Great Nye Beach apartment building with many recent upgrades and lots of upside potential. Rents are low for area and due to increase. Cap rate 7%. Always 100% occupied.
4- 2 bedroom/ 1 bath units 1- 3 bedroom/ 1 bath unit 2 New Coin operated washing machines (+/- $150 mo.) New siding, windows, doors, paint, decks, and all dry rot repaired in 2012. 8 year old roof Gross rents $3050.00 mo. Low vacancy factor GREAT ocean views Two blocks to the ocean Two blocks to Hwy. 101 Plenty of off street parking Do not disturb tenants
City Lights View
Agent Commission Available
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