Mary Schroeder - Coldwell Banker Coast
865 Orange Avenue
Daytona Beach, FL 32114

Description

Fully Leased Mixed use property in the heart of Daytona Beach with a true 9.6% Cap Rate if unmanaged.Consisting of 11 units in 4 buildings; the property is 100% occupied with leases in place.Many of the tenants are on annual leases but all have expressed interest in signing longer term deals. This property had 2 new roofs,brand new sky lights & there is no deferred maintenance.There is also a brand new 5 ton HVAC system.The building uses are Industrial, Retail & Office with one residential home in the middle of the property.The tenant in the house also serves as property manager.The leasable value of the house is $1,000 per month but the tenant only pays $500 in consideration for the property management.They collect rent and maintain the grounds.No unauthorized disturbance of tenants.

Details

MLS#1046479
Sub-TypeResale
StatusActive
Year1972
Days On Site13

Features

Story(s)1

Market Activity 32114

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Area Information

StateFL
CountyVolusia
CityDaytona Beach
Zip Code32114
Area32 - Daytona Beville to ISB, E of 95
Listing VS Median (in 32114)
Price:
$650,000
low | high
Med:
$128,000
100% of Average
On Site:
13
low | high
Med:
75
17.333333333333% of Average
Listing Updated: 08/19/2018
MLS Number: 1046479
Listing Provided By:
Carl Lentz  of  SVN Alliance Commercial RE Advisors