to 100% long term leases. Each unit in the complex is separately deeded as a condo, which provides the ability to liquidate a portion of the units while still controlling the condo association. Tequesta, FL is located in Northern Palm Beach County and has a population of approximately 35,700 within a three mile radius of the subject property as of 2022 with a median household income of $90,000+. Tequesta, FL is one town north of Jupiter, FL which is home to some of the world's most famous golfers and PGA pros whom reside in affluent communities such as The Bear's Club, Admiral's Cove, Frenchman's Creek, Frenchman's Reserve, PGA National, and more. Full financials available upon request.

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Listing courtesy of Coldwell Banker Hometown Real Estate. Contact:

Selling Office: Compass Florida, LLC..

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Agent: Sean Mooney | Email: seanrmooney1@gmail.com