Amazing coastal Triplex located only a block from the ocean with superior unit mix and development potential. The Acacia Apartments sit on a 5,729 square foot corner lot and consists of (2) large three bedroom/one bath units, and (1) large two bedroom/one bath unit. Other features include: single car garages with off street parking, large front patio, oversized sundeck, and private Jacuzzi for unit B. In addition, there is the possibility to tear down and build three brand new townhomes with individual 2 Car garages, various outdoor shared spaces, private patios, and rooftop decks that will have unobstructed ocean views. Each unit could be approximately 1,450 square feet with 3 bedroom/2.5 bath. Last City vetted layouts attached and anticipated City approved plans by mid year 2023. Property currently uses units A & B as multiple VRBO's and units can be delivered vacant if desired. Seller may consider carrying financing for a well qualified buyer. Please see attached Documents for more information including YTD rental income and links to VRBO websites for occupancy and daily rates.
Please see attached Documents for more information including YTD rental income and links to VRBO websites to see occupancy and daily rates. Units A & B are currently being operated as VRBO's and can be delivered vacant if desired. Seller may consider carrying financing for a well qualified buyer.