Dingbat Tuesday: Belmont Shores & The How To’s of Financing
The Dingbat Tuesday feature is this 5 unit rental property located in Belmont Shore. It was listed in the first half of 2008 for $1,125,000, and never attracted a buyer. There are two 2 bedroom (with fireplaces), one 1 bedroom, and two single units. Located in Belmont Shore just two blocks to the beach, the best feature of this apartment building is the ample parking! According to the last MLS listing, the rents collected are $5,110 monthly. With a 35% down payment, this cute little dingbat could be a money maker. For more information on how to finance a dingbat apartment building, here is a brief article from mortgage broker Brian Brady. Please email evan.gould@homes4hipsters.com if you have any more questions regarding this property or other investment properties.