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16 S GRANDVIEW AVENUE

Commercial For Sale
$499,999

BTC: 5.01503561

ETH: 148.80922619

216 days
0 room(s)
2,972 sqft
Est. Estimated sales range: $0 - $0
$0

Overview

HUGE OPPORTUNITY TO MAKE A KILLING! Located in the heart of all of Daytona's Highest Attractions. You will find a well maintained 6 unit Multi-Family property that could be your next cash cow. 6 Beds 8 Baths. INCOME AT 3,225.00+ PER MONTH EVEN WITH 2 UNITS OWNER OCCUPIED. OPPORTUNITY TO DOUBLE RENTS IMMEDIATELY. Walking distance to the Main Street Pier and Beach Access. With 100 occupancy rate (2 Units are owner occupied) this property is producing a NOI of 24,800.00 per year with plenty of room for easy increases. This prime piece of investment property offers One (1) One Bedroom - Two Bathroom Unit. Three (3) One Bedroom - One Bathroom Units and Four Studios With Bathrooms and Kitchenettes. Optimized For Maximum Rental Income Per Square Foot. A truly turnkey property that has plenty of income potential that has yet to be tapped into. Not In A Flood Zone And Did Great With The Hurricanes. 2018 Updated Roof. Each Unit Is Air Conditioned Via Window Unit. A Pre-Listing Inspection Has Been Performed Without Any Major Repairs Needed. Unit is on One Electric Meter. Solid electrical and plumbing. Invest into a growing Area In Florida. Long term tenants are in place and have been in place for multiple years. Owner occupies two units and will be an opportunity for instant income increase. Monthly leases are in place for maximum flexibility for the new owner to do any wanted renovations. However tenants are in place now for instant return on investment.This is the multi family property you've been waiting to acquire to your investment portfolio! 70K Per Door. Call today to inquire more information.

Location

Facts and features

Type:
Commercial Sale
Parking:
1 to 5 Spaces
Year Built:
1910
Lot:
0.11 Acres
Heating:
No Data
Price/sqft:
$168
Cooling:
Wall/Window Unit(s)
HOA:
No Data
All facts and features
  • Cooling

    • Wall/Window Unit(s)

  • Parking

    • 1 to 5 Spaces

    Lot

    • Lot: 0.11 Acres

    Other Property Information

    • Parcel Number: 530401110050

    • Zoning: 02BR1

  • Type and style

    • Property Type: Commercial Sale

    • Property Sub Type: Multi Family

  • Other financial information

    • Annual tax amount: $4,278

  • Source details

    • MLS ID: NS1081584

    Other facts

    • Construction Materials: Wood Frame / Wood Siding

    • Foundation Details: Slab

    • Living Area: 2972

    • Subdivision Name: ROGERS SEABREEZE

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The multiple listing information is provided by the Stellar MLS from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2024-present Stellar MLS. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: LPT REALTY