8580 W Gulf Blvd., Treasure Island, FL 33706

8580 W Gulf Blvd., Treasure Island, FL 33706
Photo 1 of 1
$435,000
Sold on 8/30/14
Beds Baths Sq. Ft. Taxes Built
6 5.00 5,390 $13,919 2008
On the market: 30 days
View full details, 15 photos, school info, and price history
BEACHFRONT INVESTMENT OPPORTUNITY – LAST CALL! Own and enjoy over $3M worth of high-end luxury living on the beach for a fraction of full cost of ownership with flexibility for personal use, solid property management and long term value creation. The last 1/8 share is being offered for a $235K cash down payment and a promissory note to the Partnership of $200K. Cash flow from rental operations normally covers the financing payments and operating expenses. Any cash flow gaps so far have been covered by working capital. Only one cash call for $5K in the past 6 years. No future cash calls are planned. Serious prospects will have access to the operating agreement, conditional statement, personal notes, company financials, sales contract, closing statement, etc. Benefits of ownership structure: Easy ownership transfers, dividend sharing, flexible personal use (3 weeks min. plus any last minute ad-hoc usage of unreserved days), simple and inexpensive closing and substantial tax savings upon sale of share by foreign investors. Call today for details of this unique investment opportunity. It won’t last long.
Listing courtesy of Hendrik Bisanz, ENGEL & VOELKERS TAMPA