Fairview Ave, Daytona Beach FL 32114

Bed: 3    Bath: 3    Sqft: 1588

ARV: $150k    Repairs: $20k-$30k   Rent: $1,200/mo (Current) / $2,100 (Market)

$99,000+cc     

A great off market cash cow multi-family located in the heart of Daytona Beach! This property sits as a triplex and consists of three 1/1 units. Two units located in the bottom floor and one on the second floor. This corner lot property sits on a sizable .27-acre lot and has a large backyard area, nice sized bedrooms and living room area. Don’t miss out on this perfect investment opportunity! For the exterior, an area of the siding needs to be repaired. A roof patch may be needed in unit 3. Unit 1, 2 and 3 need ceiling, drywall and floor repairs in some areas. If units are/become vacant, it is recommended to update all kitchens and bathrooms to boost rental income. Buyer agrees to assume property with current occupants. Tenant estoppel or lease will be provided prior to closing. Separate meters. Tenants are month to month. Zoning is for 10 units or less. 1/1 Unit- Vacant. 1/1 Unit 2- Rent $500 Security $300. 1/1 Unit 3- Rent $700

Comps:

  • 118 MULLALLY ST FRAME LLC BOUGHT ALL CASH $160,000 4plex
  • 208 FAIRVIEW AVE 2/1 2741sqft SOLD LLC 1/11/18 FOR 120,000 ALL CASH

For additional photos Click Here

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

w

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.