Property Detail

Description

UNIQUE INCOME-PRODUCING INVESTMENT OPPORTUNITY! Excellent opportunity to own a distinctive two-story boarding house property with a Hotel/Transient Lodging land-use designation. This is not your traditional hotel nor single-family residence. The property offers a versatile lodging configuration with multiple rentable rooms and shared amenities, currently generating $11,077 per month in rental income -- $132,924 annually. Many occupants are longterm and wish to stay.The downstairs features a private studio with its own bathroom, an additional room with kitchenette and private bathroom, plus four separate bedrooms that share a community restroom and shower room. Upstairs offers 8 additional bedrooms with access to a community restroom and shower. The property features a welcoming front porch, an upstairs balcony, and a spacious rear parking area accommodating approximately 10 vehicles, plus corner lot with ample street parking. Ideal for investors seeking an established income-producing property with multiple rental opportunities. Potential for an owner-operator to occupy one unit while continuing to generate rental income from the remaining rooms, subject to applicable occupancy and lodging regulations. 14 bedrooms/rooms plus a studio and kitchenette-equipped room configuration, strong existing income, and exceptional investment potential. A rare opportunity to acquire a distinctive income-producing property with flexibility and upside potential. Investors welcome.