673 Bay Esplanade Ave. #105, Clearwater Beach, FL 33767

Unique Five Palms Motel unit. This is the combination of two rooms, creating a large townhouse that is a cash cow. Downstairs, all tile flooring, wet bar, sizeable kitchen and dinette. Upstairs, two beds/baths. One bath with washing machine and dryer. Upstairs unit has separate entry if desired, you could convert back to two units. Last year gross income 21,156 net income 17512.15. First six months of this year slightly better. Unit has advance bookings through early 2010. Owner pays for electricity $90.00 mo approx and local phn approx $30. month. There is a large deck out onto the water accessed from the living room that belongs to this unit. Docks are individually owned, none are deeded to this unit. The unit could use a little freshening, imiagine the income possibilities with new paint and carpet. This is a Fannie Mae owned property. The only financing for this condo-hotel is through Fannie Mae, ask your agent for details.