346 Clifton Ave - Apartments FOR SALE


Holly Hill, FL 32117
$925,000 USD
321-296-8000
346 Clifton Ave, Holly Hill, FL for Sale
$925,000 USD
Apartments - FOR SALE
1/127
null | 10.3% Cap Rate

346 Clifton Ave
Holly Hill, FL 32117


HIGHLIGHTS

  • Turnkey investment with tenants in place
  • All units renovated over the last 5-10 years
  • High 10.3% cap rate with the potential to increase

OVERVIEW

3 Property package deal in Daytona Beach area Deal summary: • 16 beds with 7.5 baths (2 studios counted as beds for summary) • 100% occupied with 16 tenants • $14,175.00 Gross monthly income • 10.3% cap rate based on 2024 financials • $95,942.87 estimated NOI for 2024 • Sold fully furnished completely turn key. • No owner financing Fantastic turkey investment property package of 3 properties, within 5 minutes of each other, 100% occupied with 16 tenants producing $14,175.00 gross monthly income listed at an unheard of 10.3% cap rate based on 2024 financials so far this year. Estimated 2024 NOI $95,942.87. 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 manage ment 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.

FOR SALE DETAILS

PRICE

$925,000 USD

PRICE/SF

$152 USD /SF

# OF UNITS

5

PRICE/UNIT

$185,000

CAP RATE

10.3%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Daytona Beach 16 tenant portfolio sale

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1955

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.32 AC

LAND SF

13,788 SF

ZONING

R-1

APN/PARCEL ID

4242-40-05-0240

ASK ABOUT THIS PROPERTY

Byron Hebert24/7 Florida RealtyMore Info
321-296-8000

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Byron Hebert24/7 Florida RealtyMore Info
321-296-8000

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.