OFFERING SUMMARY
List Price:
$6,450,000
Number of Units:
20
Price/Unit:
$322,500
Price/SF:
$420.44
Cap Rate:
3.70%
GRM:
15.39
NOI:
$238,652
Status:
Active
Investment Highlights:
GOAT HILL GOLF COURSE ADJACENT ONLY ONE BLOCK FROM SHOPS & STORES, 1.6 MILES TO THE BEACH
EXTREMELY DESIRABLE UNIT MIX OF LARGE ELEVEN 1-BED /1-BATH, EIGHT 2-BED / 1-BATH, & ONE 3-BED / 2.5 BATH TOWNHOUSE UNITS
WELL MAINTAINED VALUE ADD OPPORTUNITY WITH A 5.72% PROFORMA CAP RATE
ALL UNITS HAVE UPGRADED GRANITE COUNTERTOPS, VINYL PLANK FLOORS, PARTIALLY UPGRADED CABINETS
MOST WINDOWS (~70%) HAVE BEEN UPGRADED TO DUAL PANE
GATED ENTRY, PRIVATE YARD AND PRIVATE BALCONY WITH OCEAN VIEWS FOR SELECT UNITS
TWENTY-ONE SINGLE GARAGES, THREE OFF-STREET PARKING SPACES, ONSITE LAUNDRY, AND A LARGE STORAGE ROOM
OPPORTUNITY TO CONVERT GARAGES INTO FIVE ADUS
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