23-Unit Hospitality Investment prooerty located in Fort Pierce sells for $2,100,000

The Fountains Hotel features 23 efficiencies and suites that currently bringing in a net operating income of $240,000 a year. Site features renovated units and amenities such as a pool, hot tub, grill, conference center, breakfast room, on-site laundry facilities, gym, and professional center. Convenient driving distance to the beaches, golf, shopping and restaurants. Property has potential to be converted into an assisted living facility or rehabilitation center. Capital improvements include a new water treatment system installed in 2021 plus the construction of a new rental suite structure. The sale was executed by Sales & Listing Agent Conor Makin.