835 N Grandview Avenue
Property Description
Solid Concrete Block 4-plex minutes from the beach & Hard Rock Hotel. Fully occupied -- $5,050/mo gross rent with rents below market and all leases month-to-month. Unit mix: one 3BD/2BA (fully renovated) + three 2BD/1BA. Each unit has 2 private entries and a locked storage unit. Upper units have balconies; Unit 3 features a peek-a-boo ocean view. On-site coin laundry, rentable 1-car garage & 2 covered spaces add income streams. 2020 impact windows, storm shutters, new copper A/C lines, new retaining wall & irrigation well. Terrazzo floors in Units 1 & 2. Ideal for investor or owner-occupant -- live in the updated 3/2 while 3 rentals offset your costs. Unit 4 (3BD/2BA) is fully updated with all-new vinyl plank flooring and new bathrooms. Units 1 & 2 feature durable terrazzo floors -- a long-lasting, low-maintenance premium. Roof approx. 14 years old; new copper refrigerant lines recently installed. Seller currently pays water, laundry electric & gas. Tenants pay their own electric. Current insurance is a minimum plan -- buyer to verify and adjust coverage as needed. A/C units are older; copper lines recently replaced. Strong coastal rental demand makes this a rare find for the buy-and-hold investor or savvy house-hacker looking to let tenants cover the mortgage.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | 2-4 Units |
| Price: | $799,000 |
| No. of Units: | 4 |
| Year Built: | 1968 |
| Lot Size: | 3,886.00 Sq ft |
| Opportunity Zone: | No |
| Price per unit: | $199,750 |
| Property Website | Click Here |
| Number of Bedrooms: | 9 |
| Number of Bathrooms: | 5 |
ID: 3yd-DBAARFL-1225850
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