Estimated 6%+ cap rate on two neighboring single family homes one block to the beach. House #1 is a 4BR/2BA 2030 sqft home split into a duplex. Side one is just about finished with a remodeling and side 2 is in the process of being remodeled. Will bring in $200 - $250 per night per side as a short term rental. New metal roof in 2018. New water heater 2023. Owned whole house solar system installed in 2019. New mini split AC system. New sewer drain line 2023. Mature mango and avocado trees. House #2 is a fully furnished, 3BR/1.5BA 1500 sqft house with a heated pool and is currently a short term rental. Whole house solar system installed July 2022. Photos are of original house #1 before renovation. No photos of house #2 posted here.
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.


