Description
Investment Opportunity: Off-Market Listing: Resideline estimates that this property can be rented on Airbnb for an average of $192 per day and long-term for an average of $4,672 per month, based on similar listings in the area. Estimated short-term cap rate of -3.1%. Estimated long-term cap rate of -2.8%. Expansive lot larger than a 1/4-acre on Davis Islands! Prepare to build your dream home on this 0.29 acre property that already includes a pool! Home had water intrusion from Hurricane Helene and flooring and drywall have been removed as part of moisture mitigation. The property is being sold for the value of the land and is sold AS-IS. It may be possible for the property to qualify for permits to restore and repair the damage (buyer and buyer's agent should verify if this is the case). Photos show the property before and after the storm for reference. If you are eager to build on Davis Islands, don't wait to check out this excellent location on Martinique Avenue. Please use caution if entering the home and consider wearing a mask for your safety.
Property Information
Airbnb Avg Daily | See Full Details |
Occupancy Rate | See Full Details |
Monthly HOA | $0 |
Rental Policy | daily |
Yearly Taxes | $16309 |
Bedrooms | 3 |
Bathrooms | 2 |
SQFT | 2,088 |
Furnished | N/A |
Year built | 1956 |
Listing Status | Off Market |
MLS | TB8311824 |
