Income producing property listed under appraised value! This is an adorable, newly remodeled duplex named The Pineapple Place is just blocks from the beach, the circle, shopping, & restaurants with a very clean, responsible long-term renter in place in the downstairs unit. The upstairs comes fully furnished & is a successful current vacation rental with a large deck. The vacation rental made almost $26,000 since Feb 1, 2020. There is a shed in the back with items for guests to take to the beach. It has an outdoor shower. Upstairs has 2 bedrooms & 1 bathroom. Downstairs has 1 bedroom, 1 bath, laundry room, and outside space under the deck. The downstairs tenants have been the cleaners for the upstairs vacation rental and caretakers of the property. Market rent for it as a long-term rental is $900/mo adding $10,800 to the yearly income or it can be listed as a vacation rental with yearly income projections being approx $20,000. Upstairs yearly projections are approx $36,000 for a total of $56,000 per year. Extra measures have been put in place to prevent any water from getting in and if it does extra measures have been put in place to make it much less expensive to repair. Washer and dryer are negotiable. Appraised for $405,000 as income producing property.Artwork does not convey. Current vacation management company requires existing bookings to be honored.
This listing is provided courtesy by Eugene Gurganus, Sun Coast Properties of ENC Inc.
Map may not be 100% accurate.
