If location is truly the key to real estate, then it doesn't get much better than this! Literally steps from the beach this is a 2 story multifamily duplex, each unit is 2 bedroom and 1 bathroom. This unit can be rented on a yearly lease, or even as a vacation rental weekly or monthly, for an unbelievable return. Solid block build, this property last sold in 2004 for $450k. Interior pictures are coming soon, but it may be under contract by then! Get a hold of me today to check this one out, the last multifamily we had this close to the water sold in a few hours. For Holding/Renting: Sale Price: $279,000 Est. Repairs: $8,000 Estimated Rent: $800/wk. Net Operating Income (after taxes/ins and assuming a 25% vacanty rate,): $62,400 Cap Rate: 21.6%
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.
