Description
This sale includes a six unit portfolio of short-term rental townhome units in the Alloy 10/10 development on Technology Hill, just two miles south of Downtown, & 2/3 mile from Geodis Park. Units included in this purchase are 374-3 Herron Dr., 374-8 Herron Dr., 374-9 Herron Dr., 374-10 Herron Dr., 374-11 Herron Dr. & 376-5 Herron Dr., which is 30% of the 20 STR units here. All are being sold together only. Buyer has option to purchase the LLC that makes up the six units, so existing STR permits & short-term rental marketing channels like Airbnb, VRBO & Booking, and their years-long review history can transfer to the buyer with this purchase. Totals for this portfolio purchase are 11BR, 11BA and 7,315sf. 8% gross yield at current rent revenues & a lot of value-add room for the buyer to bring the it to over 10%. Since these are six active STR units, there will be no interior showings until an offer is accepted. Please write up offers to include a walkthrough contingency.
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11BEDS
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0.02ACRES
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11BATHS
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01/2 BATHS
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7,315SQFT
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$458$/SQFT
School Information
Description
This sale includes a six unit portfolio of short-term rental townhome units in the Alloy 10/10 development on Technology Hill, just two miles south of Downtown, & 2/3 mile from Geodis Park. Units included in this purchase are 374-3 Herron Dr., 374-8 Herron Dr., 374-9 Herron Dr., 374-10 Herron Dr., 374-11 Herron Dr. & 376-5 Herron Dr., which is 30% of the 20 STR units here. All are being sold together only. Buyer has option to purchase the LLC that makes up the six units, so existing STR permits & short-term rental marketing channels like Airbnb, VRBO & Booking, and their years-long review history can transfer to the buyer with this purchase. Totals for this portfolio purchase are 11BR, 11BA and 7,315sf. 8% gross yield at current rent revenues & a lot of value-add room for the buyer to bring the it to over 10%. Since these are six active STR units, there will be no interior showings until an offer is accepted. Please write up offers to include a walkthrough contingency.
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