$456,000
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510 N Ocean Beach Blvd Long Beach, WA 98631
Multi-Family
Residence
Beds
Baths
1,360
Sq. Ft.
Property Activity
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Turnkey Rental Property! 2 Units, each apprx. 640sf. 100% occupancy for 5 years. Ground up remodeled incl foundation. Modest interiors feature new kitchens with dishwasher, bth rms, washers/dryers, ceiling fans. No builder-grade anything. Easy to maintain lot, off street parking, room for a garage o...r shelter, close to beach, downtown Long Beach business district and restaurants. Proven income producer, current cap rate of 3.75 but expenses currently include water, garbage, lawn svc and property management. Cap rate will rise w/a more hands-on landlord. Long term/stable tenant in 512 will stay if allowed. Split use as beach get-away for one unit and the other as rental is certainly possible. Your rental will mostly pay for your home!
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MLS#
2309703
Property Type
Multi-Family
Status
Year Built
1940
Square Feet
1,360
sq. ft
Sewer
Sewer Connected
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