FIRST TIME ON THE MARKET IN OVER 60 YEARS!!!! WANT A FAMILY COMPOUND? VERY LARGE (TWO) 3 FAMILY APARTMENT HOMES ON A GENEROUS 3/4 WATERFRONT SITE!!! LOOK AT THE AERIAL PICTURES FOR WHAT YOU CANNOT VIEW FROM THE STREET! THESE ARE TWO MASSIVE-SIZED MULTI'S ON ONE LOT, AND THE OWNER'S PRIDE SHOWS WITH THE CARE AND IMPROVEMENTS AND GROUNDS. SWEEPING LAWN TO THE SEA WALL. FANTASTIC WATERVIEWS. HAVE A BOAT? EVERY APARTMENT HAS A GORGEOUS WATERVIEW! LONG TERM RENTERS. CURRENT INCOME IS $4730/MO **BONUS** UNTAPPED INCOME POTENTIAL WITH NOT ONLY INCREASED MARKET RENT, BUT FUTURE, UNTAPPED ADDITIONAL INCOME...AN UNRENTED 3RD FLOOR UNIT, NEEDS A 2ND EGRESS STAIRCASE-- RECOUP WITH 8 MONTHS RENT. A UNUSED GARAGE UNDER--GREAT FOR SMALL CAR RENTAL, BOAT STORAGE, PERSONAL WATERCRAFT, OR TENANT STORAGE. ANOTHER GROUND LEVEL STORAGE UNIT CAN BE RENTED, AND BSMT. STORAGE BE CONSTRUCTED. PROJECTED RENTAL $7000+/MO. OWNER PAYS $4000 FOR HOME OWNERS INS. FLOOD CERT IN HAND, $14,700 EST. YR.
Exterior Features:
Stone Wall, Porch, Porch - Enclosed, Gutters, Professional Landscaping, Screens
Water:
City/Town Water
Water:
City/Town Water
Taxes
Short Sale Lender Approval:
No
Lender Owned:
No
APOD Available:
Yes
Assessed Price:
$477,300
Taxes:
$8,095
Tax Year:
2018
Book/Page:
877/303
Warranty Available:
No
Beach
Beach:
No
Expenses
Gross Income:
$51,600
Net Income:
$51,600
Additional
Amenities:
Public Transportation, Marina
Disclosure Declaration:
Yes
Disclosure:
THERE ARE 2-3 FAMILY UNITS ON ONE LOT. FLOOD ELEVATION CERTIFICATES COMPLETED, IN HAND. ONE 3RD FLOOR APT. NEEDS SECONDARY EGRESS, AND THIS UNIT IS NOT CURRENTLY RENTED, AND WOULD RENT FOR $900+. ADDITIONAL INCOME CAN COME FROM A 1 CAR GARAGE FOR A BOAT OR CAR & A GROUND LEVEL ENCLOSED STORAGE UNIT
Units
Total Rooms
Bedrooms
Fireplaces
Floors
Full Baths
Half Baths
Lease
Levels
Rent
Unit 1
4
2
0
0
1
0
No
1
$900
Unit 2
5
2
0
1
1
0
No
2
$1,100
Unit 3
3
1
0
1
1
0
1
$800
Unit 4
3
1
0
1
1
0
1
$750
Units Extras
Common
Cooling: None Heating: Gas
The listing office is Carol Brannaka REALTORS® and the listing agent is Avery Brannaka. The property listing data and information, or the images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and it's subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the images, set forth herein. The data was last modified on 12/18/2018 2:44:00 PM.