Overview
- 8 Bedrooms
- 6 Bathrooms
- 4,356 ft
- Year Built: 1976
Description
π₯CASH-FLOWING QUADPLEX – STR PERMITTED WITH NO HOAπ₯
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Purchase Price: $2,240,000 (Includes Entry Fee)
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Entry Fee: $340,000 (Cash to seller + Assignment)
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Seller Carry: $1,900,000
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Interest Only Year 1: $7,125/mo (4.5%)
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Interest Only Year 2-5: $8,500/mo (5.4%)
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Balloon: 5 years
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Balloon Payment: $1,900,000
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2 units come furnished
Current Income Outlook:
Unit 1: LTR – $2,050/mo lease expires in March 2025
Unit 2: LT Lease Expires May 5th, 2024 (can be converted to STR)
Unit 3: STR – 88% booked/deposit through end of July ($230/night average)
Unit 4: STR – 97% booked/deposit through end of July ($230/night average)
π°Income Potential
Year 1: $168,000 revenue (1 LTR / 3 STR)
Year 2-5: $190,000 revenue (4 STR)