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Incredible 12 Unit Daytona Rental Complex



$949,900

FOR SALE

325 8th St.

Daytona Beach, FL

  • Fantastic multi-family income opportunity and professionally managed apartment complex
  • 100% occupied with a current 11.54% Gross ROI.
  • Building is in fantastic condition, with no deferred maintenance.
  • Plenty of parking spots for tenants.
  • 4 Units are 1 bed / 1 baths and 8 units are 2 bed / 1 baths.
  • Close proximity to Halifax River and Centennial Park, and 6 minute drive to Daytona Beach.
  • This property operated at a solid gross and CAP rate.
  • 7 updated units with new kitchens, vanities, doors, lighting fixtures, and tile. 10 units are tile throughout while 2 have a mixture of tile and carpet.

Documents

 

  • Sale Comps $1M - $1.1M
  • Rental Comps $8,500 - $9,000
  • Property Type Commercial
  • Location Daytona Beach, FL
  • Size 8648 sq. ft.
  • Bedrooms 20
  • Bathrooms 12
  • TAV 519.1K
  • Annual Taxes $10,678
  • Year Built 1973

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