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331 S Palmetto Avenue, Daytona Beach, FL 32114

$775,000
Commercial Property MLS# 1034105 ID: 47933186
$775,000 Get Rates

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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Location Information near 331 S Palmetto Avenue
Offered by Greg Antonich at RE/MAX Signature

Would you like more information regarding this property?
Please call (386) 673-7001.

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Property Features for 331 S Palmetto Avenue
Status
Market Status
Available
Last Updated
May 20, 2018
Description
Property Type
Commercial Property
Year Built
1920

Building Features

  • Cooling System: Window Unit(s) A/C

Exterior Features

  • Exterior Construction: Wood
  • Parking: On Street

Listing Features

  • Property Type: Commercial; Comm-Land & Bldg Incl

Data Provided by Daytona Beach Area Association of Realtors

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More information about this $775,000 Commercial Property at 331 S Palmetto Avenue

This $775,000 Commercial Property at 331 S Palmetto Avenue in Daytona Beach, FL is presented by Greg Antonich. This $775,000 Commercial Property, located in the 32114 zip code, has the following property features: Exterior Construction, Parking, Cooling System, Property Type. This 331 S Palmetto Avenue Commercial Property, located in Volusia County , is listed under MLS listing number 1034105 and has a listing price of $775,000. You can find more DAYTONA BEACH homes for sale here.