Courtesy of: Shawn Dugan, Strand Hill Properties, manonthestrand@gmail.com
Courtesy of: Shawn Dugan, Strand Hill Properties, manonthestrand@gmail.com
$3,599,000
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7 bed
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4.00 Bath (4 Full Bath)
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Lot: 2,706.00 Square Feet
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Quadruplex
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$3,599,000
121 Rosecrans Avenue Located just 4 homes to "The Strand”… Prime Ocean View Income Opportunity on a Full 30’ x 90’ Lot. These four bright and spacious units rent easily due to the close proximity to the beach, the surf, and North End restaurants, retail and cafes. 3 units with 2 bedrooms and 1 bathroom each, plus a 4th unit with 1 bedroom and 1 bathroom. Each unit includes 1 garage space, 1 tandem driveway space (8 cars total), and separate electric and gas meters. The building currently generates $13, 230/mo in combined income ($158, 760 yearly), with big upside. Short term rental income could provide $31, 576 monthly income ($378, 918 yearly), yielding a 5.23% CAP rate. Inquire for comps & income schedule. Properties with this many units and such close proximity to the beach are rarely available at a price like this.
Courtesy of: Shawn Dugan, Strand Hill Properties, manonthestrand@gmail.com
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