340 E Huisache

Welcome to 340 E Huisache located in the coveted historical neighborhood of Monte Vista. This one-of-a-kind triplex (two 2x1, one 1x1) is walking distance to countless restaurants and entertainment options. Additionally, it is easy to self-manage, self-clean, and offers a fantastic investment opportunity through a short, mid, or long-term rental structure. This beautiful property has been meticulously cared for, has great bones, and had a number of upgrades completed over the years with the most recent being a new roof (Feb. '24) and new AC. Additional features include xeriscaped back yard, hot tub, carport, additional storage shed, covered deck, beautiful hard wood floors, abundance of natural light, in-unit laundry, study, and sun-room. The two main units are STR permitted with a true 5 star rating on over 100 reviews and are the gold standard for Airbnb investments. The top unit (2x1, 1,500 sqft) is a well-established and very popular STR that brings back repeat customers year after year and brings in $60k gross per year. The bottom unit (2x1, 1,500 sqft), previously used as personal unit, began STR in November with excellent results so far. With the addition of the efficiency, the estimated annual gross revenue is $120k, with NOI of nearly $75k putting this at an 8% cap rate. Furniture is negotiable. Seller has STR application material for subsequent ownership. Owner financing option available: 20% down, 5 year balloon, 30 year amortization, 5.75% interest, buyer pays for property tax and insurance.