16 S GRANDVIEW AVE, DAYTONA BEACH, FL, 32118
$499,999
Commercial Sale
|
Living Area
2,972 Sqft
|
Lot Size
5,000 Sqft
|
CASH COW OPPORTUNITY! Located in the heart of all of Daytona's Highest Attractions. You will find a well maintained 6 unit Multi-Family property that could be your next cash flowing machine. 6 Beds 8 Baths. INCOME AT 3,225.00+ PER MONTH EVEN WITH 2 UNITS OWNER OCCUPIED. AND AN OPPORTUNITY TO DOUBLE RENTS IMMEDIATELY. Walking distance to the Main Street Pier and Beach Access. This property is producing a NOI of 24,800.00 per year with plenty of room for easy increases rents have not been increased in years. This prime piece of investment property offers One (1) One Bedroom - Two Bathroom Unit. Three (3) One Bedroom - One Bathroom Units and (3) Three Studios With Bathrooms and Kitchenettes. Optimized For Maximum Rental Income Per Square Foot. 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. House is on ONE SINGLE METER. 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. No leases are in place to allow for new buyer to do renovations and increase rents quickly. 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! Call today to inquire more information.
Property Details
| Property Features | Property Features | |||
|---|---|---|---|---|
| MLS ID: | MFRNS1081584 | Year Built: | 1910 | |
| Basement: | Crawl Space | Construction Materials: | Frame, Wood Siding | |
| Cooling: | Wall/Window Unit(s) | Country: | US | |
| County Or Parish: | Volusia | Foundation Details: | Slab | |
| Listing Agreement: | Exclusive Right To Sell | Listing Terms: | Cash, Conventional, Other | |
| Parking Features: | Parking Spaces - 1 to 5 | Property Condition: | Completed | |
| Property Sub Type: | Multi Family | Property Type: | Commercial Sale | |
| Road Frontage Type: | Access Road, Alley, City Street | Road Surface Type: | Asphalt | |
| Showing Requirements: | 24 Hour Notice, Appointment Only, Call Before Showing, Call Listing Agent, Other, ShowingTime | Special Listing Conditions: | None | |
| Standard Status: | Active | State Or Province: | FL | |
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