This double lot is 75' deep and boasts 140' of water frontage.  Good deep water access would allow for a nice boat slip.  A wooden retaining wall is in place and the lot has been backfilled and raised above the surrounding area.  There are three partially completed buildings on the property with the main house livable and rented out. 

The main building is one or two bedrooms with a large master bath and a partial bath in the second bedroom.  The second building is an efficiency apartment and just needs the bath completed to be ready for occupancy.  The third building when complete will have three separate one bedroom apartments. 

It will require less than $20,000 to complete all of the necessary construction to have 6 rentable apartments, each with separate meters and basic furnishings.

The owner is highly motivated and will accept cash offers. 

The four single rooms will rent for $1,083.33 per month.

The double room house will rent for $400.00 per month.

Total expected monthly income of $1,483.33 per month.

Return on investment will easily exceed 11% per annum plus appreciation