OCEAN VIEW 5-PLEX
ID #:380936Presented By:
Property Details
Description:
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
Features
Property Features:
- Stove
- Refrigerator
- Washer
- Carpet
- Smoke Alarms
- Balcony
- Attached Parking
- Laundry Room
- Stylish
Lot Features:
- Corner Lot
- Lot: Level
- Oversized
- Sidewalks
- Street Lights
- City Lights View
- Ocean View
- Rooftops View
- Water View
Additional Features:
- Agent Commission Available
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License #201231773