Status: Active featured ID: 2742 Steps to beach 4 units, 2 duplexes on 3 lots - $55,000 per year income!

Max. Swap Value:
Swap For Location(s):
California, Oregon

Will swap for:

Multifamily or Commercial
Residential
Transportation

open to all offers in CA or OR, can take a luxury car as trade in or down payment, can swap for a residential property of lesser value, or commercial / multifamily of any value.

Swap Type:

I can add other assets
I will offer owner financing

Trade Description: ASSUMABLE $240K 23 YEAR PRIVATE LOAN AT 5% FIXED RATE: Only 300 yards to the beach, four 2BR 1BA units currently used as rentals. 14,000 sq ft property is commercially zoned, so the possibilities are endless. Each unit is 775 sq ft, 2/1. 2 units are furnished and rented short term at $1,200/mo for 8 months and about $2,000 per month in the summer per unit, so $17,600 per unit per year. The other 2 are rented at $800-$900 per month, about $10,000 per year per unit, so $55,000 total per year income! All units completely renovated, with all newer appliances and 2 new AC systems. Close to $70,000 per year income potential if all units converted to furnished vacation rentals. Our fully functional vacation rentals website can be negotiated in the sale: www.VacationRentalsFlorida.us
We currently have 98% occupancy because Flagler College and University of St Augustine are expanding and it only takes a few weeks to find a new tenant with just a sign on the street.

All units are on separate meters, CHA's, W/D hookups, with private porches in the back.

Current taxes are 8,500 per year, insurance including hurricane is $2,600 for both buildings.

Current private mortgage can possibly be assumed.
Zoned multifamily and commercial

Two websites are included that will generate short term and long term rental leads.
Well positioned in search engines, and "seasoned" website www.VacationRentalsFlorida.us is included in the sale, plus www.asrreet.us -- a long term rentals webpage.

Annual total costs for both buildings:
Hurricane insurance $2,200
Taxes: $8,000
no association fees