Description
7.62% Cap as of 3/1/23. 7 units total, 1 commercial store front unit and 6 apartment units. Adjoining commercial lot to the east of the building is included in the sale. Parcel #523836090040. All of the units have recently been renovated with new kitchen cabinets, countertops, new tile in bathrooms, new paint inside and out, new roofs on both buildings, upgraded electrical, new windows, and much more. Both buildings are concrete block construction, with cast concrete floors between first and second floors. All apartment units have window units for AC and baseboard electric heat. Store front unit has a mini split HVAC system. Building is 100% occupied and has the potential for increased rents with parking lot improvements. 622sqft garage is currently used for the owner's storageand maintenance, room this could be rented for additional income. Building is in great shape and is a wonderful opportunity for an investor looking for a turnkey income producing building. There is also a potential to build more multi family units on the included vacant lot per the seller with the purchase of one additional vacant lot that adjoins the property.
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10BEDS
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0.3ACRES
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0BATHS
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01/2 BATHS
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3,670SQFT
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$195$/SQFT
School Ratings & Info
Description
7.62% Cap as of 3/1/23. 7 units total, 1 commercial store front unit and 6 apartment units. Adjoining commercial lot to the east of the building is included in the sale. Parcel #523836090040. All of the units have recently been renovated with new kitchen cabinets, countertops, new tile in bathrooms, new paint inside and out, new roofs on both buildings, upgraded electrical, new windows, and much more. Both buildings are concrete block construction, with cast concrete floors between first and second floors. All apartment units have window units for AC and baseboard electric heat. Store front unit has a mini split HVAC system. Building is 100% occupied and has the potential for increased rents with parking lot improvements. 622sqft garage is currently used for the owner's storageand maintenance, room this could be rented for additional income. Building is in great shape and is a wonderful opportunity for an investor looking for a turnkey income producing building. There is also a potential to build more multi family units on the included vacant lot per the seller with the purchase of one additional vacant lot that adjoins the property.
© 2023 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 | Realty Pros Assured. Data last updated: 2023-12-04T00:36:12.58.