100 Pass A Grille Way

Description

Seller just put in over of $70,000 in new exterior upgrades which consists of new exterior stucco, paint, front and back awnings, front and back steps, concrete pads, irrigation, and grass sod. Historical and famous Pass a Grille Residential and Income producing, THREE Consecutive lot property, directly in front of the intercoastal waterfront and Popular Pass a Grille Dog Beach! Only in Pass a Grille can you find a unique and one of a kind, 3 side by side lots, with 8 units on it directly across from the intercoastal and beach! Located on Pass a Grille Way and 1st Ave, this sought after corner of three parcel lots boasts 9 bedrooms and 9 bathrooms, seven 1 bedroom 1 bathrooms, and a 2 bedroom 2 bathroom. The four structures housing 8 units, two garages, storage room, and laundry room, is producing 221k in rent for 2022! 2023 projections are 240k for the year! The large property is only two parcels from the Pass a Grille public beach and rock pier and is just 7 blocks south of Pass a Grille's historic downtown, full of restaurants, shops, and bars. There is an on site parking lot for four vehicles, along with parking in front of the two vehicle garage. Currently all 8 units are on annual contracts and the property is zoned to be able to do 3 short term rentals less than 30 days and then 30 day minimums or more each year. There are three historic and original US Navy military barracks from World War 2 that are now six 1 bedroom 1 bath units that rent for $2000 each a month! 5 of the 8 units have had their original hardwood floors sanded, buffed, and polished in the past year! Other items of interest that have been completed in the past year are, three new ac units, the building housing units 5 and 6 has been termite tented, new washer and dryer in the laundry room which is shared by 7 of the 8 units. The building housing units 7 and 8 was built in 1994 and has a large 1/1($2300 a month) on the second floor and a large 2/2($3900 a month) on the second and third floors that has its own washer and dryer and outside balcony! There are incredible and amazing beach and intercoastal views from 5 of the 8 units! The 2 vehicle garage rents for $500 a month and the storage room rents for $250 a month. Property is perfect as is, or buyer could live in one of the units and rent out the other 7, or buyer could knock down and build dream home on 3 lots. So much more to tell so please call, text, or email for more info and to set up a showing.