2021 has over $43,745 income w/21 weeks rented, plus a 21-22 winter rental. 2020 income $36,612.36 BOTH NET AFTER COMMISSIONS! Prior years equally as impressive. Rents 100% solid year after year. Completely gutted & remodeled. 2 short blocks to center of boardwalk and 9th/10th St. beaches. Perfect center city location, EVERYTHING within walking distance! Largest unit in building (@956 sq.ft.). 2BR, 2.BA that Sleeps EIGHT (8). Granite countertops, wood cabinets throughout. In-unit washer/dryer. BR\'s are on opposite sides of the apartment for extra privacy. Parking for 1 car (City owned Lot, rented annually @$800/yr. off-site). Heated swimming pool, BBQ area & a large spacious sun deck. Condo Fee Includes wi-fi, cable, hot water. 39 unit condo building has @ 15 owners that rent weekly or seasonally in the summer and the rest don\'t rent at all. Check Associated Docs for P&L. OWNER FINANCING AVAILABLE TO QUALIFIED BUYER. $100,000 Down, 4%, 30 year amortization, 5 year balloon. OR $100,000 down, 6%, 30 year amortization, 10 year balloon. NOTE - After 5/1/21 all showings Saturdays only 11AM-2PM. This used to be the front rental office for the Sun Beach when Sun Beach was a motel. Even though Sun Beach no longer operates as a motel, this is still considered a commercial property. It requires a commercial mortgage, a cash buyer or take advantage of the Seller financing. The seller will also buy down any rate differences between a commercial loan and a residential loan.
Listing courtesy of: Fox Real Estate-Ocean
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