Osaan Ronding represented the seller on this sold transaction on 08/24/2020
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Reliable and highly profitable investment even in a downturn. This property offers 2 rental incomes, with a restored 3/2 bungalow and 1/1 apt., 2 blocks from the beach. As of 5/15/20, the property has nearly $25,000 in FUTURE bookings, and has barely skipped a beat in the face of CV19, with average gross revenues for Feb., March and April of $3K- typically our slow season. Both units were completely renovated in 2018, with a fully fenced yard and 2 separate rentable spaces with separate entrances onto property. Annual occupancy rates beat the market, with ~90%. Annual gross revenue is over $100,000 for the first two years as a vacation rental, and is only getting better. An amazing property to buy both as a home and take over a successful business. The sale includes 2 days of training and hand-off of marketing materials. In flood zone X and has never flooded.
*Disclaimer: Listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.
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School information is computer generated and may not be accurate or current. Buyer must independently verify and confirm enrollment. Please contact the school district to determine the schools to which this property is zoned.
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