This rare off-market 9-unit gem, located just a block and a half from the World’s Most Famous Beach, is truly an investor’s dream. Whether you're looking to expand your rental portfolio or secure a steady, income-producing asset in a high-demand area, this property checks every box.
Each of the 9 units is projected to rent for an average of $900/month, bringing in $8,100/month or $97,200/year in gross rental income. With strong tenant demand and limited supply in the area, this property offers consistent cash flow and solid long-term returns.
Please note: One of the units in the main building experienced fire damage and will require rehab. The total estimated renovation budget is approximately $100,000, offering a value-add opportunity for investors ready to unlock this property's full potential.
And as always in real estate:
Location, Location, Location!
You're just steps from the beach, the boardwalk, and iconic Main Street—a magnet for tourism, seasonal workers, and beach-loving
