$650,000
Active · 26 days on market · MLS# MFRO6296060
| Bedrooms | 7 |
|---|---|
| Living area | 2,888 sq ft |
| Lot size | 0.15 acres |
| Year built | 1935 |
| Property type | Multi Family |
| Private pool | Yes |
| Waterfront | Yes |
| Annual taxes | $5,924 |
| County | Volusia |
Income-Producing 6-Unit Apartment Building Just Steps from Daytona Beach! Prime Location – Walk to Ocean, Bridge & Boardwalk | $8,100 Potential Monthly Income | Cash Buyers Only | This is your opportunity to own a rarely available 6-unit multifamily property in a prime coastal location — less than one block from Daytona Beach and just one block from the new Veterans Memorial Bridge (Orange Ave). The vibrant Daytona Beach Boardwalk is only a mile away, offering easy access to top dining, entertainment, and attractions. Key Features: • Location, Location, Location: • Unbeatable Location: • Less than a block from Daytona Beach • 1 block from the newly built Veterans Memorial Bridge (Orange Ave Bridge) • 1 mile from the famous Daytona Beach Boardwalk • Enjoy the beach and breathtaking ocean views just steps away This is your opportunity to own a rarely available 6-unit multifamily property in a prime coastal location — less than one block from Daytona Beach and just one block from the new Veterans Memorial Bridge (Orange Ave). The vibrant Daytona Beach Boardwalk is only a mile away, offering easy access to top dining, entertainment, and attractions. Property Highlights: • 6 Units | 9 Beds | 6 Baths • 5 of 6 units currently rented • Coin-operated shared laundry on-site • Mixed unit types including: o One 2 Bed / 1 Bath with full layout o Two 2 Bed / 1 Bath units with two entrances (no living rooms – ideal for roommates or flexible rentals) o Two studio units o One 1 Bed / 1 Bath unit ?? Financial Overview: • Gross potential monthly income: $8,100 • Tenants pay their own electric • No landlord cost for trash or common electricity • Owner pays approx. $350/month for water & gas (shared hot water heater) ??? Condition & Opportunity: • Two units fully renovated • Four units need updating • Property has its own parking lot with 8 spaces • Property was tented in 2020 for termites • New roof needed (no current leaks) • Ideal for investors or contractors — priced with improvements in mind • Cash buyers only due to condition Location Perks: • Less than 1 block to Daytona Beach • 1 block from Veterans Memorial Bridge • 1 mile to Daytona Beach Boardwalk • Ocean views just a minute's walk away Don't miss this excellent chance to invest in an appreciating coastal market with huge upside potential!
Listing courtesy of Elayne Conrique, EMPIRE NETWORK REALTY. Presented by MC Homes Realty Inc · 727432218.