HUGE OPPORTUNITY! Located in the heart of all of Daytona’s Highest Attractions. You will find a well maintained 7 unit Multi-Family property that could be your next cash cow. Walking distance to the Main Street Pier and Beach Access. With a 70% occupancy rate this property is still producing a NOI of $22,0000 per year with plenty of room for easy increases. This prime piece of investment property offers Three (3) One Bedroom – One Bathroom Units and Four Studios With Bathrooms and Kitchenettes. Optimized For Maximum Rental Income. A truly turnkey property that has plenty of income potential that has yet to be tapped into. Not In A Flood Zone And Did Great With The Hurricanes. 2018 Updated Roof. Each Unit Is Air Conditioned Via Window Unit. A Pre-Listing Inspection Has Been Performed Without Any Major Repairs Needed. Solid electrical and plumbing. Invest into a growing Area In Florida. Long term tenants are in place and have been in place for multiple years. Owner occupies two units and will be an opportunity for instant income increase. Monthly leases are in place for maximum flexibility for the new owner to do any wanted renovations. However tenants are in place now for instant return on investment.This is the multi family property you’ve been waiting to acquire to your investment portfolio! 70K Per Door. Call today to inquire more information.
Property Details
Price:
$499,999
MLS #:
NS1081584
Status:
Active
Beds:
0
Baths:
0
Address:
16 S GRANDVIEW AVENUE
Type:
Commercial
Subtype:
Multi Family
Subdivision:
ROGERS SEABREEZE
City:
DAYTONA BEACH
Listed Date:
May 20, 2024
State:
FL
Finished Sq Ft:
2,972
ZIP:
32118
Lot Size:
5,000 sqft / 0.11 acres (approx)
Year Built:
1910
Schools
Interior
Cooling
Wall/ Window Unit(s)
Exterior
Construction Materials
Wood Frame, Wood Siding
Parking Features
1 to 5 Spaces
Financial
Buyer Agent Compensation
2.5%%
Tax Year
2023
Taxes
$4,278
Map
Community
- Address16 S GRANDVIEW AVENUE DAYTONA BEACH FL
- CityDAYTONA BEACH
- CountyVolusia
- Zip Code32118
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Courtesy of LPT REALTY. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the Stellar MLS. Detailed information about real estate listings held by brokerage firms other than CENTURY 21 Carioti include the name of the listing broker. Neither the listing company nor CENTURY 21 Carioti shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. Stellar MLS. All rights reserved.
16 S GRANDVIEW AVENUE
DAYTONA BEACH, FL
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