Awesome Seacliff Triplex with big units on large landscaped lot in quiet neighborhood of homes, walking distance to the beach. Rents are low, with all 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 $4800 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 12.7 and Cap Rate of 5.1%. This is a sleeper!
Individual Electric Meters, Public Utilities, Natural Gas
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