$1,600,000

3738 S Atlantic Avenue

Daytona Beach Shores FL, 32118

Description

This Concrete Block Multi Family property is located in the highly sought after Daytona Beach Shores. Almost every unit features beautiful Ocean & Intracoastal views. Consisting of 19 Units total that have all been renovated, the ground floor has new tile, while the rest of the units have new carpet. All units have new appliances, interior and exterior paint and light fixtures have been added as well. Onsite fenced in pool for the tenants privacy and enjoyment. The Atlantic Ocean is right across the street and it's only a 5 Minute ride to Ponce Inlet. The options for entertainment are endless. Each unit brings in a minimum of $1,000 per month for a true 8% + cap rate with opportunity for value add. The area is booming with new business and new projects do not miss out on this opportunity!

Details

MLS#1066213
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1954
Days On Site145

Features

SQ Feet6,696
Story(s)1
Units19
ZoningMulti-Family

Market Activity 32118

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Area Information

StateFL
CountyVolusia
CityDaytona Beach Shores
Zip Code32118
Area12 - S Dunlawton to N Ponce Inlet
Listing VS Median (in 32118)
Price:
$1,600,000
low | high
Med:
$224,364
100% of Average
SqFt:
6,696
low | high
Med:
1,280
100% of Average
$ / SqFt:
$239
low | high
Med:
$176
76.52988281869% of Average
On Site:
145
low | high
Med:
83
100% of Average
Listing Updated: 05/31/2020
MLS Number: 1066213
Listing Provided By:
Mike Bretzel  of  Keller Williams Realty Florida Partners