709 Ora St, Daytona Beach, 32118

Multifamily - 5+ Units For Sale in Morrisseys

$595,000

9Beds
Baths
6,264Sqft
.14Acres
1922Built
MLS® #: 1045917
Active

BOOMING LOCATION! Growth and investment all around. NEW CONSTRUCTION behind and across the street on beach. Make your move and get your share of this growth. Make money now with existing buildings or rebuild and make money from a property that will attract much higher rents. Extraordinary income producing opportunity located only one street from the world's Most Famous Beach. 7 units (5- One bedroom and 2 -Two bedroom. Two buildings - 4 units in front building and 3 units in back building. All appliances included, carpeting replaced, floors updated with tile or wood. Several units natural hardwood. All in good condition. Separate electric meters. All units rented. These apartments are located directly across from the Daytona Beach Band shell, Ocean Shoppes, Atlantic Ocean and amusements.As of 05/31/2019, Gross Income $68,940. Expenses $19,333 Net Income $49,607 = Cap Rate 8.33% Rent Roll 2019 Apt 1 $875.00 Apt 2 $875.00 Apt 3 $975.00 Apt 4 $820.00 Apt 5 $625.00 Apt 6 $725.00 Apt 7 $850.00 ------------------- Monthly $5,745.00 Yearly $68,940.00 All units Gas and Water paid by landlord All units Electrical (FPL paid by tenants All units Stove and Refrigerator only are supplied by landlord Reported Expenses for year 2018 Water-------------------------------$5610.00 Gas----------------------------------$1908.00 Permits-----------------------------$327.00 Terminix Bond-------------------$493.00 Terminix Pest Control---------$595.00 County Taxes---------------------$5378.00 Property Insurance--------------$5022.00 (wind storm Insurance included in the total price but not necessary represents about $2K) ________________________________ Total $19,333.00 Revenues ------------------------$68,940.00 + Expenses ------------------------$19,333.00 - __________ $49,607.00

Essential Information

MLS® #: 1045917
Price: $595,000
Bedrooms: 9
Square Footage: 6,264
Acres: 0.14
Year Built: 1922
Type: Multifamily
Sub-Type: 5+ Units
Style: Stand Alone, Apartment Building, Side by Side
Status: Active

Community Information

Address: 709 Ora St
Area: 14 - Daytona Peninsula S of Seabreeze
Subdivision: Morrisseys
City: Daytona Beach
County: Volusia
State: FL
Zip Code: 32118

Amenities

Utilities: Natural Gas, 208/220 Volt Svc., Circuit Breaker
Features: Corner Lot
Parking: Carport, On Street, Off Street, Garage, Parking Lot

Interior

Interior Features: Ceiling Fans, Security System, Cable TV, LR/DR Combo, No Laundry
Appliances: Refrigerator
Heating: Central, Heat Pump, Natural Gas, Wall/Window Units
Cooling: Central, Heat Pump, Multiple Units, Wall/Window Units, Mixed

Exterior

Exterior Features: Curb/Sidewalks, Balcony/Decking
Lot Description: 6264
Roof: Composition Shingle, Rolled
Construction: Concrete Block, Wood Frame, Stucco Cover

Additional Information

Zoning: MultiFam Over 10

Listing Details

Listing Office: Watson Realty Corp.

Financials

$/SqFt: $95

© 2019 Daytona Beach Area Association of REALTORS®

Information Courtesy of Daytona Beach Area Association of REALTORS® Multiple Listing Service

IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and data is deemed reliable but is not guaranteed accurate by the MLS.