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$399,000 total
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Asset Class
Specialty
Size
—
Building class
C
Zoning
US — Urban Services
$ / SF
—
Occupancy
97%
Year Built
2011
Pristine Waterfront Property ! This all on one level home situated on a large parcel of land and meticulously cared for could be that perfect property if you're just starting out or slowing down in life and want to enjoy beautiful water views and nature at your door step. Main level of home features open concept design consisting of a living room with wood burning stove, kitchen with large island, flat top range and ample cabinetry, perfect for entertaining family and friends, this space also has charming wood finishes that add warmth and a rustic feel. This space has great views through large windows and patio door that lead out onto a large multi level veranda and deck overlooking the ocean. Main level also features a new addition built 4 years ago that consists of a large primary bedroom with half bath, double closets, fireplace, vaulted ceiling with exposed wooden beam and panoramic views of the ocean. Also on the main level you have a main bath with stand up shower, second bedroom, laundry room and porch with storage. Exterior of home is well maintained and features multiple out buildings including a 30x26 detached garage that has a loft that is fully developed and features a bar and exterior door leading out onto a small deck with ocean views, this space would be perfect for entertaining or for guests or even a great space for a teenager. Exterior also has a wood shed, storage shed with small garage door, sun/screen room, wharf located at waters edge and a lookout deck for enjoying your morning coffee while taking in the view! Other great features of this home include Mini split heat pumps, 200AMP electrical system, pex plumbing, spray foamed crawl space and hot water on demand propane. Pride in ownership is evident in this home and is a must see ! (id:66811)
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Monthly debt service
$2K
Projected NOI
$31K
Annual cash flow
$9K
Cash-on-cash
7.11%
DSCR
1.39
Going-in cap
7.68%
Figures are modelled from the listed price and asset class for illustration only. Verify all income, expenses, and financing terms independently before making an offer.
Trade area within 3 miles of the property.
Population
116,845
Households
44,223
Median income
$107,500
Median age
44.2
Daytime population
183,244
5-yr growth
6.2%
Modelled estimates for illustration until a licensed census data provider is connected.
Confidential diligence documents for 3 Indian Cove Road, Ritters Arm.
Offering Memorandum
PDF · 4.2 MB
Rent Roll & T-12
XLSX · 820 KB
Environmental Phase I
PDF · 6.7 MB
Site Survey & Plans
PDF · 11.4 MB
Zoning Confirmation Letter
PDF · 310 KB
Preview experience — the electronic NDA is illustrative and is not a binding agreement.