
Courtesy of: Cigdem Zambrano, BK Real Estate, cigdem@coastalconnectiongroup.com
$425,000
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5 bed
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3.00 Bath (3 Full)
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Lot: 0.27 Acres
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Apartment
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$425,000
115 Cole Street Prime location on Ocean Drive! This well-maintained, income-producing 3 unit property sits on an oversized 11, 000+ sq. ft. lot and offers an excellent opportunity for investors or owner-occupants. The property features a front duplex with two 2-bedroom, 1-bath units and a separate rear 1-bedroom, 1-bath unit. The two 2-bedroom units each generate $1, 400 per month in rental income, while the 1-bedroom unit rents for $1, 000 per month, producing a total gross monthly income of $3, 800. All three units are currently tenant-occupied and individually metered. Features include central AC, hardwood and vinyl flooring, spacious bedrooms, private entrances for each unit, ample parking, and a deck for outdoor enjoyment. The rear building also includes a small garage currently used for storage, along with two additional storage units, adding extra functionality and value. Live in one unit and rent the others, or continue operating this turnkey income-producing property.
Courtesy of: Cigdem Zambrano, BK Real Estate, cigdem@coastalconnectiongroup.com
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