9-Unit Income Property in Frenchmans Bay
Not published
40 catalogue images. Media provenance, current condition and usage rights are confirmed before an introduction.
- Year built
- 1962
- Type
- Apartment
- Land
- 18,299 ft²
- Use
- Mixed use
- Lettable area
- 5,823 ft²
- Occupancy
- 89%
- Tenants
- 9
- Zoning
- R-1
What this listing includes
- Air conditioning
- Furnished
- Laundry
- Solar power
- Parking
The reason to consider it.
Investment opportunity: 9-unit income property with currently 8 units rented and 1 unit vacant. The property consists of 4x-1BR, 4x-2BR, and 1x-Studio units, most on month-to-month terms, allowing flexibility. All units include AC and appliances, and most are furnished. There is a coin-operated laundry facility on-site.
Utilities are separately (sub)metered for all units except the studio, and WAPA water is provided. The property features solar power with 86 panels and batteries, providing backup energy. Off-street parking is available.
This is a grandfathered multi-unit property offering strong value-add and cash-flow potential in a high-demand rental market. It also has great potential as a short-term rental property (Airbnb, etc.).
The location is excellent, just a 1-minute drive to Havensight. Property sold as-is.
The asking price is not what it costs.
More listings on the same island. Availability is confirmed when you enquire.
