Mission Beach 6 Plex. Prime location in the heart of Mission Beach, just two blocks north of Belmont Park. Six Studio Units. Excellent Upside in Rents. Summer Season Vacation Rental Opportunity. One and half blocks away from either the Pacific Ocean or Mission Bay. Miles of Boardwalk on Bayside Walk to the east and Oceanfront Walk to the west. Each unit has it's own parking space and street parking is available. Restaurants and Retail in close proximity. Outstanding Street Smart Walk Score. Freshly repainted exterior in 2012. Roof, tile and windows were completely upgraded 10 years ago. Showings with accepted offers. Own a piece of Mission Beach! 6 Units for Sale at this destination location. Outstanding Investment Deal. Convert to Vacation Rentals. Annual Gross Income climbs to $110,700 with 35% annual expense ($38,745) =Net Income of $60,543. Projected Cap Rate becomes 5.16%. Gross Rent Multiplier becomes 10.61. Assumes 6 units at $985/month for 9 months and 6 units at $125/day ($3,750/month) for 3 months. Spectacular Return-Great Location!
Region: San Diego