Live, Rent or Vacation Here! Newly renovated Seacliff 4BR single level home plus large duplex of twin 3BR/2Bth units, located in the SADA Vacation Rental District. Fantastic price per SF with multiple occupancy and cash flow opportunities here, with house taking applications at $4500 per month. Generously sized units on large landscaped lot in quiet neighborhood of homes, walking distance to the beach. Rents are low, with duplex tenants in place for 5+years. House now vacant, undergoing renovation for new monthly or vacation rental (appears eligible under SADA mapping). Per Property Manager, Fair Market Rent for house is $4500 per month or $350 per night. Pro forma rents for the two duplex units are conservatively at $3200+$3400, for blended Pro Forma GSI or $137,760, indicating projected GRM of 13.2. This is a sleeper!
Individual Electric Meters, Public Utilities, Natural Gas
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