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    3738 S Atlantic Avenue

    Daytona Beach Shores, FL 32118
    • $1,500,000
    • STATUS: Active Under Contract
    • ON SITE: 54 days
    • MLS #: 1074002
    Under Contract
    UPDATED: 25 min ago
    $1,500,000
    • 19
      BEDS
    • 0.47
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 6,696
      SQFT
    • $224
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1954
    County:

    School Ratings & Info

    Description

    This 19 Unit Concrete Block Multi Family property is located in the highly sought after Daytona Beach Shores. This cash flowing property is directly across the street from the beautiful Atlantic Ocean with a direct beach walkway from the property to the beach! Almost every unit features beautiful Ocean & Intracoastal views without the tenant even having to go outside. Most every unit has been fully renovated - with new flooring, new appliances, new kitchens, interior and exterior paint and light fixtures have been added as well. Onsite fenced in pool for the tenants privacy and enjoyment. Each unit brings in an average of $1,000 per month for a true 8% + cap rate with opportunity for value add. The area is booming with new business and new projects do not miss out on this opportunity!12 of the units feature kitchenettes and have the ability to be converted to either a 2 bedroom unit and/or all units could feature a kitchenette with some slight modifications. The property is a short stones throw away from the beach and $500,000+ Oceanfront Condo Units; $1M+ Riverfront Homes; a Brand New Oceanfront Condo Development that will be completed this year called the "Aruba Condominiums." This 19 Unit income producing property is also just 3 doors down from the Sunglow Pier with the famous Crabby Joes restaurant sitting on it, and is just a 5-10 minute ride to Ponce Inlet and the famous Ponce Inlet Lighthouse.

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    © 2020 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 | RE/MAX Signature. Data last updated: 2020-09-27T08:26:31.807.
    www.cookgroupdaytona.com/homes/108506585
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    3738 S Atlantic Avenue Daytona Beach Shores, FL 32118

    • Price: $1,500,000
    • Status: Active Under Contract
    • Updated: 25 min ago
    • MLS #: 1074002
    19
    Beds
    0
    Baths
    0
    ½ Baths
    0.47
    Acres
    6,696
    SQFT
    $224
    $/SQFT
    1954
    Built
    Neighborhood:
    Atlantic Shores
    County:
    Volusia
    Area:
    S Dunlawton to N Ponce Inlet
    Property Description
    This 19 Unit Concrete Block Multi Family property is located in the highly sought after Daytona Beach Shores. This cash flowing property is directly across the street from the beautiful Atlantic Ocean with a direct beach walkway from the property to the beach! Almost every unit features beautiful Ocean & Intracoastal views without the tenant even having to go outside. Most every unit has been fully renovated - with new flooring, new appliances, new kitchens, interior and exterior paint and light fixtures have been added as well. Onsite fenced in pool for the tenants privacy and enjoyment. Each unit brings in an average of $1,000 per month for a true 8% + cap rate with opportunity for value add. The area is booming with new business and new projects do not miss out on this opportunity!12 of the units feature kitchenettes and have the ability to be converted to either a 2 bedroom unit and/or all units could feature a kitchenette with some slight modifications. The property is a short stones throw away from the beach and $500,000+ Oceanfront Condo Units; $1M+ Riverfront Homes; a Brand New Oceanfront Condo Development that will be completed this year called the "Aruba Condominiums." This 19 Unit income producing property is also just 3 doors down from the Sunglow Pier with the famous Crabby Joes restaurant sitting on it, and is just a 5-10 minute ride to Ponce Inlet and the famous Ponce Inlet Lighthouse.
    Exterior Features

    Building Type Apartment BuildingStand Alone Construction Concrete Block Outside Balcony/DeckingCurb/SidewalksRv/Boat Parking Parking GuestOff StreetParking Lot Pool Inground Private Road Frontage 100 Roof Rolled Waterfront Ocean ViewRiver View

    Interior Features

    Air Conditioning Wall/Window Units Appliances MicrowaveRangeRefrigerator Inside Cable TvCeiling FansCoin-OpCommon LaundryEat-In KitchenHandicap AccessSmoke Detector Sq Ft Total 6696.00

    Property Features

    As Is Condition Yes Depth 205 Electric Meters 19 Financial Package Yes Franchise Opt In Yes Gross Monthly Rent 19000.00 Homestead Exempt No Maint Fee 0.00 Maint Fee Paid N/A Owner Pays Cable TvElectricInsurance ExteriorLawn CareMaintenance ExteriorReal Estate TaxesWater Sewer Public Sewer Special Conditions None Sq Ft Source Property Appraiser Style 5+ Units Tax Year 2019 Taxes 18135.00 Total Annual Rent 228000.00 Water City Water Meters 1 Zoning Multi-Family

    Listing courtesy of Mike Bretzel of Keller Williams Realty Florida Partners.


    © 2020 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 | RE/MAX Signature. Data last updated: 2020-09-27T08:26:31.807.
     
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    Cook Group Luxury Real Estate | RE/MAX Signature
    3340 S. Atlantic Avenue
    Daytona Beach Shores FL, 32118