3936 Svedlund Street

Description

A newly updated, fully renovated, cash flowing multi-family. Sitting on a 1.6 acre in-town lot with an abundance of room to develop or build in a prime location! No item was left untouched with the rehabilitation of this property. Studs-out remodel was completed with all new: wiring, plumbing, windows, sheetrock, flooring, appliances, paint, roof and more! Driveway upgrades were completedthis past fall. 3 units are partially furnished and will stay furnished with purchase. Remodel was done during the period of 2012-2017. New roof in 2017. VERY LOW taxes - only $2,062 a year. Each unit has their own individual subpanel as well as separate plumbing shut off. New blown-in insulation. Building has an unfinished laundry room. A CUP was granted in 2016 to allow for the removal of dry cabins and construct additional buildings. Cabins: There are 4 dry cabins on the lot. 2 cabins are rented at $425 each. Some rehab is needed for the other two prior to leasing. The 6-plex and cabins sit on a 1.6 acre lot in a prime, in-town location. This is a great development lot! Within very close proximity to Pioneer Ave., it provides a great location to build additional rental units or office building(s).With an option to keep the privacy bearing spruce trees or reap the benefit of an incredible ocean and mountain view with some tree removal. You cannot beat this location, lot size, and opportunity!