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16 S Grandview Avenue
Daytona Beach, FL 32118

$665,000

45 Photos

Listing Details

  • $665,000
  • MLS# O6419368
  • Type Multi Unit - Multiple
  • Status Active
  • 5
    Bedrooms
  • 2,972
    Square Feet
  • 0.110 acres
    Lot Size
  • 1910
    Year Built

Listed By

Agency Name: CHARLES RUTENBERG REALTY ORLANDO
Agency Contact: 407-622-2122

Shown By

Agency Title: Pupello Realty Company, LLC
Agency Phone: (386) 216-8338

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Home Value Estimate


Description

9.3% CAP RATE!1! STABILIZED CASH COW PRODUCING AN 9.3% CAP RATE ON ASKING (AFTER TAXES, INSURANCE, AND EXPENSES OF APPROX $17K PER YEAR!) 3 STREETS FROM THE BEACH! This is a rare, high-performing asset with a confirmed zoning of up to 10 units, and land use of upto 10 units per the Property Appraiser and zero code violations. This property delivers a strong 9.3% return in its current state, offering a proven track record of reliable income with even further room for appreciation. The property is fully stabilized with long-term tenants on active leases (6-12 months remaining on each lease and they want to renew) who take great pride in the...read more

Features

  • Wall/Window Unit(s)
  • Ductless
  • $5,720 Taxes
  • Public
  • Built in 1910

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