$925,000
Active
16 Days Online
14 Beds0 Baths4,801 SQFT
Active

346 Clifton Avenue Daytona Beach, FL 32117

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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.

  • Property TypeMulti-Family
  • NeighborhoodHopkins Fitch Grant
  • CountyVolusia
  • Taxes$2,293
  • HOA/Condo/Coop Fees$0
  • Days on Site15 Days
  • MLS StatusActive
  • MLS ID NumberO6202329
  • Home Size Source Public Records
  • Year Built1955
  • Lot Size0.29 Acres
  • Full BathsN/A
  • Partial BathsN/A

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General Features

  • Construction BlockStucco
  • Sewer Public Sewer
  • Acreage 0.29
  • Water Public
  • Security Security Lights
  • Property Sub Type Multi Family
  • Utilities Electricity ConnectedNatural Gas ConnectedSewer ConnectedWater Connected
  • Foundation Slab
  • Zoning 09R5
  • Ownership Fee Simple
  • Parcel Number 424240050240

Interior Features

  • Cooling Central AirWall/ Window Unit(s)
  • Heating ElectricExhaust Fan
  • Appliances DishwasherDryerElectric Water HeaterExhaust FanMicrowaveRangeRefrigeratorWasher
  • Flooring CarpetLuxury VinylTile
  • Furnished? Furnished
  • Interior Ceiling Fans(s)Primary Bedroom Main FloorSolid Wood CabinetsStone CountersThermostatWindow Treatments
  • Laundry Features Common Area
  • Window Features Aluminum FramesBlindsDouble Pane WindowsInsulated WindowsWindow Treatments
  • Fireplace No

Exterior Features

  • Roof MetalShingle
  • Waterfront Property No
  • Exterior Lighting
  • Lot Corner LotCity LimitsLevelPaved
  • Patio And Porch Patio

Community Features

  • Pets No
  • Township 14S
  • Senior Community No
  • MLS Area 32117 - Daytona Beach
  • Security Features Security Lights

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Monthly Payment (Est.)

$4,933
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