MLS Number 72289431
- Multi-Family 5-9 Family
- Bedrooms 11
- Year Built 1900
Walk to the beach, excellent restaurants and stores from this very large 8 unit building.Five 1 bedroom apartments, and three 2 bedroom apartments. Rents range from $1125 to $1550, TAW or leases ending soon on all apartments. Apartments are in good condition. All rents should be significantly higher. Heat is included in the rent. Parking for 9 cars on lot. Golf course across the street. This property is less than 2 miles from Suffolk Downs, which will soon be a phenomenal economic engine for this entire area. Cap Rate is 5.2% at current rents. This property has never flooded. Interior pix coming soon.
Listed by Douglas Melcher and Joe Quigley of Melcher Real Estate Group