25 Bennett Avenue

Description

Extremely rare opportunity to own an 8 unit apartment in the highly sought after coastal community of Belmont Shore. The Belmont Shore lifestyle offers exceptional recreation and life-style opportunities. You can walk to 2nd Street for shopping and restaurants or the beach. This equates to a strong rental market. This property has 7 one bedroom/one bath units and 1 Studio/1 bath unit. It also has 6 coveted off-street parking spaces behind the property. Actual rents total $15,003 per month which equals a 14.4 GRM. Potential rents based on the average RentOmeter analysis equals $16,495 per month, for a 13.1 GRM. This could be a potential 10% increase over current rents.

Listing information courtesy of: W. Kurt Wood, Belmont Brokerage & Mgmt. INC. 562-437-3581. *Based on information from the Association of REALTORS/Multiple Listing as of 10/20/2024 and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.