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Monthly Estimate*
$ 13,621
The Rainbow Motel features 13 units available as weekly rentals. One of the units is a full 2 bedroom apartment and the other 12 units are efficiencies. This property brought in a total net operating income of $225,000 for 2023 making this nearly a 12 cap how it currently sits with actual documented financials. Since the current owner purchased the property they have done major upgrades. A majority of the units have been completely upgraded including flooring, kitchens, paint, and bathrooms. This Motel offers many amenities which include in-room refrigerator, microwave, guest laundry, and ADA accessible rooms. Sited in close proximity to the beaches, golf clubs, shopping centers and restaurants this is an incredible investment.
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6490 S Us Highway 1, PORT SAINT LUCIE, FL, 34952 is a Commercial Property for sale at $1,950,000 with 4,882 sqft and a lot size of 0.49. 6490 S Us Highway 1 is a studio with 0.0 baths and was built in 1957. The property's zip code is 34952 which is in PORT SAINT LUCIE, FL
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