This well-maintained multifamily offering at 4204 N Ocean Dr presents a rare opportunity to acquire a turnkey, low-rise asset in a highly desirable coastal market. The 2,538 square foot building consists of four units and was originally constructed in 1966, with significant renovations completed in 2024. Zoned RM-25 and situated on a 0.25-acre lot, the property offers both immediate income generation and long-term flexibility, appealing to investors seeking stability with potential future upside. The property is currently operated as short-term rentals and demonstrates strong in-place performance, with average daily rates of approximately $150 for one-bedroom units and $200 for the two-bedroom unit. Clear revenue growth potential exists through optimized pricing and professional management, with estimated upside of approximately 17% for one-bedroom units and 12.5% for the two-bedroom unit. Updated interiors feature modern appliances and contemporary finishes designed to meet current short-term rental guest expectations and support premium positioning. Capital improvements have been thoughtfully addressed, minimizing near-term expenditures for a new owner. Units 3 and 4 have been fully renovated, the exterior has been recently repainted, and a new roof was installed in 2024. Combined with its efficient unit mix, proven operating history, and favorable zoning, the property represents a compelling opportunity to acquire a high-performing coastal multifamily asset with both immediate cash flow and long-term investment appeal.