700 Madison Avenue, Daytona Beach FL 32114
Asking Price: $288,900
5 units built in 1947 (Effective built 1993)
All units rented, one will be free next month
Rents: $3,370/mth but all units are under market rent
Current rents are:
$750, $575, $500, $795, $750
Gross Monthly Income $3,370.00
Gross Income $40,440.00
Cap Rate 11.5%
NOT FOR PUBLIC DISTRIBUTION. PRIVATE COMMUNICATION ONLY
If you are a real estate agent and have a potential buyer lined up for the property, please add your commission to the suggested price. Thank you!
Tenants in place. Do not disturb tenants.
All 5 Units need updated kitchen and bathrooms.
Exterior/ interior painting
Detail of Lot in Purchase Agreement according to homeowner and public information (please do your own due diligence)
5 unit bed/bath breakdown: 3 – 2/1, 1 – 2/1.5, 1 – 1/1
Year Built: 1947 (Effective year 1993)
Square Feet: 3904 Block
Taxes for the Year 2019: $3007.57
Lot Size: approx 0.29 acre
Cash or hard money required for closing.
Non refundable deposit required: $3,000 for property under $100k and minimum $5,000 for property over $100k.
Buyers are responsible for their own due diligence.
Buyers pay all closing costs.
All financial projections and estimates are based on our own analysis and opinion.
Please do not show up to the property unannounced
Available on 07.05.2020
Don’t let this excellent opportunity pass you by! Get it yours now!