Comm-Land & Bldg Incl - Daytona Beach, FL
Long standing fully operational Daytona apartment house. The 40 room property has weekly and monthly rentals. Excellent steady income. Manager on site. Quality downtown location across from City Hall and close to the bus route. The main/front building has a new roof. There There are 27 standard rooms, 5 rooms with kitchenette, and 8 efficiency's with baths. There are 5 common baths. The current trending NOI for 2017 should produce about a 14% CAP rate. The price includes the exterior renovation of the building including all new windows, insulation, hardi-board siding, new paint, and new roof on lower section. Approximately half of the tenants have been there for over six months. This is an investment opportunity to earn a significant ROI! See attached renovation plans.
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Please call (386) 673-7001.
Data Provided by Daytona Beach Area Association of RealtorsMore Information for this listing