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
This listing is courtesy of Arbor Realty, Inc.. Property Listing Data contained within this site is the property of Stellar MLS and is provided for consumers looking to purchase real estate. Any other use is prohibited. We are not responsible for errors and omissions on this web site. All information contained herein should be deemed reliable but not guaranteed, all representations are approximate, and individual verification is recommended.
This listing is courtesy of Arbor Realty, Inc.. Property Listing Data contained within this site is the property of Stellar MLS and is provided for consumers looking to purchase real estate. Any other use is prohibited. We are not responsible for errors and omissions on this web site. All information contained herein should be deemed reliable but not guaranteed, all representations are approximate, and individual verification is recommended.
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