PRICE REDUCTION!!! So many possibiities! Conversion and Expansion Potential! This property is the ideal investment opportunity functioning as an upscale B&B, vacation home for a large family or guesthouse. The land is large enough to build additional apartments along with other amenities such as a swimming pool, sun deck and gazebo. A comparative analysis of existing properties indicates that the existing ten units could be rented for a minimum of $200 (depending on the size) /night or $480,000/year (based on an average five- night occupancy rate). The site is a designated R-3 zone which allows for Residential-Medium Density usage.
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