EXCITING ASSET-first time to market in 25 years for this vintage jewel.
2 building structures with classic hardwood floors and central AC throughout. 12 units in TOTAL-4 studio & 8 one bedroom. 11 units are corners. 8 units have been remodeled. extremely attractive pro forma CAP rate at about 5%.
40 year recertification COMPLETED.
meticulously maintained by same owner operator, this building runs smooth as silk. 4 blocks from the beach-close to interstate access-1 block from city park-walk to restaurants and stores-very clean & very quiet single family neighborhood.
ALL long term leases-ALL high credit score tenants-ALL criminal and financial background checks.
building access secured by keypad entry. laundry facility on site. parking area in front of the building. thank you.