Exceptional trophy investment of three newly remodeled cottages. Rarely do you find a turn-key investment with large upside potential, like this one. Perfect for owner/user or a 1031 buyer looking for an add value play. Big upside being the plans pending to build an additional 2 cottages(ADU’s) which would easily increase the monthly income $8,000 per month. Renderings available upon request. All three cottages have been remodeled extensively with current rents grossing $10,000 per month. The front cottage(907 SF) has 2 bedrooms, 2 bathrooms with a fenced in front yard at $3,250 per month(market rent $4,000). The tastefully updated back two cottages(941 SF each) have mirrored floor plans with 2 bedrooms and 1 bathroom.

Overview

  • Subdivision15 - Lower East
  • Year Built1925
  • Lot Acres0.43
  • RoofingComposition
  • Parking/GarageBoat, Cpt #1, Gar #2, RV
  • CoolingCeiling Fan(s), Elec, Wall

Rooms

  • Bedrooms6
  • Full Baths4

    Features

      • Security
      • Floor Coverings

      Schools

      • ElementaryFranklin
      • HighS. B. Sr.
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