346 CLIFTON AVENUE DAYTONA BEACH FL 32117 MLS #O6202329

346 CLIFTON AVENUE
DAYTONA BEACH, FL, 32117
$925,000
14 Beds
7 Baths
4,801 SqFt
0.29 Acres
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Fantastic turkey investment property package of 3 properties, within 5 minutes of each other, 100% occupied with 16 tenants producing $14,077.00 gross monthly income listed at an 8.5% cap rate based on actual 2023 financials. An unheard of 9% cap rate based on 2024 financials so far this year. You may have heard the term house hack or PadSplit, these are fully furnished rentals, rented out individually by the room. All furnishings are included in the sale, and 45 days of management training included. The current owners have been doing this business model since 2011. It’s 100% turnkey, tenants are all on month by month leases for flexibility, however on average most tenants stay 12-18 months, some even longer All of the properties are in great shape and have no deferred maintenance. Properties included in the sale: Property #1: 6 bedroom 2 bath house, Property #2: 4 bedroom 1 bath house and detached studio apartment with full kitchen and bath. Property #3: 4 bedroom 2 bath house and attached studio apartment with full kitchen and bath. Full financials, property list, and additional details with signed non-disclosure agreements. A licensed Florida Real Estate Agent owns legal interest in the property.

Property Details

Price:
$925,000
MLS #:
O6202329
Status:
Active
Beds:
14
Baths:
7
Address:
346 CLIFTON AVENUE
Type:
Multi Family
Subdivision:
HOPKINS FITCH GRANT
City:
DAYTONA BEACH
Listed Date:
May 4, 2024
State:
FL
Finished Sq Ft:
4,801
ZIP:
32117
Lot Size:
12,810 sqft / 0.29 acres (approx)
Year Built:
1955
Units:
5
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Schools

Interior

Appliances
Dishwasher, Dryer, Electric Water Heater, Exhaust Fan, Microwave, Range, Refrigerator, Washer
Cooling
Central Air, Wall/ Window Unit(s)
Flooring
Carpet, Luxury Vinyl, Tile
Heating
Electric, Exhaust Fan
Laundry Features
Common Area

Exterior

Construction Materials
Block, Stucco
Exterior Features
Lighting
Roof
Metal, Shingle

Financial

Buyer Agent Compensation
2.5%%
Tax Year
2023
Taxes
$2,294

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Community

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346 CLIFTON AVENUE
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