Description
Profitable Investment Opportunity: Off-Market Listing: Resideline estimates that this property can be rented on Airbnb for an average of $191 per day and long-term for an average of $1,888 per month, based on similar listings in the area. Estimated short-term cap rate of 12.5%. Estimated long-term cap rate of 4.5%. This 5-bedroom, 2-bathroom single-family property could be your next investment. Convenience is a defining feature of this property, situated just a short walk from the village, which is set to undergo a major redevelopment by the summer of 2024. This property is unique in the fact that it is zoned R-5, which means that it can be converted to a multi-family home at the buyer's discretion. This property is currently rented at $1275 per month through July 2024 and at $1400 per month from August 2024 to July 2025. Don't let this incredible opportunity slip away.
Property Information
Airbnb Avg Daily | See Full Details |
Occupancy Rate | See Full Details |
Monthly HOA | $0 |
Rental Policy | daily |
Yearly Taxes | $5328 |
Bedrooms | 5 |
Bathrooms | 2 |
SQFT | 1,793 |
Furnished | unknown |
Year built | 1928 |
Listing Status | Off Market |
MLS | 202405780 |
