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346 Clifton Avenue,  Daytona Beach FL, 32117

(Active)
$925,000
|
14 beds, 7 baths, 4,801 sqft
|
MLS# O6202329
Last Updated: 5/18/2024 5:23 PM
Description for 346 Clifton Avenue Daytona Beach, FL 32117
Fantastic turkey investment property package of 3 properties, within 5 minutes of each other, 100% occupied with 16 tenants producing $14,077.00 gross monthly income listed at an 8.5% cap rate based on actual 2023 financials. An unheard of 9% cap rate based on 2024 financials so far this year. You may have heard the term house hack or PadSplit, these are fully furnished rentals, rented out individually by the room. All furnishings are included in the sale, and 45 days of management training included. The current owners have been doing this business model since 2011. It's 100% turnkey, tenants are all on month by month leases for flexibility, however on average most tenants stay 12-18 months, some even longer All of the properties are in great shape and have no deferred maintenance. Properties included in the sale: Property #1: 6 bedroom 2 bath house, Property #2: 4 bedroom 1 bath house and detached studio apartment with full kitchen and bath. Property #3: 4 bedroom 2 bath house and attached studio apartment with full kitchen and bath. Full financials, property list, and additional details with signed non-disclosure agreements. A licensed Florida Real Estate Agent owns legal interest in the property.
Price
$925,000
HOPKINS FITCH GRANT
Volusia
14
7
4,801 (approx)
O6202329
Active
Description
Fantastic turkey investment property package of 3 properties, within 5 minutes of each other, 100% occupied with 16 tenants producing $14,077.00 gross monthly income listed at an 8.5% cap rate based on actual 2023 financials. An unheard of 9% cap rate based on 2024 financials so far this year. You may have heard the term house hack or PadSplit, these are fully furnished rentals, rented out individually by the room. All furnishings are included in the sale, and 45 days of management training included. The current owners have been doing this business model since 2011. It's 100% turnkey, tenants are all on month by month leases for flexibility, however on average most tenants stay 12-18 months, some even longer All of the properties are in great shape and have no deferred maintenance. Properties included in the sale: Property #1: 6 bedroom 2 bath house, Property #2: 4 bedroom 1 bath house and detached studio apartment with full kitchen and bath. Property #3: 4 bedroom 2 bath house and attached studio apartment with full kitchen and bath. Full financials, property list, and additional details with signed non-disclosure agreements. A licensed Florida Real Estate Agent owns legal interest in the property.
Listing Information
Property Type: Multi-Family, Other
14 7
0.29 Acres 4,801 (approx) 1955
Yes-1 space Block,Stucco
14S//
HOPKINS FITCH GRANT
Slab
Public
Public Sewer
Natural Gas Available, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Neighborhood
Room Information
Common Area
Interior Features
Dishwasher, Dryer, Electric Water Heater, Exhaust Fan, Microwave, Range, Refrigerator, Washer
Tile, Carpet
Central Air, Window/Wall Unit
Electric Heating
Crawl Space
Window Coverings, Aluminum Frames, Blinds, Double Pane Windows, Insulated Windows, Window Treatments
Security Lights
Stone Counters
Exterior / Lot Features
1 Carport Spaces,
Stucco, Block
Patio
Metal, Shingle
105x122
09R5
Lighting, Corner Lot, Level, Paved
Community Features
Security Lights
Driving Directions
From I95 & LPGA, east on LPGA, South on Nova, East on 3rd, cross over Center, North on Clifton, house is on the left. Properties 2 and 3 are 5 minutes from first location.
Financial Considerations
424240050240
$2,294
Cash, Conventional, Private Financing Available
Listing Price History

Daytona Beach Real Estate

Daytona Beach is located in Florida. Daytona Beach, Florida 32117 has a population of 13,694.

The median household income in Daytona Beach, Florida 32117 is $38,171. The median household income for the surrounding county is $52,138 compared to the national median of $66,222. The median age of people living in Daytona Beach 32117 is 46 years.

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Courtesy: 24/7 FLORIDA REALTY, 407-777-2477


All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified.
Listing information is provided for consumer personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Copyright 2017, My Florida Regional MLS
This content last refreshed on 5/18/2024 5:23 PM CST. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
Information is deemed reliable but is not guaranteed.

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