Property Description

Solid Concrete Block 4-plex minutes from the beach & Hard Rock Hotel. Fully occupied -- $5,050/mo gross rent with rents below market and all leases month-to-month. Unit mix: one 3BD/2BA (fully renovated) + three 2BD/1BA. Each unit has 2 private entries and a locked storage unit. Upper units have balconies; Unit 3 features a peek-a-boo ocean view. On-site coin laundry, rentable 1-car garage & 2 covered spaces add income streams. 2020 impact windows, storm shutters, new copper A/C lines, new retaining wall & irrigation well. Terrazzo floors in Units 1 & 2. Ideal for investor or owner-occupant -- live in the updated 3/2 while 3 rentals offset your costs. Unit 4 (3BD/2BA) is fully updated with all-new vinyl plank flooring and new bathrooms. Units 1 & 2 feature durable terrazzo floors -- a long-lasting, low-maintenance premium. Roof approx. 14 years old; new copper refrigerant lines recently installed. Seller currently pays water, laundry electric & gas. Tenants pay their own electric. Current insurance is a minimum plan -- buyer to verify and adjust coverage as needed. A/C units are older; copper lines recently replaced. Strong coastal rental demand makes this a rare find for the buy-and-hold investor or savvy house-hacker looking to let tenants cover the mortgage.