Neighborhood: Ocean City, Ar 3 Beaches, Sub 1 Ocean View
Property Taxes: $0
INVESTORS DREAM! ALL INCOME AND EXPENSES ARE IN ATTACHMENTS IN MLS. This 14 unit multi-family complex zoned (R3), is located on a .45 acre lot across from the street from the beach. There are two buildings, 4 units for one building and 10 for the other. Contains 6 identical units roughly 400 sqft., 4 efficiency rooms, and 4 similar apartments. Each unit comes with 1 parking spot, vinyl flooring, newly renovated kitchen, bath, and living space. CANNOT be built on anymore due to non-conforming use. Property appraiser shows that it was built in 1941, with an effective age built in 1980. Was recently renovated in 2018-2020. Great perks of this property include double downed hurricane hinges, not in a flood zone, recently renovated, and made with the original concrete from 1941 (making it very sturdy). It does need some love with paint touchup and some updated appliances. Do not miss out on a great cashflow opportunity!!
Listing information provided courtesy of the Amelia Island-Nassau County Association of Realtors. IDX information is provided exclusively for consumers' personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable, but is not guaranteed accurate by the MLS. Updated: 11th April, 2021 5:53 PM