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Mike Disch
RE/MAX ISLAND PROPERTIESDescription
Opportunity Knocks !
This beachfront fee simple deeded land right on the beach in Great Bay is a perfect investment opportunity.
A commercial space on front street and 8 One bedroom apartments to generate solid ROI. This 2 storey building with the possibility to add a 3rd level.
A recent appraisal is on file as well as a engineering report and a repair quote to bring the building back to a high value. This is a high return investment property.
The property is currently available for a quick sale price of $1.1 million. The engineering repair costs are quoted at $272,000. At a total cost of 1.37 million the property will give a 10% ROI. If a 3rd floor is added, more income will be generated, as well as the possibility to purchase more beach front, to build a restaurant and bar if desired.
Many options exist for the property! This kind of opportunity doesn't come by often so don't pass this up, call or email to discuss!
listing details
- Listing ID: 300014861033
- Property type: House/Villa
- Contract type: For Sale
- Price: $ 1,125,000.00
- Construction size: 0.00 Sq. Mt. - 0.00 Sq Ft.
- Lot size: 577.00 Sq. Mt. - 6,210.77 Sq Ft.
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