14 apartments +bonus (4 maybe possible additional apartments) investment opportunity, multifamily, airbnb, motel. 16 units (14 studios, 2 one bedrooms) + bonus. (4 shell condition studios with plumbing). Renovated, impact windows, new roof, etc. Minimum potential income as multifamily: 14 studios $1,300 month = $218,400 year / 2 one bedrooms $1,500 month = $36,000 year. Minus expenses: $35,000 year. Total noi: $219,400 year. Equal 11.2% cap. Rate.
RE/MAX Advance Realty