Cudjoe Cottages | 21544 Overseas Hwy
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Cudjoe Cottages 21544 Overseas Hwy
15 Room Hotel Cudjoe Key, FL 33042 $19,900,891 CAD ($1,326,726 CAD/Room) 5.34% Cap Rate
Investment Highlights
- 20 Miles from Key West
Executive Summary
Great investment opportunity, transient use property, active vacation rental property, or redevelopment.
Located on Cudjoe Key, only 20 miles from Key West. Transient use property, over 3.5 acres, 15 units (15 ROGO exemptions) over 300 feet of water frontage, boat basin, 3 concrete docks, one wooden dock. Excellent rental history, shared coin laundry, 2 swimming pools. 2 parcels on US 1 are zoned Sub Urban Commercial, 3 private driveways. Property spans from US 1 to the Atlantic Ocean. Owner is licensed Realtor. Please do not walk on the property without an appointment. 31 bedrooms, 10 baths. There are 4 (3 bedroom/2 bath, single family homes), 8 (2 bedroom/one bath units), 3 (one bedroom/one bath units)
Located on Cudjoe Key, only 20 miles from Key West. Transient use property, over 3.5 acres, 15 units (15 ROGO exemptions) over 300 feet of water frontage, boat basin, 3 concrete docks, one wooden dock. Excellent rental history, shared coin laundry, 2 swimming pools. 2 parcels on US 1 are zoned Sub Urban Commercial, 3 private driveways. Property spans from US 1 to the Atlantic Ocean. Owner is licensed Realtor. Please do not walk on the property without an appointment. 31 bedrooms, 10 baths. There are 4 (3 bedroom/2 bath, single family homes), 8 (2 bedroom/one bath units), 3 (one bedroom/one bath units)
Property Facts
| Price | $19,900,891 CAD | Building Class | C |
| Price Per Room | $1,326,726 CAD | Lot Size | 3.50 AC |
| Sale Type | Investment | Building Size | 22,889 SF |
| Cap Rate | 5.34% | No. Rooms | 15 |
| Sale Conditions | Bulk/Portfolio Sale | No. Stories | 1 |
| Property Type | Hospitality | Year Built | 1972 |
| Property Subtype | Hotel | Corridor | Exterior |
| Price | $19,900,891 CAD |
| Price Per Room | $1,326,726 CAD |
| Sale Type | Investment |
| Cap Rate | 5.34% |
| Sale Conditions | Bulk/Portfolio Sale |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 3.50 AC |
| Building Size | 22,889 SF |
| No. Rooms | 15 |
| No. Stories | 1 |
| Year Built | 1972 |
| Corridor | Exterior |
Amenities
- Balcony
- Pool
- High Speed Internet Access
- Patio
- Public Access Wifi
- Smoke-Free
- Fully-Equipped Kitchen
- Multi-Room Suites
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $756,124 CAD | |
| Land Assessment | $3,553,220 CAD | Total Assessment | $4,309,344 CAD |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$3,553,220 CAD
Improvements Assessment
$756,124 CAD
Total Assessment
$4,309,344 CAD
zoning
| Zoning Code | Suburban Residential/Comm (Transient Use Property/Redevelopment) |
| Suburban Residential/Comm (Transient Use Property/Redevelopment) |
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Cudjoe Cottages | 21544 Overseas Hwy
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