Gross Rent Must at under 12!!! Cap Rate over 5.5!! With additional upside. This is your opportunity. Beach investments like this rarely come available! Each unit has one parking space, recently updated, patios and shared area on on the waters edge - this is what renters and vacationers want. Great for first time investor, live in one rent other three out. Income has increased YoY. Recent capital improvement of over $600k with new sea wall. Think bigger and develop further for bigger returns.