Active

$400,888

Features:
  • 3 Bedrooms
  • 3 Bathrooms
  • 1130 sq ft
Overview
  • ID: MFRA4607927
  • Bedrooms: 3
  • Bathrooms: 3
  • Size: 1130 sq ft
Property Details
Remarks
Experience beachfront luxury at its finest! This property presents three stunning condos on the 8th floor, each offering breathtaking ocean views. Renovated to perfection, these units feature new flooring, updated kitchens, and modern appliances, providing an inviting living space. Sold fully furnished, this turnkey property offers seamless investment potential. Whether you choose to live in one unit and rent out the others or capitalize on the short-term rental market, the opportunities for profit are endless. Currently fully occupied, with the option to reclaim one unit for owner occupancy with a 30-day notice, this property offers flexibility and immediate returns. Situated in a meticulously maintained building undergoing over $9 million in upgrades, there's no need to worry about special assessments. Owners will enjoy access to a range of amenities, with HOA dues covering water, electricity, Wi-Fi, and exclusive access to beachfront facilities. With the option to join the association's short-term rental program or self-manage, the current owner is available to assist with the transition. Offering a cap rate of 7% or more, this property is a rare opportunity to invest in beachfront luxury and enjoy lucrative returns for years to come.
Financial Considerations
Price:
$400,888
HOA Fee:
1229
Tax Amount:
$1904.87
Price per SqFt:
$354.77
Tax Legal Description:
UNIT 817 818 & 819 OCEANSIDE INN CONDO PER OR 5027 PG 2142 PER OR 5068 PG 4823 PER OR 6082 PG 1328 PER OR 6318 PG 4997 PER OR 6501 PGS 1197-1198 PER OR 6916 PG 2633 PER OR 7551 PG 4068 PER OR 7702 PG 4290 PER OR 7980 PG 3416
Exterior Features
Lot Size:
N/A
Lot Features:
N/A
Waterfront:
No
Parking Spaces:
N/A
Parking:
N/A
Roof:
Other
Pool:
No
Pool Features:
N/A
Interior Features
Bedrooms:
3
Bathrooms:
3
Heating:
Wall Units / Window Unit
Cooling:
Wall/Window Unit(s)
Appliances:
Microwave, Other, Refrigerator
Furnished:
No
Floor:
Laminate
Levels:
One
Additional Features
Property Sub Type:
Condo - Hotel
Style:
N/A
Year Built:
1973
Construction Type:
Concrete
Garage Spaces:
Yes
Covered Spaces:
N/A
Direction Faces:
East
Pets Allowed:
No
Special Condition:
None
Additional Features:
Other
Additional Features 2:
N/A
Map
  • Address
    1909 S ATLANTIC AVE #817-819
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