POSITIVE CASH FLOW ON THIS VERY UNIQUE UNIT IN FOREST BEACH VILLAS WHICH IS IDEALLY LOCATED AT COLIGNY CIRCLE SHOPPING & DINING. THE NEW CELEBRATION PARK.THE OCEAN FRONT TIKI HUT. ONE DEED BUT TWO 1 BEDROOM FLATS.ONE ON THE 4TH FLOOR & ONE ON THE 5TH FLOOR WITH INTERIOR STAIR WELL. CURRENT RENTAL INCOME $29,400.00 & TOTAL EXPENSES INCLUDING AN 80% MORTAGE, TAXES, REGIME, INSURANCE $27.698.00. TENANTS WOULD LOVE TO STAY. COULD BE CONVERTED TO A 2 BEDROOM 2 BATH TOWNHOUSE. COULD ALSO BE CONVERTED TO ONE OR TWO SHORT TERM RENTALS WITH RENOVATIONS AND FURNITURE. NICE POOL COMPLEX 2 TENNIS COURTS, UNDER BUILDING PARKING 2 NEWER AC UNITS
Listing courtesy of Premier Properties of Hilton Head Island.
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