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 Type(s):
Multi Family
|
Last Updated
|
5/4/2024
|
Tract
|
HOPKINS FITCH GRANT
|
|
Year Built
|
1955
|
Community
|
32117 - Daytona Beach
|
|
County
|
Volusia
|
Additional Details
| AIR |
Central Air, Wall/Window Unit(s) |
| AIR CONDITIONING |
Yes |
| APPLIANCES |
Dishwasher, Dryer, Electric Water Heater, Exhaust Fan, Microwave, Range, Refrigerator, Washer |
| AREA |
32117 - Daytona Beach |
| BASEMENT |
Crawl Space |
| BUYER'S BROKERAGE COMPENSATION |
2.5% |
| CONSTRUCTION |
Block, Stucco |
| EXTERIOR |
Lighting |
| HEAT |
Electric, Exhaust Fan |
| INTERIOR |
Stone Counters |
| LOT |
0.29 acre(s) |
| LOT DESCRIPTION |
Corner Lot, Level, Paved |
| LOT DIMENSIONS |
105x122 |
| SEWER |
Public Sewer |
| SUBDIVISION |
HOPKINS FITCH GRANT |
| TAXES |
2293.95 |
| UTILITIES |
Natural Gas Available, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected |
| WATER |
Public |
| ZONING |
09R5 |
Listing provided by Byron Hebert, 24/7 FLORIDA REALTY, 407-777-2477
The information contained herein has been provided by My Florida Regional MLS DBA Stellar MLS. IDX information is provided exclusively for consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS. Listings last updated 5/18/24 2:02 AM PDT.
This IDX solution is (c) Diverse Solutions 2024.
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