Key Investment Insights
1. Beachfront location with stunning ocean views
2. 35 units within the complex, predominantly two-bedroom, self-contained apartments
3. 10 units in the letting pool, with potential for growth
4. Minimal caretaking requirements, can be managed by one person or duo
5. Renovated pool and spa area, BBQ area, direct beach access, and secure underground parking
6. Manager's unit with private outdoor entertainment area, plus option for alternative living arrangements
7. Opportunity for additional income through lock up units and outside agents
8. Close proximity to cafes, restaurants, and Surf Club
9. Net profit of $170,598
10. Enviable beachfront lifestyle.
Management Rights Multiplier: 4.48
ROI Estimate: 22.30%