901 Ocean Shr Blvd Flagler Beach, FL 32136

Property Details for 901 Ocean Shr Blvd

Year built

1986

Property size

5,068 SF

Property type

Residential income homes

Property subtype

Hospitality properties

Description

This exceptional five-unit multifamily property, located at 901 N Ocean Shore Boulevard in Flagler Beach, Florida, presents a lucrative investment opportunity. The 5,068 square foot building, constructed in 1986 and situated on a 5,009.4 square foot lot, boasts three stories and offers stunning unobstructed ocean views. Currently operating as a successful vacation rental with a strong reputation on Airbnb and VRBO, the property features four one-bedroom, one-bathroom units with full kitchens and sleeper sofas, accommodating up to four guests each. The expansive fifth unit, occupying the entire third floor and portions of the second, offers approximately 2000 square feet of living space, including two living areas, a pocket office, three bedrooms, two bathrooms, a large kitchen, private laundry, and sleeps ten or more. This unit also enjoys 180-degree ocean views from its two-story glass front and second-floor balcony. A large two-car garage provides additional rental potential or owner use. All five units have recently undergone updates, including kitchens, bathrooms, lighting, flooring, painting, and furnishings. A shared laundry facility is conveniently located on the first floor. The property benefits from its prime location in the heart of Flagler Beach's tourist district, close to numerous restaurants, shops, and attractions, including the Flagler Pier and Veterans Oceanfront Park. A dune walkover provides direct beach access. Ongoing local development projects, such as the new Margaritaville Hotel, are expected to further enhance the property's value and rental income. The asking price is $2,200,000.

Location Insight

City

Flagler Beach

County

Flagler

State

Florida

Longitude

-81.1306

Latitude

29.4868