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708 E International Speedway Boulevard, Daytona Beach, Florida 32118

  • $775,000
  • $795,000
708 E INTERNATIONAL SPEEDWAY BOULEVARD, Daytona Beach, FL 32118
Expired
708 E International Speedway Boulevard, Daytona Beach, Florida 32118
708 E INTERNATIONAL SPEEDWAY BOULEVARD, Daytona Beach, FL 32118
  • $775,000
  • $795,000

Overview

Property ID: HZV4931468
  • Multi-Family, Commercial Sale
  • Property Type
  • 3936
  • Sqft
  • 1920
  • Year Built

Description

BRAND NEW ROOF & INSTANT EQUITY with this 9 unit apartment priced $125k under appraised value for a quick sale, this is a no brainer investment! Located beach side on our main corridor International Speedway Blvd in a redevelopment zone that allows air bnb. Just two properties back from A1A and the beach. Great flexibility to keep as a long-term rental with a current annual gross income of over $100k. Professional management currently in place for immediate cash flow OR with a variance (details provided) use as a profitable Air BNB and there is still room to increase rents and profitability. Total of 9 units including: 2 – 2 bed units, 4 – 1 bed units, and 3 studios. The majority of units have updated kitchens including new or newer appliances and bathrooms within the last 5 years, and most units have updated flooring. Exterior was just painted. No flooding! Take advantage of this cash flowing opportunity at the beach in Daytona Beach! NOI: 73, 615 Cap Rate: 10%

  • Address 708 E INTERNATIONAL SPEEDWAY BOULEVARD
  • City Daytona Beach
  • State/county FL
  • Zip/Postal Code 32118
  • Country US

Details

Updated on October 28, 2023 at 4:12 am
  • Property ID: HZV4931468
  • Price: $775,000
  • Property Size: 3936 Sqft
  • Land Area: 0.11 Acres
  • Year Built: 1920
  • Property Type: Multi-Family, Commercial Sale
  • Property Status: Expired

Additional details

  • Listing Terms: Cash, Conventional
  • Roof: Shingle
  • Sewer: Public Sewer
  • Cooling: Wall/Window Unit(s)
  • Heating: Wall Units / Window Unit
  • County: Volusia
  • Property Type: Commercial Sale
  • Parking: Parking Spaces - 1 to 5, Curb Parking

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