$1,525,000

3738 S Atlantic Avenue

Daytona Beach Shores FL, 32118

Description

This 19 Unit Concrete Block Multi Family property is located in the highly sought after Daytona Beach Shores. This cash flowing property is directly across the street from the beautiful Atlantic Ocean with a direct beach walkway from the property to the beach! Almost every unit features beautiful Ocean & Intracoastal views without the tenant even having to go outside. Most every unit has been fully renovated - with new flooring, new appliances, new kitchens, interior and exterior paint and light fixtures have been added as well. Onsite fenced in pool for the tenants privacy and enjoyment. Each unit brings in an average of $1,000 per month for a true 8% + cap rate with opportunity for value add. The area is booming with new business and new projects do not miss out on this opportunity!

Details

MLS#1074002
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1954

Features

SQ Feet6,696
Units19
Building(s)1
Property ViewYes

Market Activity 32118

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Area Information
StateFL
CountyVolusia
CityDaytona Beach Shores
Zip Code32118
Area12 - S Dunlawton to N Ponce Inlet
Listing VS Median (in 32118)
Price:
$1,525,000
low | high
Med:
$219,900
100% of Average
SqFt:
6,696
low | high
Med:
1,209
100% of Average
$ / SqFt:
$228
low | high
Med:
$182
69.929142260092% of Average
Listing Updated: 08/03/2020
Mike Bretzel LogoMLS Number: 1074002
Listing Provided By:
Mike Bretzel  of  Keller Williams Realty Florida Partners