This property has over a year of great reviews and incredible cashflow for you to take over. Not just one but TWO units! Rent one, keep the other for your private Island getaways or rent both and double your income. All new plumbing, updated electrical, brand spanking new windows and renovated upstairs bathroom – over $20k in updates this past year. All you need to do is paint the exterior and add an upper deck for an outstanding ocean view.
Property is just a few feet from Saltgrass Steak house, Dennys, Bennos and blocks from Pleasure Pier. Guests rave about the location and fun, beach decor. And the lower unit is being sold fully furnished so you can just take over the existing reservations.
Financing: $80k down, ~$850/month wrap note, balance of ~$135k, email for full details
Repairs: Siding repairs & exterior paint, add an upper deck over the porch
3/17- 12/2017 NOI: ~$38k
That was with the lower 2-1 being a short-term vacation rental and the upper 2-1 being a long-term tenant – make both vacation rentals and increase your income by 40%!
CALL 409-209-2747 to schedule an appointment to view. Email email@example.com for full financials & disclosures.
Non-refundable $2500 earnest funds required. This property is being sold directly by the owner, no assignment fees!