325 8th Street

    Holly Hill, FL 32117
    • $925,000
    • STATUS: Active Under Contract
    • ON SITE: 98 days
    • MLS #: 1059691
    Under Contract
    $925,000
    • 20
      BEDS
    • 0.32
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 9,792
      SQFT
    • $94
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1973
    County:

    School Ratings & Info

    Description

    Excellent stabilized investment property. Professionally managed apartment building with historically 100% occupancy. Building is in excellent shape and has no deferred maintenance, 7 of the 12 units have been updated with new kitchens, vanities, doors, lighting fixtures and tile. Building is concrete block construction with shingle pitched roof, which is ideal for holding this building long term. 10 of the 12 units have all tile floors, 2 have a mix of tile and carpet. 8 units are 2 bed 1 bath units with a nice open kitchen living room concept. 4 units are 1 bed 1 bath units, that also feature a nice floor plan. Plenty of parking spots for the tenants. Building is located near public transportation and an ideal location near many sources of employment. Building is approximately 1600 feetfeet from the Halifax River, 6 minutes to the beach. The Daytona Beach area is home to numerous colleges and flight schools, all of which are in close proximity to this building, which provides for an increased number of potential tenants. Additional details and financials can be released with signed non-disclosure agreement.

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    © 2019 Daytona Beach Area Association of Realtors®, Inc.All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Cook Group Luxury Real Estate. Data last updated: 2019-10-15T00:25:32.593.
    www.cookgroupdaytona.com/homes/96665485

    325 8th Street Holly Hill, FL 32117

    • Price: $925,000
    • Status: Active Under Contract
    • MLS #: 1059691
    20
    Beds
    0
    Baths
    0
    ½ Baths
    0.32
    Acres
    9,792
    SQFT
    $94
    $/SQFT
    1973
    Built
    Neighborhood:
    Pine Crest
    County:
    Volusia
    Area:
    Mason to LPGA E of 95
    Property Description
    Excellent stabilized investment property. Professionally managed apartment building with historically 100% occupancy. Building is in excellent shape and has no deferred maintenance, 7 of the 12 units have been updated with new kitchens, vanities, doors, lighting fixtures and tile. Building is concrete block construction with shingle pitched roof, which is ideal for holding this building long term. 10 of the 12 units have all tile floors, 2 have a mix of tile and carpet. 8 units are 2 bed 1 bath units with a nice open kitchen living room concept. 4 units are 1 bed 1 bath units, that also feature a nice floor plan. Plenty of parking spots for the tenants. Building is located near public transportation and an ideal location near many sources of employment. Building is approximately 1600 feetfeet from the Halifax River, 6 minutes to the beach. The Daytona Beach area is home to numerous colleges and flight schools, all of which are in close proximity to this building, which provides for an increased number of potential tenants. Additional details and financials can be released with signed non-disclosure agreement.
    Exterior Features

    Building Type Apartment Building Construction Concrete Block Land Type Corner Lot Outside Curb/Sidewalks Parking Off StreetParking Lot Parking Spaces 14 Road Frontage 116 Roof Composition Shingle

    Interior Features

    Air Conditioning CentralMultiple Units Appliances RangeRefrigerator Heating CentralElectric Inside Cable TvSmoke Detector Sq Ft Total 8648.00

    Property Features

    Annual NOI 74517.00 As Is Condition Yes Depth 119 Electric Meters 13 Financial Package Yes Franchise Opt In Yes Gross Monthly Rent 9215.00 Homestead Exempt No Maint Fee 0.00 Maint Fee Paid N/A New Builder Home No Owner Pays Insurance ExteriorInsurance InteriorLawn CareMaintenance ExteriorManagement FeesReal Estate TaxesTrash RemovalWater Property Name Cambridge Court Apts Sewer Public Sewer Special Conditions None Special Contingency No Sq Ft Source Property Appraiser Style 5+ Units Tax Year 2018 Taxes 11121.00 Tenant Pays Cable TvElectric Total Annual Rent 110580.00 Utilities On Site 200 Amp208/220 Volt Svc. Water City Water Meters 1 Zoning Multi-Family

    Listing courtesy of Byron Hebert of 24/7 Florida Realty.


    © 2019 Daytona Beach Area Association of Realtors®, Inc.All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Cook Group Luxury Real Estate. Data last updated: 2019-10-15T00:25:32.593.
     
    Cook Group Luxury Real Estate
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    Daytona Beach Shores FL, 32118