New Smyrna

SOLD – Wayne Ave, New Smyrna Beach, FL

37 Units in New Smyrna

Price: $2,900,000

Owner Finance: $3,200,000

Back on the market! 37 unit apartment complex located right across the street from New Smyrna Golf Club. Property has had some work done to it already but still needs a little bit of work to bring it up to appropriate standards. The property is currently a C, but with a little work could be brought up to a B or A, depending on how much you spend. There is also an additional slab that used to have a building on it, that could be used to add another 6 to 8 units. You will need to sign an ncnd to get more information. Seller is willing to do some seller financing but is looking for 50% down and will hold a term of 15 years at 6% interest. Great opportunity to cash flow your retirement!

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