Amazing opportunity to purchase an income producing water front asset! 8 Apartment units are spread between 2 separate buildings. There are (5) 1 bed/1 bath units, plus (3) studio units that have all been recently upgraded with new paint, flooring, carpet, cabinets, appliances, and more. New roof in 2020, new well, and other recent major upgrades. Each unit has a full bathroom and private entrance. On site parking lot and individual electric meters allow for ease of management, plus recently upgraded and inspected private well and septic systems result in low utility costs. Value add opportunities exist with creating AirBnb STRs (highlighting the water front), on site laundry systems (room to install in maintenance areas), increasing to market rents (details in attached document, OM), and switching utilities into tenant's names. Currently, units are leased with several leases expiring in late 2023. Income projections are shown at full occupancy with market stabilized rents. Contact LA directly for offering memorandum showing detailed financials, property projections, and more. Buyer's agent to verify all information.
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Listing Agent: Kevin Johnston
Listing Office: Casablanca Real Estate Company, LLC