706, 708, 800 Navidad

Attention investors! $182,000 Annual NOI. 10% cap rate. This is a turn key investment close to campus that can be fully leased by the seller or managed by him. 10 of the 12 units are airbnbs. There is on-site staff and maintenance who has been there for 10 years and can help do basic repairs around the property. He pays $800/month and usually cooks for the airbnb guests. Annual revenue is $210,000. 92% occupancy. In-house management and maintenance. The property is close to Legend Event Center and only a 5 minute drive to the vet school. Seller is a licensed real estate agent. He can stay on as an airbnb manager or lease it back to the buyer at $1,200/month for 11 of the units. Willing to do creative finance or carry some if needed.