Off-Market Property at 226 Seagate Ave, Atlantic Beach, FL, 32266

226 Seagate Ave, Atlantic Beach, FL, 32266

$775,000

Description

Investment Opportunity: Off-Market Listing: Resideline estimates that this property can be rented long-term for an average of $4,500 per month, based on comparable local listings. Estimated long-term cap rate of 0.2%. Come give one of the few remaining original 1948 Brick Duplexes at the beach some love! Situated East of A1A, this gem sits on a large 56 x 121 lot with an Upstairs/Downstairs layout and 2 driveways. Both units have 2 large bedrooms, 1 bath each, and plenty of dining/living space! Whether you renovate the existing units or convert it into a single family home.... you cannot beat the location and potential to restore this home to its glory days and make it your own!

Property Information
Monthly Rent
$4,500
Monthly HOA
$0
Rental Policy
daily
Yearly Taxes
$2620
Bedrooms
4
Bathrooms
2
SQFT
2,382
Furnished
unknown
Year built
1948
Listing Status
Off Market
MLS
1235508

Long-term Rental Potential
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$54,000

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$4,500/mo

Rent