516 Alder St
Offered at: $784,900
MLS®: 994778
South Alder large 5 bedroom 4 bathroom Revenue producing property. Investor alert. This large family home has been operated as a successful air bnb and produced strong income flow. Currently set up to rent 3 bedrooms up and shared living/cooking area with potential income of $1000 per month per bedroom. The large living/dining area has vaulted ceilings and large windows to soak in the ocean and mountain views. Downstairs are 2 additional suites. A 2 bedroom in law suite plus a studio style in law suite. Revenue of approximately $3000 monthly. Both suites have separate entrances and own laundry rooms. Many possibilities with this unique home. Live upstairs and have 2 revenue suites below. Great ocean views from the upstairs deck, the backyard is landscaped with a good sized vegetable garden and storage shed. Solar panels on the roof help with consumption charges. Lots of outside parking close to schools and on a bus route.Considering a strong revenue producing property. Look no further
Quick Stats
Key Home Data
4
BATH(S)
5
BED(S)
SQFT
YES
SHOWING AVAILABLE
Property Type:
Residential Home Ownership:
Freehold
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