2272 Acadie Road, Cappele

WATERVIEW Income property near the ocean with four rental units and strong potential for both long-term and short-term rentals. Quick closing available. Property features a new roof (2023), updated electrical (1996), enclosed outdoor common sunroom, shared laundry for unit 1&2 and 3&4, large yard space, and a right-of-way to a private beach. (Photos show the enclosed common sunroom/four-season space with large windows and a tiled/linoleum floor, and a shared laundry area with two machines, upper cabinets and counter/storage space.) Both buildings are separately metered with only two meters on site. Unit 1 rents for $1,600/month and offers 4 bedrooms, 1.5 baths, dining and living rooms, full kitchen, and shared laundry access via a 2-car garage. (Interior photos show Unit 1’s living area with built-in wall cabinetry and shelving, vinyl/linoleum floors, a defined dining area adjacent to a staircase, and original-era trim and finishes.) Unit 2 rents for $800/month with 1 bedroom, kitchen/living combo, 3-pc bath, and garage access. (Unit 2 images reveal a compact galley-style kitchen/living combo with white appliances, upper and lower cabinetry, and curtained doorways.) Unit 3 will be vacant on closing(owner occupied); it includes 1 bedroom with ensuite, additional 2-pc bath, kitchen, dining room, and four-season insulated sunroom. (Photos show the insulated sunroom with multiple windows, and interiors with wood paneling; the ensuite and additional bath include modest fixtures such as a pedestal sink. NOTE: Unit 3 has been smoked in.) Unit 4 rents for $1,000/month, will be vacant on closing, and was recently renovated; it offers 1 bedroom plus den, kitchen, living room, and 3-pc bath. (The recently renovated Unit 4 photos display refreshed, neutral finishes in the living area and updated built-in storage/cabinetry.) Rents are all-inclusive with baseboard electric heat. Tenants are month-to-month and main building tenants wish to stay. Unit 3 has been smoked in. Strong upside potential through rental increases, short-term rental conversion, or continued long-term tenancies. (Some photos show tenant belongings/clutter in places, indicating current occupancy; many interior finishes are vintage wood paneling, built-in cabinetry and original-era flooring, so there is clear opportunity for cosmetic updates to increase rents or transition to short-term rentals.) (id:1945)