Description
Profitable Investment Opportunity: Off-Market Listing: Resideline estimates that this property can be rented on Airbnb for an average of $166 per day and long-term for an average of $1,991 per month, based on similar listings in the area. Estimated short-term cap rate of 5.2%. Estimated long-term cap rate of 0.9%. Lake Shore living at its best! Recently renovated 1 Bed/1 Bath unit on a lower level. The sun-drenched unit feels big! Now is the time to make it your very own! New Luxury Vinyl Plank flooring thru-out. New paint thru-out. New stainless steel appliances. This building comes with a ton of amenities, including a fantastic rooftop deck, newly remodeled fitness center, great 24 hour front door staff, grocer in the building, bike room, large outdoor patio with BBQ grills, cable/high speed internet. Garage valet parking is available for rent in the building. Mgmt and maintenance staff are on site. Tennis courts, pickel ball courts and softball fields directly across LSD. HOA has great reserves. New owners must own for 2 years before renting, but there is no rental cap. No dog building. Cats ok. No in-unit washer & dryers. Check out this unit today before its gone! Conventional financing now available for this condo. Seller is open to discussing kitchen upgrade/remodel options
Property Information
Airbnb Avg Daily | See Full Details |
Occupancy Rate | See Full Details |
Monthly HOA | $703 |
Rental Policy | daily |
Yearly Taxes | $2743 |
Bedrooms | 1 |
Bathrooms | 1 |
SQFT | 790 |
Furnished | N/A |
Year built | 1961 |
Listing Status | Off Market |
MLS | 12323703 |
