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$549,900 total
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Asset Class
Specialty
Size
—
Building class
A
Zoning
DC2 — Site Specific
$ / SF
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Occupancy
100%
Year Built
2016
Lot Size
1.9232 ac
Offering incredible ocean views, stunning southwest sunsets, and an exciting income opportunity, this beautifully maintained 10-year-old property has so much to offer! The main home features three bedrooms and two bathrooms, with comfortable one-level living, soaring cathedral ceilings, real hardwood floors, and impressive 12-foot glass patio doors that frame the breathtaking water views. The open-concept kitchen, dining, and living area, along with a spacious entryway, creates a welcoming space for everyday living and entertaining. Efficient all-electric heating includes a ductless heat pump, baseboard heaters, and in-floor heating in both bathrooms. Outside, the expansive 48-foot deck is the perfect place to relax and take in the peaceful ocean views and unforgettable sunsets. Adding even more value to this property is a separate 20 x 20 tiny home, currently operating as a successful Airbnb, offering an established income-generating opportunity or additional space for guests. With the additional parcels, the property boasts an impressive 350 feet of water frontage. A detached one-car garage with lean-to and overhang provides plenty of room for storage, a workshop, or recreational equipment. Located directly in front of the rail-to-trail system, outdoor enthusiasts will appreciate having easy access to four-wheeling, walking, and hiking right from their doorstep. Whether you're looking for a beautiful waterfront home, an opportunity to generate additional income, or a property that offers a little of both, this one is worth a closer look! (id:66811)
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Monthly debt service
$3K
Projected NOI
$44K
Annual cash flow
$13K
Cash-on-cash
8.17%
DSCR
1.44
Going-in cap
7.99%
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
134,526
Households
52,363
Median income
$135,000
Median age
39.8
Daytime population
206,948
5-yr growth
7.1%
Modelled estimates for illustration until a licensed census data provider is connected.
Confidential diligence documents for 5853 & 5839 Highway, 3, East Jordan.
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.