16 S GRANDVIEW AVENUE DAYTONA BEACH FL 32118 MLS #NS1081584

16 S GRANDVIEW AVENUE
DAYTONA BEACH, FL, 32118
$499,999
Beds
0 Baths
2,972 SqFt
0.11 Acres
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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
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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

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