$925,000 for Sale
346 clifton avenue, daytona beach, FL 32117
| Beds 14 | Baths 7 | 4,801 Sqft | 0.29 Acres |
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1 of 100 |
Property Description
Fantastic turkey investment property package of 3 properties, within 5 minutes of each other, 100% occupied with 16 tenants producing $14,175.00 gross monthly income listed at an unheard of 10.3% cap rate based on 2024 financials so far this year. Estimated 2024 NOI $95,942.87. 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.
General Information
Sale Price: $925,000
Price/SqFt: $193
Status: Active
MLS#: O6202329
City: daytona beach
Post Office: daytona beach
County: Volusia
Subdivision: hopkins fitch grant
Acres: 0.29
Lot Dimensions: 105 x 122
Bedrooms:14
Bathrooms:7
House Size: 4,801 sq.ft.
Acreage: 0.29 est.
Year Built: 1955
Property Type: Multi Family
Style:
Features & Room Sizes
Paved Road: Paved, Asphalt
Garage: No
Construction: Block, Stucco
Exterior Misc: Lighting
Basement: No
Foundation : Crawlspace, Slab
Appliances: Dishwasher, Dryer, Electric Water Heater, Exhaust Fan, Microwave, Range, Refrigerator, Washer
Cooling: Central Air, Wall/Window Unit(s)
Heating: Electric, Exhaust Fan
Waste: Public Sewer
Watersource: Public
Tax, Fees & Legal
Est. Summer Taxes: $0
Est. Winter Taxes: $2,294
Legal Description: N 105 FT OF S 623 FT OF E 131 1/2 FT OF W 526 FT OF LOT 5 HOPKINS MAP FITCH GRANT PER D/C 6205 PG 4676 PER OR 6259 PG 1381 PER OR 7141 PG 2985 PER OR 7736 PG 0750
Information provided by My Florida Regional MLS DBA Stellar MLS, Copyright 2024
All information provided is deemed reliable but is not guaranteed and should be independently verified. Participants are required to indicate on their websites that the information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing By: Byron Hebert of 24/7 FLORIDA REALTY, Phone: 407-777-2477
