Incredible beach front property drivable distance from Houston, Austin, Dallas and other major cities. *FRACTIONAL OWNERSHIP* The perfect property for investors looking to buy an income producing asset. It's currently being used as a short term rental. Daily rate is $1,600 and is expected to increase. Only 12 shares are being sold at $195,000 per share. Each shareholder gets 4 weeks out of the year which they can rent the property or use it themselves. All rental income produced during shareholders weeks goes directly to them. 4 weeks will be rented out to cover operating expenses. It's currently booked through August 2022. Professionally managed making this a true source of passive income.$100,000 in upgrades to the property after summer to include new carpet, exterior work, installing a slide from balcony to bottom deck, interior touch up and painting, landscape, and maintenance work. That is covered in the share purchase price. Shareholders will own a percent of the actual property.
Agent Name: Kalie Lamb Brokerage: Evolve Real Estate LLC Listing ID: 121762408
3 Days ago | 21st June 2022