346 Clifton AVENUE, Daytona Beach, FL, 32117
14 beds
1955
4,801 sqft
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.
Status:
Active
Type:
Multi-family
Furnished Remarks:
Furnished
Laundry Remarks:
Common Area
Units:
5
Subdivision:
HOPKINS FITCH GRANT
Heating:
Electric, Exhaust Fan
Cooling:
Central Air, Wall/Window Unit(s)
Lot Size:
105 x 122
Acreage:
0.29
Est. Taxes:
$2,294
Construction
Block, Stucco
Utilities
Electricity Connected, Natural Gas Connected, Sewer Connected, Street Lights, Telephone Nearby, Water Connected
Lot Description:
Corner Lot, City Lot, Level
Days on Market:
1
Pet Policy:
No
Appliances:
Dishwasher, Dryer, Electric Water Heater, Exhaust Fan, Microwave, Range, Refrigerator, Washer
MLS #:
O6202329
Community Info
School Info
Walk Score
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Listing courtesy of 24/7 FLORIDA REALTY Phone: 407-777-2477