398 Blockade Drive
- Coastal-modern multifamily asset
- Two buildings: duplex and quad
- 6 units - 2 BR / 2 BA
- Total acreage: 1.4
- General Residential zoning
- Large lot for future development
- Strategically located (<1 mile to beaches and shopping)
- Stabilized rents with one year lease structure
- Ability to move into the short-term rental market
Property Description
Sunset East presents a stabilized multifamily investment opportunity with a coastal-modern composition tailored for investors looking for immediate cashflow and development upside. The property provides 6 well-proportioned living spaces, spanning across two buildings; 1 duplex and 1 quad. Recently updated mechanical and building systems deliver dependable performance, allowing owners to focus on management rather than maintenance. The lot configuration could allow for the construction of additional dwellings. This property is not governed by an HOA and is not subject to any short-term rental restrictions. New ownership could continue with the convenience of long term stabilized rents or pivot into a short-term rental structure.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $1,395,000 |
| No. of Units: | 6 |
| Average Occupancy: | 6.09 |
| Year Built: | 1980 |
| Lot Size: | 1.44 Acres |
| Opportunity Zone: | No |
| Price per unit: | $232,500 |
| Property Website | Click Here |
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