Description
This property presents an exceptional opportunity for use as a primary residence, rental investment, or a combination of both. Situated just a few blocks from the beach and popular dining spots, it is fully furnished and ready to generate income in the desirable Ocean Park area. Currently operating as a successful Airbnb, the property boasts the potential to generate over $120,000 in annual revenue (financials available upon request). Its prime location provides walking access to the beach, basketball courts, a running track, and more.
The property spans a 300 square meter lot and features 4 distinct units. The main house comprises 3 units, while a detached 1-bedroom apartment is located at the rear of the property.
• Unit 1 (1st floor): 3 bedrooms, 1 bathroom, living and dining area, kitchen, and balcony.
• Unit 2 (2nd floor): 2 bedrooms, 1 bathroom, living and dining area, kitchen, and an expansive open terrace.
• Unit 3 (2nd floor): 2 bedrooms, 1 bathroom, living and dining area, and kitchen.
• Unit 4: Detached 1-bedroom apartment with a bathroom and full kitchen.
Annual property taxes are $1,517, insurance is $980, and flood insurance is $3,048.38.
This versatile property offers an excellent return on investment with its proximity to amenities and potential for high rental income.
- Principal and Interest
- Property Tax
- HOA fee
- Private Mortgage Insurance
