Rod Fuller - Coldwell Banker Coast
865 Orange Avenue
Daytona Beach, FL 32114

Description

Fully Leased Mixed use property in the heart of Daytona Beach with a true 10% Cap Rate if unmanaged. Consisting of 11 units in 4 buildings, the property is 100% occupied with leases in place. Many of the tenants are on annual leases but all have expressed interest in signing longer term deals. This property had two new roofs and brand new sky lights and there is no deferred maintenance. There is also a brand new 5 ton HVAC system. The building uses are Industrial, Retail and Office with one residential home in the middle of the property. The tenant in the house also serves as property manager. They collect rent and maintain the grounds.Please do not disturb tenants without authorization from sellers. One of the owners is a licensed real estate broker.

Details

MLS#1046479
Sub-TypeResale
StatusActive
Year1972
Days On Site129

Features

Story(s)1

Market Activity 32114

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Area Information

StateFL
CountyVolusia
CityDaytona Beach
Zip Code32114
Area32 - Daytona Beville to ISB, E of 95
Listing VS Median (in 32114)
Price:
$630,000
low | high
Med:
$129,900
100% of Average
On Site:
129
low | high
Med:
90
100% of Average
Listing Updated: 12/13/2018
MLS Number: 1046479
Listing Provided By:
Carl Lentz  of  SVN Alliance Commercial RE Advisors