201 Shady Pl, Daytona Beach, FL 32114, USA Pending

  • $420,000
  • 12 beds
  • 8 baths
Pending
201 Shady Pl, Daytona Beach, FL 32114, USA

A great off market cash cow multi-family located in an excellent area of Daytona Beach! This apartment building sits just minutes from the beach, downtown area and airport! It consists of 8 rental units: Four (2/1) units and four (1/1) units, totaling 12 bedrooms and 8 bathrooms. This property includes parking spot, tile flooring and central AC for all units. The roof was recently replaced this year of 2018 and a storage room is available. With minor rehab, this investment will make the perfect income producing property! All units are in overall good rental condition and only minor cosmetic updates are needed. Unit 3, 5 & 8 need AC maintenance. The closet doors in unit 4 need minor repairs. Interior paint is recommended in some vacant units. No interior access was granted in unit 2 & 6, but they are presumed to be in similar condition to the other units. Doing mild updates in a few kitchens and bathrooms is recommended to boost rental income. Important Details / Seller Notes 8 plex. $3,900 per month in rent. All on lease. Central AC and separate meters in good condition. AVG RENTS for AREA: 1b units: 650 each= 2,600 2b units:800 each=3,200……. total: 5,800
21 ACRES BUILT IN: 1973
TAXES: 2017:$5,443 $15K OF REHAB
RENTAL COMPS:$3,900-$5,800
R.O.I: 9% ROE: 9%
CLOSING COST $10,000 *ESTIMATE*
EQUITY:$35K

Price:
$420,000
Address:
201 Shady Pl
Daytona Beach, Fl 32114
Lot Size:
6,362
Bedrooms:
12
Bathrooms:
8
Terms:
For Sale
Property Type:
Commercial
Year Built:
1973
Const. Type:
CBS

Call (954) 998-3366 for more details

Property Location