Income producing and Cash Flow! This is an opportunity to step right into a Turn- Key operation with rental history and solid bookings. Licensed and legal Short Term Rental (''STR''), the property is zoned Limited Business (LB) and located in the Short Term Rental Overlay in the Cannonborough- Elliottborough neighborhood. The property is an operating STR and currently managed by a third party rental management company. The property underwent extensive renovation in 2017-2018 with Architect designed plans and Interior Designer selections. The renovation went down to the studs to create a total of 8 Bedrooms and 6 Baths. With an interior staircase, the property can rent as a single 8 bedroom OR as a two 4 bedroom units. The top and bottom floors are mirror images and feature an open Kitchen, eating area, and living area (complete with a pull-out couch). Off the living area is a full bath as well as a bedroom with bunk beds. Down the hall are 3 additional bedrooms- the master with walk-in closet and en suite Bath, and 2 bedrooms sharing a Jack-n-Jill bathroom. Both units have washer and dryer units, Rinnai tankless water heaters, and new AC units. There is on-site parking at the rear of the home for several vehicles plus stacked parking in the driveway. Truly turn-key, this property is selling furnished, managed, and generating great rental income. apprx half year of operating data available. contact agent for actual and projected income and expenses.
Listing courtesy of Mcalister Preferred Properties.