Listing ID : T3512544
-
Beds
1 -
Baths
1/0 -
Garage
1 -
Structure / Lot Size
600 Sqft / 435 Sqft -
Year
2021
Description
Just hitting the market as individual or multiple purchase up to all 5 units. Broker incentive increases for multiple purchases with single Buyer. $391,000, 2nd floor; hall and balcony entrances; 600sq ft. Airbnb / short term rental grossing ~$3000/month since current owners have had control January-March. There are a total of 10 units in the condominium association. All are ready for rental or Air B&B. Cap rates on the unit are roughly 7% based on the following assumptions: Airbnb @ 65% monthly occupancy with 6.5% occupancy tax; $300/month cleaning costs; $370/month COA; $1200 annual property tax
