346 Clifton Avenue
Daytona Beach,
FL
32117
Property Details
List Price: |
$925,000 |
Beds: |
16 |
Baths: |
-- |
Status: |
Active |
SqFt: |
6086 |
Agency: |
24/7 Florida Realty |
Description/Comments
Lot Size: |
-- |
Property Type: |
MultiFamily |
Year Built: |
1955 |
Notes: |
Fantastic turkey investment property package of 3 properties 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. |
MlsNumber: |
1123196 |
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Listing Provided By: |
24/7 Florida Realty, original listing |
Name: |
24/7 Florida Realty |
Phone: |
(386) 675-1101 |
Office Name: |
24/7 Florida Realty |
Office Phone: |
(386) 675-1101 |
Agent Name: |
Byron Hebert |
Disclaimer: |
Copyright © 2024 Daytona Beach Area Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. |