This is a 12 unit multi-family property with lots of upside potential! It is a prime location easy 2 blocks from the beach, in an extremely desirable rental area. Building includes 1 elevator, 2 stairwells, central fire alarm, electric entry gate and central air/heat. Property has been substantially renovated and each unit has washer and dryer. It has six- 1 bedroom 1 bath, four- 2 bedroom 1 bath, one- 2 bedroom 2 bathroom and one huge 4 bedroom 2 bathroom with about 3,500 sq. ft. and 3 balconies. The property is composed of one building and was built in 1966. It has a building area of 15,000+/- sq. ft. situated on a 13,000+/- sq. ft. lot. The property is always fully rented with very low turnover due to long term tenants and below market rents. In our current rental market, where there is a shortage of rental properties, the units usually rent in less than one week. Additionally, with rents below market, the savvy investor will be able to greatly increase profits by bringing rents up to market rates. Another possibility that had been considered in the past would be a condo conversion or possibly changing to a beach motel. Property has 15 electric meters, as the largest unit was combined. For additional information, contact Marcia Gannon at 954-868-0166.