708 E Intl Speedway Boulevard
Daytona Beach, FL 32118

Listed at $965,000

Details

  • MLS# 1229221
  • Multi Unit - Multiple
  • Status Active
  • 10 Bedrooms
  • 9 full 1 partial Bathrooms
  • 3,195 Square Feet
  • 0.110 acres
  • Built in 1920
  • Local Schools

Description

What happens when you combine strong cash flow with an unbeatable beachside location? You get this fully occupied 9 unit apartment building located just one block from the Atlantic Ocean in Daytona Beach, the World's Most Famous Beach and the birthplace of NASCAR. Generating $9,730 in total monthly rental income, this property offers immediate income from day one with a desirable mix of unit sizes that helps attract a wide range of tenants and keeps rental demand strong.The heavy lifting has already been addressed with a new roof installed in 2023, along with a new sewer pipe and sewer line. The majority of the units have also been updated...read more with tile flooring, tiled bathrooms, and modern finishes, providing investors with an attractive combination of current income and major property improvements.Location is everything, and this one puts residents close to the beach, restaurants, shopping, entertainment, nightlife, and everything Daytona Beach has to offer. Opportunities .. CONT .. to acquire nine income producing units this close to the ocean are increasingly difficult to find. Whether you are expanding your portfolio, entering the multifamily market, or searching for the perfect 1031 exchange property, this is the beachside investment you have been waiting for. Nine units. Fully occupied. Strong monthly income. One block from the Atlantic Ocean. This is the one!

Features

  • Refrigerator
  • Gas Range
  • Multi Units, Wall/Window Unit(s)
  • Varies by Unit
  • $12,221 Taxes
  • Public
  • Built in 1920
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All Property Features

  • Property Type: Multi Unit - Multiple
  • Appliances: Refrigerator, Gas Range
  • Cooling: Multi Units, Wall/Window Unit(s)
  • Days on Site: 1
  • Directions: From I-95 and ISB take International Speedway Blvd. East. Turn Right at 708 E ISB
  • Exterior: Block
  • Heating: Varies by Unit
  • Listing Terms: Cash, Conventional
  • Lot Description: Flag Lot
  • Lot Size: 0.11 Acres
  • Parcel #: 5309-09-04-0160
  • Parking: Unassigned
  • Property Attached Y/N: No
  • Property Sub-Type: Multi Family
  • Sewer: Public Sewer
  • SQFT Total: 3936
  • Taxes: $12,221
  • Units: 9
  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Water: Public
  • Year Built: 1920