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: 5.38%. One unit is vacant and Airbnb-ready; the other… Read More 7 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. Read Less
Courtesy of Emanuel Fleurantin, Woyce Realty Investments & Consulting Inc. 561-599-3790
Listing Snapshot
Days Online
38
Last Updated
Property Type
MultiFamily (5+ Units)
Square Ft.
4,540
Year Built
1950
MLS Number
RX-11084283
30 Days Snapshot Of 33405
$3.04M
+72%
(avg) sold price
16
-54%
homes sold
93
-27%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
4,540 total building square feet, Built in 1950, 1 story, 8 units in build, Square footage source: SimpleTemplate, Smoke Detector, Resident. Multi-Fam.
Cooling
Ceiling Fan, Central, Electric
Floors
Tile, Vinyl Floor
Heating
Central
Lot
0 acres
Miscellaneous
Cable, Electric, Cash
Property
Property type: E, Zoning: MF20(c, Waterfront: No
Roof
Comp Shingle
Taxes
Real estate taxes: $41,319, Year: 2024
Utilities
Electric, Municipal Water
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