Investors Special, Great for a 1031 Exchange !!! Prime Waterfront Property with Boat Dock, Direct Gulf Access. Located just a minute to the Imperial River, the Gulf of Mexica, Shopping & The Beaches. The 2nd floor is one unit Home with 3 Bedrooms, totally updated with new Showers and all new Flooring. 3 Income producing 1 Bedroom Apartments on 1st Floor. Oversized Lot in the Pirates Cove Subdivision with Grandfathered in Drive in Boat Dock that has electric & running water. Large screened in Gazebo, 81 Feet of Seawall. Fenced in yard. Awesome Property that can be all rented out or use as an Income Producing Waterfront Home !!! The Upstairs is all one unit and Tenant will be moving soon. The Downstairs has 3 efficiencies,2 vacant one long term Tenant below market Rent ($600 month) but no lease and is prepared to Vacate. It is the Owners intention to deliver the this Investment Property free of any Tenants so the new Owner can get Market Rates from all Units.. A Very Rare find in todays real Estate Market for an Income Producing Waterfront Home.
Listing courtesy of Coldwell Banker Realty.
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