Located on a larger corner lot walking distance to the beach - one block South of Rose Ave. and two blocks east of Main St. The property features lots of outdoor space with a large community courtyard and has achieved 95%+ rent collections throughout the pandemic. The almost 12,000 sq. ft. two-story building is comprised of (1) three-bedroom and one-bath townhouse, (1) two-bedroom and one-bath townhouse, (2) three-bedroom and two-bath units, (9) two-bedroom and one-bath units and (2) one-bedroom and one-bath units. 7 out of 15 units have been remodeled to include quartz countertops, stainless steel Frigidaire appliances, soft-close custom cabinets, LED lighting package, copper plumbing, and a custom black window package. Additionally, 354 4th Avenue features secured entry and approximately 24 covered parking spaces. Remodeled units are achieving market rents, which present a significant value-add opportunity to investors, as current rents are approximately 33% below market value.
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.
