8-unit multifamily just minutes from the beach. 1 Fully updated corner unit with impact windows/doors, and central AC. 4 large 1/1s and 4 standard 1/1s. Current income: $150,600/year, NOI: $97,208, cap rate: 4.99%. Pro forma income: $209,040, NOI: $155,649, cap rate: 6.49%. 3 units vacant and Airbnb-ready; the other 5 are on annual leases. Huge upside by converting corner units to short-term rentals—conservatively projected at $30K/unit annually. Turnkey investment with strong cash flow and Airbnb potential.
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Last Updated:Â . Source: BMLS
Provided By
Listing Agent: Emanuel Fleurantin (#276540661)
Listing Office: Woyce Realty Investments & Consulting Inc. (#276731405)
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