Description
Investment Opportunity, multifamily, AirBNB, Motel. 16 units (14 studios, 2 one bedrooms) + bonus. (4 shell condition studios with plumbing).
Renovated, impact windows, new roof, etc.
Minimum potencial income as Multifamily:
14 studios $1,300 month = $218,400 YEAR / 2 one bedrooms $1,500 month = $36,000 YEAR.
Minus expenses: $35,000 YEAR.
Total NOI: $219,400 YEAR. Equal 11.2% Cap. Rate.
Location
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Listing Office: RE/MAX Advance Realty
