Listed by FPB Investment Properties, Inc
$2,350,000
Est. payment /mo
18 BA
1.38 Acres Lot
Active
900 S Peninsula DR Daytona Beach, FL 32118
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UPDATED:
08/31/2024 06:30 AM
Key Details
Property Type Commercial
Sub Type MultiFamily (5+ Units)
Listing Status Active
Purchase Type For Sale
MLS Listing ID RX-10994753
Year Built 1972
Annual Tax Amount $23,293
Tax Year 2023
Lot Size 1.380 Acres
Property Description
Opportunity to acquire 18 units value-add in a 39-unit building under $150 per sq.ft. Currently at 6% cap with substantial upside. Waterfront property with immediate access to premier beaches and a private boat dock. All units are 2BR 1BA with central AC. New roofs - replaced in 2019. Concrete block product throughout.Situated in the heart of Daytona Beach, this property provides easy access to local attractions, dining establishments, shopping destinations and hospitals. Daytona Beach with its International Airport and vibrant atmosphere is a bustling city with year-round festivals and events, notably the iconic Daytona 500 NASCAR race.
Location
State FL
County Volusia
Area 5940
Zoning 0400 - CONDO
Interior
Heating Central
Cooling Central
Flooring Carpet, Tile
Fireplaces Type Smoke Alarm
Exterior
Garage Spaces 7494.0
Utilities Available Public Sewer, Public Water
Waterfront Description Intracoastal
Roof Type Concrete Tile
Building
Story 100.00
Others
Acceptable Financing Cash, Conventional, Exchange
Listing Terms Cash, Conventional, Exchange
Financing Cash,Conventional,Exchange
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