6 CAP is calculated with current sales price tax increases and management fees. Properties are the best performing on the peninsula crushing other STR units and have seen double digit gains since inception annually. Legally zoned, permitted and operating under Short Term Rentals.This is One of Three similar buildings. You have option to purchase one, two or all three buildings.
This building is truly a unique with a mix of STR and Commercial space.
Has 1st floor commercial space of 580 sqft fully leased out.
The 2nd & 3rd floor operates under short term rentals and has 3 bed 2.5 bath 1,818 sqft.
You've got private off-street parking, comfy beds and are a block from King Street, what else could you ask for! Big flat screen TV, high-speed Wi-Fi Internet with a work desk in loft area. Tons of space and your private deck this is truly a unique building. Walking is nice from the home, one block from king street puts you right in the mix of all you want to see and do.
Bedroom Layout as follows: King in Master, Queen in bedroom adjacent Master, Queen and bunk bed with two singles that adults can comfortably use, Queen Pullout Couch on 3rd floor. Short term rental is being sold with furniture. Interior images are of similar listing/model.
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