Note: Open house on Friday, Saturday, and Sunday from 11 am to 2 pm!!!
This property is ideal for an investor looking for a turn-key rental property on Balboa Island.
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It could, of course, be purchased for owner-occupant use with the secondary unit for extended family or rented out for income.
Here are the details:
- A few doors down from the ferry
- Just-completed to-the-studs remodel
- Upstairs and downstairs units are brand new
- Completely set-up for short-term rental tenants
- 6+% cap rate after all expenses, fees, and taxes
- Property management company in place and actively marketing the property
The owner has spared no expense and been extremely attentive to all possible details to maximize return on investment.
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Pay 5% to 10% Below Market