Here is a rare opportunity with an attractive price point. This unit is an ocean front studio with 385 square feet, an end unit, on the 5th floor, with a private beach balcony. The building has a new roof and the pool is set to open in Dec. 2024. The low HOA dues are only $425 per month and include water, electric, Wi-Fi, and cable, the HVAC unit was recently serviced, and all assessments are paid. 

We recommend replacing the flooring, painting the interior, and updating the shower to receive top dollar.

This unit allows for STR with a nightly rental rate of $138 with a 55% occupancy rate, according to Air DNA. You can also market long-term rentals. In addition, this can be an easy fix and flip. With so many exit strategies, this deal is attractive to all levels of investors.