308 Adeline St, Daytona Beach, FL 32114 Available

  • $146,990
  • 3 beds
  • 3 baths
  • 1,312 sqft

308 Adeline St, Daytona Beach, FL 32114

TRIPLEX
3 Bedrooms / 3 Bathrooms
Unit 1: 1 Bedroom / 1 Bathroom, 572 sqft, $675/Month, 2 Appliances
Unit 2: 1 Bedroom / 1 Bathroom, 572 sqft, $675/Month, 2 Appliances
Unit 3: Efficiency, 1168 sqft, $350/Month, Unfurnished

Sqft: 1,312 sqft (All Units)
Year Built: 1935
Lot Size: .148 acres

Construction: Tile

*Great value add opportunity with this cash flowing duplex/triplex, currently cash flowing at $1700 and bringing in a solid 11% cap
*Each unit takes care of its own electricity
*With an opportunity to add value and increase rents and giving you a rare to find 12-13% this is a great opportunity

Rehab:
Light (4K-6K)

ARV: 175K

ROI: 10.82%
Net Income: $1,329
Ppsf: $105.87
Market Rent: $1,700/Month
Annaul Taxes: $1,210

COMPS:
150 Virginia 208c Avenue, Daytona Beach, Fl
Rents for $800/Month beginning 4/24/2020
Sqft: 710 sqft
1 Bedroom / 1 Bathroom

323 Taylor B Avenue, Daytona Beach, Fl
Rents for $850/Month beginning 3/20/2020
Sqft: 300 sqft
1 Bedroom / 1 Bathroom

1600 Big Tree T3 Road, South Daytona, Fl
Rents for $850/Month as of 11/19/2020
Sqft: 630 sqft
1 Bedroom / 1 Bathroom

Available on 09.18.2020

Don’t let this excellent opportunity pass you by! Get it yours now!

Make An Offer On This Property

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Price:
$146,990
Address:
308 Adeline St,
Daytona Beach, Florida 32114
Square Feet:
1,312
Lot Size:
.148 acres
Bedrooms:
3
Bathrooms:
3
Terms:
Assignment of Contract
Property Type:
Triplex
Year Built:
1935

Additional Features

308 Adeline St, Daytona Beach, FL 32114. *Investor Alert* Opportunity to own a stable Income producing Triplex with long term tenants currently below market rates. Owners have kept lower rents for tenants as they have been there for 3+ years. Each unit has a separate entrance. Currently grossing +/- $1700/mo with the potential to be increased. 2 Electric meters, 1 water meter. Tenants pay for electricity, owner pays for water. Owner maintains the lawn. Centrally located on South east side of Daytona Beach Golf Club. Close to everything (bus, grocery, shopping, medical, beaches, etc) on a corner lot. All units currently occupied. This is an agent owned property.

Call (954) 280-5883 for more details

Property Location