Description
Price reduced: Unique 2 story TH unit w/ DIRECT pool & beach access from unit patio. Casablanca is one of only two buildings in Mid Beach that allows daily rentals through Airbnb & other platforms. Low HOA dues of $654/month. Current owner has just invested $50, 000 in renovations and new furnishings. Cap rate of 7% based on pro-forma income of $87K/yr. Current owner uses professional management company to handle all aspects of Airbnb rentals. This is a perfect turnkey investment.
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2BEDS
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0.03ACRES
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2BATHS
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11/2 BATHS
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1,430SQFT
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$657$/SQFT
School Ratings & Info
Description
Price reduced: Unique 2 story TH unit w/ DIRECT pool & beach access from unit patio. Casablanca is one of only two buildings in Mid Beach that allows daily rentals through Airbnb & other platforms. Low HOA dues of $654/month. Current owner has just invested $50, 000 in renovations and new furnishings. Cap rate of 7% based on pro-forma income of $87K/yr. Current owner uses professional management company to handle all aspects of Airbnb rentals. This is a perfect turnkey investment.
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