Photo 1 of 1
$112,900
Sold on 9/27/19
Beds |
Baths |
Sq. Ft. |
Taxes |
Built |
3 |
2.00 |
0 |
|
1950 |
On the market:
367 days
|
View full details, 15 photos, school info, and price history
REDUCED - Attention investors - approximately 14% ROI annually. This property is zoned for commercial use, but is currently being used as a residential income duplex. Front unit has 2 bedrooms, 1 bath, and a kitchen/living area. The back unit has 1 bedroom, 1 bath, large living area, and a kitchen. Both units are currently rented (both leases expire 09/30/19) for a combined gross monthly/annual income of $1,850.00/$22,200.00. Both units are in need of updating, BUT have a very strong rental history as they appear today. This property has two separate driveways for parking on the east side of the property along with a large parking area on the west side of the property which can be accessed via Edwards Street. In addition, if used as a commercial property, there are many business classifications that are compatible with the zoning requirements. There are several usage choices with this property: residential income, convert to commercial office space for commercial income, or used as a primary residence or commercial space.
Listing courtesy of Jim Myers, OCEAN PROPERTIES & MANAGEMENT