16 Units – S Ridgewood Ave,Daytona Beach, FL, 32114

Beds: 18    Bath: 16    SqFt: 9,330

ARV: $1,350,000    Repairs: $40k-$80k

NOI: $100,048 (2018)   Proforma: $127,420

$1,000,000 +cc  Assignable

For additional photos Click Here

Daytona Beach Multi-Family Cash Flow Opportunity. Come quick and check out these 4 two story buildings that offer 16 total rentable units with 14 – 1/1 units and 2 – 2/1 units. Owner has let some leases expire to be able to show vacant units to potential  buyers to view the interior of properties easily. The 2018 Gross Income was $142,000 and NOI was $100,048. Property is owner managed with operating expenses of 30%. Opportunity to update units and increase rents. This property can easily achieve a 10% Cash On Cash Return with very little changes or repairs. Don’t Miss Out – Call Me Now To Purchase.

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