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Offering the perfect opportunity to expand your investment portfolio, get started with an owner occupied triplex or purchase as your single family home with wonderful in-law apartment options. The main house offers 3 bedrooms and has been beautifully remodeled to include high end features. These owner occupied sellers love walking out onto the huge deck or enjoying coffee on the balcony. They also took advantage of the close walk to the public lake access! The tenants have full access to the wrap around covered porch. This 5 bedroom home is listed with the town as 6 bedrooms – the upstairs apartment is easily changed to a 2 bedroom for added rental opportunity. All this along with the fantastic yard and great parking, puts together a fabulous investment package. It is time to own a piece of the islands.
Property Location
181 East Shore South Grand Isle
Property Details
Sold Price $395,000
Sold Date Oct 1st, 2019
List Price 395,000
Bedrooms 5
Garage Size Car
Cooperation Fee Unknown
Total Bathrooms 4
Year Built 2001
MLS# 4750448
Lot Size 0.56 Acres
Taxes $4,765
Type Multi-Family
Days on Market 2023 Days
Tax Year 2018
Units 3
Stories 2
Road Frontage 198
Annual Income $43,500
Style Multi-Family
Water Frontage
Annual Expenses $14,573
Finished 3,586 Sqft
Construction No, Existing
Zoning Residential/Commercial
Above Grade 3,586 Sqft
Seasonal No
Total Rooms 5
Below Grade 0 Sqft
List Date May 9th, 2019
Gross Income $43,500
Operating Expenses $14,573
Net Income $28,927
Expenses Includes
Unit 1 3 Beds, 2 Baths, $0/Mo
Unit 2 1 Beds, 1 Baths, $1,100/Monthly
Unit 3 1 Beds, 1 Baths, $725/Monthly
ConstructionWood Frame
BasementWalk-up, Bulkhead
Interior Features
Exterior Features
Exterior Vinyl
Disability Features
Foundation Stone
House Color White
Floors Vinyl, Carpet, Tile, Hardwood
Building Certifications
Roof Shingle-Asphalt
HERS Index
DirectionsInterstate 89 to Exit 17 towards the islands. Approximately 13 miles, right turn onto East Shore South. House on right.
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