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The home can be rented to long or short term tenants. Weekly rental on the beach normally produces $1500 - 2000 per week. There are several professional property rental management firms for out of area owners. I can provide interested investors with manager information upon request.
Since the home was originally built as a legal duplex, a 1st floor living quarter for separate rental income is an easy, and inexpensive conversion. The drain and water supply lines are capped behind the sheetrock for the sink. Also, the electrical wires for the electric range/oven is disconnected from the beaker box, but easily accessible behind the sheetrock. By installing low cost cabinets, counter top, and appliances, the living quarters will comply with all necessary regulations.
Long term rental by a tenant who agrees to perform simple weed control and property maintenance, increases absentee owner security, plus produces income to pay taxes, insurance, etc.
CLICK ON THE FLOORPLAN BELOW FOR
SAMPLE OF 1ST FLOOR CONVERSION.
