450 Tomoka Ave - Apartments FOR SALE


Ormond Beach, FL 32174- Outer Ormand Beach
$2,480,000 USD
866-468-6487
450 Tomoka Ave, Ormond Beach, FL for Sale
$2,480,000 USD
Apartments - FOR SALE
1/16
null | Request Cap Rate

450 Tomoka Ave
Ormond Beach, FL 32174
Outer Ormand Beach


HIGHLIGHTS

  • Year 1 Scheduled Income $289,440
  • Seller Financing Available
  • Significant Rental Upside

OVERVIEW

100Units.com presents Tomoka Gardens which is a 16 unit multifamily complex built in 1974, consisting of one two-story apartment building. This community has a total of approximately 20,000 gross square feet and is situated on .52 acres. There are eight 1 bedroom 1 bath units (675 square feet), four 2 bedroom 1 bath units (978 square feet) and four 2 bedroom 2 bath units (990 square feet). Electric is separately metered, paid for by the tenants and the water, sewer & trash is paid for by the landlord. Ideally located within 10 miles of Daytona State College, Embry-Riddle Aeronautical University and the Halifax River.

FOR SALE DETAILS

PRICE

$2,480,000 USD

PRICE/SF

$124 USD /SF

# OF UNITS

16

PRICE/UNIT

$155,000

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Tomoka Gardens

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1974

PARKING SPACES

19

LAND DETAILS

LAND ACRES

0.52 AC

LAND SF

22,799 SF

ZONING

-

APN/PARCEL ID

4241-01-15-0080

ASK ABOUT THIS PROPERTY

Joe LaFleur100Units.comMore Info
866-468-6487

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Joe LaFleur100Units.comMore Info
866-468-6487

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