331 S Palmetto Avenue , Daytona Beach FL 32114 US

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 ...

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Realty Executives Oceanside (Flagler Beach)
712 S Ocean Shore Blvd
Flagler Beach, FL, US 32136
386-439-1620

Active

331 S Palmetto Avenue
Daytona Beach FL 32114 US

#1034105

Courtesy of: Greg Antonich, RE/MAX Signature

$775,000

331 S Palmetto Avenue 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.

  • Facts
  • Built in: 1920
  • Property Type: Commercial
  • Property Sub-type: Other
  • Features
  • Cooling System: Window Unit(s) A/C
  • Exterior Finish: Wood
  • Parking Type: On Street
  • Roof Type: Unknown
  • Neighborhood
  • Daytona Beville to ISB
  • E of 95
Listing Changed: 3/21/2018 3:08:49 PM GMT
Source Updated Date: 5/25/2018 3:26:47 AM GMT

Courtesy of: Greg Antonich, RE/MAX Signature

Listing Source - ListHub

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