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1st Floor - Unit 1-5
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Flex
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3,800 SF
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$1,550,000 USD
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Unit Size: 3,800 SF
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Condo Use: Flex
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Price: $1,550,000 USD
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Sale Type: Investment
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Price/SF: $407.89 USD
Description
This is a 5 plex multi-family with 2 units have (2) bedrooms and 1 bath and 2 units have (1) bedroom and 1 bath. There is also a studio in the back that has a queen bed and full bathroom.
Sale Notes
Open for seller financing options that allow the ability to bridge later to a cash out refinance DSCR loan. 10% down 5% interest only, 15% down 4% interest only, 20% down 3.5% interest only. NOI is $102K/YR. This is a lease with corporate tenant doing Airbnb arbitrage. They cover all expenses.. Corporate tenant is open to adjust the lease if new owner would like to do it themselves after the deal is closed. This investment is turn key revenue with tenant which manages and pays for everything. No vacancy, pays every month on time, no property mgmt required, no maintenance, no dealing with utilities, no head aches just easy cash flowing investment.
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