Active

$420,000

Features:
  • Bedrooms
  • 0 Bathrooms
  • 1520 sq ft
Overview
  • ID: MFRA4654488
  • Bedrooms:
  • Bathrooms: 0
  • Size: 1520 sq ft
Property Details
Remarks
Investment Opportunity: Multi-Unit AirBnB-Ready Property with Expansion Potential 3BR / 2.5BA + Studio | Configurable Short-Term Rental Asset We are pleased to present a unique investment opportunity—a highly adaptable property configured to support multiple short-term rental units (AirBnB) within the main structure, with the added benefit of an independent studio offering additional income potential. Property Highlights: Main House: 3 bedrooms / 2.5 bathrooms Currently configured for 3 separate AirBnB units. Option to rent as a full unit for group/family stays. Flexible layout ideal for furnished rental strategies Detached Studio Unit: Includes existing half bath Plumbing and space available to convert to full bath Excellent opportunity for value-add renovation or private guest suite Use Case Flexibility: Perfect for a combination of owner-occupancy and income generation Short-term rental, mid-term housing, or extended-stay options Ideal for investors seeking multi-stream passive income in a growing market This asset offers an outstanding platform for turnkey or value-add investment in the hospitality/residential crossover space. With minimal updates, this property can yield four rentable units in total, significantly increasing ROI. Investment Highlights: Gross Scheduled Income: $50,400 annually Estimated Operating Expenses: $3,000 annually Net Operating Income (NOI): $47,400 Cap Rate: ~11.3% at asking price Zoning Flexibility (BR_T4-O): Allows for commercial office, multifamily, short-term rental, or live-work use. All information should be verified by Buyer and or Buyer's agents for the Buyer's purposes. Ideal Buyers are Short-Term Rental Investors, Buy and Hold Investors, Owner occupiers, and possible Developers seeking to increase density or mixed use redevelopment. Estimates were based on estimated long term rentals for 2 units. This is steps away from the Motorworks Brewery, quaint restaurants, and serious artists stores.
Financial Considerations
Price:
$420,000
HOA Fee:
N/A
Tax Amount:
$2739
Price per SqFt:
$229.26
Tax Legal Description:
LOTS 10,11 A PRESTON BOYD ADD PI#43492.0000/8
Exterior Features
Lot Size:
12219
Lot Features:
Historic District, Sidewalk
Waterfront:
No
Parking Spaces:
N/A
Parking:
Curb Parking, Ground Level, RV Access/Parking
Roof:
Shingle
Pool:
No
Pool Features:
N/A
Interior Features
Bedrooms:
Bathrooms:
0
Heating:
Central
Cooling:
Central Air
Appliances:
Range, Refrigerator
Furnished:
No
Floor:
Vinyl, Wood
Levels:
One
Additional Features
Property Sub Type:
Mixed Use
Style:
N/A
Year Built:
1920
Construction Type:
Frame, Wood Siding
Garage Spaces:
No
Covered Spaces:
N/A
Direction Faces:
South
Pets Allowed:
No
Special Condition:
None
Additional Features:
N/A
Additional Features 2:
N/A
Map
  • Address
    1019 10TH AVE W
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