Description
Unprecedented opportunity to acquire a package of 50 units within a 154-unit complex. An ideal investment for those seeking remarkable cap rate potential or conversion/development. Nestled in a rapidly expanding area just a short walk away from the ocean. Current Airbnb operation yields an average of $25,000 annual gross income per unit. Additionally, option of leasing annually at $1,700 per month for stable returns. There are existing management groups on site available for easy transition. A maintenance fee of just $350/unit includes electric and water expense.. Unit sizes vary from 320 sq.ft to 475 sq.ft. Positioned on coveted 2.5 acres of land, this property holds exceptional potential as a future developer acquisition. Less than a mile from the beach.
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0BEDS
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N/AACRES
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0BATHS
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01/2 BATHS
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16,000SQFT
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$591$/SQFT
School Ratings & Info
Description
Unprecedented opportunity to acquire a package of 50 units within a 154-unit complex. An ideal investment for those seeking remarkable cap rate potential or conversion/development. Nestled in a rapidly expanding area just a short walk away from the ocean. Current Airbnb operation yields an average of $25,000 annual gross income per unit. Additionally, option of leasing annually at $1,700 per month for stable returns. There are existing management groups on site available for easy transition. A maintenance fee of just $350/unit includes electric and water expense.. Unit sizes vary from 320 sq.ft to 475 sq.ft. Positioned on coveted 2.5 acres of land, this property holds exceptional potential as a future developer acquisition. Less than a mile from the beach.
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