8-unit multifamily just minutes from the beach. 1 Fully updated corner unit with impact windows/doors, and central AC. 4 large 1/1s and 4 standard 1/1s. Current income: $150,600/year, NOI: $97,208, cap rate: 4.99%. Pro forma income: $209,040, NOI: $155,649, cap rate: 5.38%. One unit is vacant and Airbnb-ready; the other 7 are on annual leases. Huge upside by converting corner units to short-term rentals--conservatively projected at $30K/unit annually. Turnkey investment with strong cash flow and Airbnb potential.
lease term
Long Term0.23 Private Acres Exterior Space
Commercial
$41,319 Annual Tax
Built in 1950
MLS/Listing ID RX-11084283
1 Stories
Shingle
Composition
Cooling - Electric
Tile
Vinyl
Listing Courtesy of WOYCE REALTY INVESTMENTS & CONSULTING INC., EMANUEL FLEURANTIN - 561-332-5684
Source of Data: BEACHESMLS