Opportunity to acquire 18 units value add in a 39 unit building under 150 per sq.


Property

Website: https://www.nestseekers.com/5507041
Address:
Daytona Beach, FL 32118
Ownership: For Sale
Type: Multi-Family
Lot Size: 1.4 Acres

Financials

Price:$2,350,000
Annual Taxes:$23,293.13
Common charges:$7,494

Description

Opportunity to acquire 18 units value-add in a 39-unit building under $150 per sq.ft. Currently at 6% cap with substantial upside. Waterfront property with immediate access to premier beaches and a private boat dock. All units are 2BR 1BA with central AC. New roofs - replaced in 2019. Concrete block product throughout. Situated in the heart of Daytona Beach, this property provides easy access to local attractions, dining establishments, shopping destinations and hospitals. Daytona Beach with its International Airport and vibrant atmosphere is a bustling city with year-round festivals and events, notably the iconic Daytona 500 NASCAR race.

Amenities

  • Fire Alarm
  • Sewer Connected

Contact

888 Biscayne Blvd # Unit CU9 Miami, FL 33132
Listing Courtesy of FPB Investment Properties, Inc

Daytona Beach FL 32118 USA