Seller Offering $5,000 in Closing Help! You couldn't find a better custom built home near the ocean for such diverse uses! Currently gets up to $3,350+ per month in rental income, or vacation rental at $95 per night; this is a great investment opportunity for the savvy business person. For investors, a possible GRM of 11.7 and 8% Cap Rate! Remodeled so no current maintenance. $200/mo utilities, owner-paid; $1530/yr prop taxes; Insurance $350/yr. This home has 3 separate entrances. The first ground level unit is a 2 bedroom, 1 bath, kitchen & living room, with beautiful outdoor garden shower and a wonderful outdoor lounge. Generates $1,200/month rent. The second "cottage" unit has 1 bedroom, 1 bath, kitchenette, with 3 separate double sliding glass doors to 3 beautiful patios with ocean views. Generates $850/month rent. The upstairs unit has 1 bedroom, 1 bath, full kitchen, full dining and living room, with 2 ocean view lookout lanais and jacuzzi tub. Large plate glass windows surround from the living & dining rooms with the best ocean views of all three units. Generates $1,300/month rent. Furnishings incl. w/full price offer. Downstairs units wheelchair accessible.
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.
