Property Type:
Commercial for Sale
Lot Size (sq. ft.):
11,326
Status:
Sold
Current Price:
$1,150,000
List Date:
12/06/2023
Last Modified:
10/13/2024
Description
This four-plex is a multi-family residential property consisting of four separate units. One of the unique features of this four-plex is that it comprises four two-story units, each offering three bedrooms and two bathrooms making it an ideal choice for families or individuals seeking spacious living spaces.
The layouts provide ample living space, making it comfortable for larger households or those who appreciate extra room for guests or home offices. Each unit is equipped with two full bathrooms, which adds convenience and versatility to daily living.
The four-plex is subdivided into individual units, ensuring privacy and autonomy for each resident or family. This design allows tenants to enjoy their own private space including ample backyards.
Supplements: Owner has been absentee and all current rents are below market.One unit is on a current lease. Three are month-to-month. Projected gross income based on market rent is $110,000.
All four units have been upgraded with many modern finishes and amenities, such as updated kitchens, contemporary fixtures, and comfortable living areas. Each unit is approximately 1,177 sq. ft. and has three bedrooms and two baths. The first floor features a living room/dining room combination, large kitchen with breakfast bar, one bedroom and a full bath. Two bedrooms, (one is a loft style) and full bath is located on the second level. Each unit has a covered front porch, a small back yard.
This unique property is situated in close proximity to important amenities such as schools, parks, shopping and beaches. The investor may choose the option to live in one unit and rent out the remaining three. Ideal for the investor seeking multiple rental properties as the four-plex affords tremendous advantages in terms of convenience.
Listing Office: RE/MAX Coastal Properties
Last Updated: October - 13 - 2024
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