217 Casey Key Rd Nokomis, FL 34275

Live on the beach for free! A rare opportunity directly on the Gulf of Mexico One of the few properties available fully licensed with motel/hotel zoning. Russell's Retreat has 4 turnkey furnished units that each have one bedroom, one bathroom, living room and kitchen. This is a well established complex with many guest bookings year after year. 2015 showed 90 to 92% occupancy. Current gross income is $220,400 and $155,600 net income. A piece of paradise. It is within walking distance to world class fishing, restaurants, parks and beaches. Updates include: 2014: new electric panel, new septic system, new plumbing in all 4 units and laundry room, new flooring in all 4 units 2013; new kitchens new bathrooms, 2012: new drywall within the last 5 years replaced central air conditioners and hot water heaters. Usually occupied-DO NOT TALK TO THE TENANTS.