Property description of Hotel/Motel - Atlantic Terrace

7 apartments of the 11 total are available for purchase in this beautiful 4 story condominium located directly on the sand. The 7 (full kitchens and fully furnished) were purchased as a family retreat 16 years ago. You must come and experience the tranquility of the property to appreciate what it has to offer – spectacular views, heated pool, private beach area, convenient parking, elevator, 2 laundry rooms… per the recently completed structural integrity reserve study the property is well maintained plus it has a new roof, pool heater / pump and standpipe fire system. The condo association monthly fee is only $650 per apartment, and there is $20,000 in the reserve fund. The other 4 owners are out of state and seldom use their apartment. Per the association’s condo attorney, owning 51% of the apartments provides the opportunity to replace board members and thereby have

Property Features