***Non-Negotiable...Buyer to pay title insurance and 1/2 doc stamps on the deed. Seller to pay up to a maximum $300 closing fee to title company***LEGAL QUADPLEX APARTMENT COMPLEX, APPROVED, CERTIFIED CITY OF DAYTONA RENTAL INSPECTION PROGRAM, JUNE 16, 2021, PASSED BIANNUAL INSPECTION.
EXCELLENT INVESTMENT; LOCATION BANKS HIGHEST MOST LUCRATIVE DAYTONA BEACH SIDE RENTAL VALUES.
5 MINUTE WALK TO PRIME OCEAN FRONT BEACHES + BOAT FISH RAMPS.
BEFORE POSSIBLE PROPERTY SHOWING ALL BUYERS MUST PRESENT CURRENT PROOF OF FUNDS, SIGN COVID-19 DELTA, + SELLER’S LIABILITY WAIVER.
PROPERTY STRICTLY SOLD AS IS WITHOUT LEGAL GUARANTEES OR WARRANTIES.
IN 2021, PROPERTY PRICES IN DAYTONA ZIP CODE 32118 HAVE ALREADY INCREASED 9.7%; PROJECTED PRICE INCREASES OF SOLID TEN 10% PERCENT IN 2022; INVENTORY LEVELS ARE AT HISTORIC LOWS + DAYTONA BEACH SIDE RENTAL HOUSING SHORTAGE.
VOLUSIA COUNTY PROPERTY'S SQUARE FOOTAGE 2,736 LIVING AREA IS INCORRECT, NET LIVING AREA IS 3,088; GROSS BUILDING SQ FT IS 3445: EXCLUDES BONUS ATTIC APPROX 1,544SQFT OPEN LOFT, LIBRARY, GYM, STORAGE POSSIBILITIES.
1954, VERY RARE, UNIQUE, VINTAGE CLASSIC CONTEMPORARY FOUR UNITS APARTMENT.
TRUE OCEAN SIDE VILLA COMPLEX LIVING; GENUINE CLASSY, SEXY, VIVACIOUS, HIGH QUALITY LOW MAINTENANCE.
IMMACULATE EXTERIOR BUILDING WITH THREE OF FOUR COLOR TONES HAND FINISHED IN OIL BASE STAIN; THE EXTERIOR OF THE ENTIRE BUILDING + EVERY TILE SIDING, DOORS, WINDOW TRIMS WERE FULLY CHALKED & SEALED BEFORE COMPLETE NOVEMBER 2020 PAINT JOB.
BEFORE YOU ENTER, THIS VERY WIDE COMFORTABLE EXTERIOR SLIP FREE PAVERS-LOOK WALKWAY WHICH IS COORDINATED WITH A COMBINATION OF SEMI SYMMETRICAL HAND LAID CLASSIC RED BRICKS + NICE EXTERIOR WOOD FINISHED SHADOW BOXED FENCE AND SKIRT.
WHEN YOU ENTER BUILDING FROM MAIN FRONT DOOR ENTRANCE YOU WILL DISCOVER A VERY COMFORTABLE RELAXING CASUAL LOUNGE, RECEPTION DEN MAILBOXES COMMON AREA.
ALL UNIT SUPPLIED WITH FOUR INDEPENDENT ELECTRIC METERS, PRIVATE STORAGE SPACE, OFF STREET PARKING, BICYCLE PARKING, REAR SCREEN PORCH + LANDRY ROOM COMMON AREAS.
EACH UNIT EQUIPPED WITH EAT IN KITCHENS, WET BAR LIKE SETTING, CERAMIC OR LINOLEUM FLOORING, DIRECT EASY SCREEN PORCH, BACKYARD + COURTYARD ACCESS: ALL BATHROOMS PORCELAIN TILED + NATURAL RED EXOTIC HARDWOOD PINE FLOORS THROUGHOUT.
PROPERTY GLOBALLY EMANATES HEALTHY SAFE LIFESTLYE WELLNESS WITH LOVELY COZY INTIMATE GREEN BACKYARD + COURTYARDS AREAS,+ ADDITIONAL FUTURE AMPLE GATED OFF-STREET PARKING.
ENTIRE BUILDING STRUCTURE + ATTIC ARE ENGINEERED, CONFIGURED IN SOLID RED HARDWOOD PINE THROUGHOUT: ALL INSIDE & OUTSIDE ROOF SOFFITS, WINDOW, DOOR FRAMES ARE MADE OF FIVE QUARTER THICK WOOD, HAND STAINED IN OIL BASE;
ROOF FASCIA IS RARE 2" X 10" HAND OIL BASE STAINED: ALL PAVERS AND SOLID RED RECLAIMED FIRE BRICKS THROUGHOUT DRIVEWAY+ BACKYARD ARE UNUSUAL 4" FOUR INCHES THICK, NOT STANDARD ONE INCH THIN! ALL DECK BOARD WOOD TRIM IS THREE TONES OIL BASE.
DRIVEWAY FENCING IS RARE 2” BY 4” BY 10" INDUSTRIAL CONSTRUCTION, LEADS TO MAIN HANDCRAFTED DOUBLE GATES DOORS.
ANNUAL POTENTIAL GROSS RENTAL INCOME $68,00.00. LOWER LEFT UNIT $1,200.00, LOWER RIGHT UNIT $1,300.00, UPPER RIGHT UNIT $1,450, UPPER LEFT $1,500.00, + $3,200.00 ADDED LANDRY REVENUE.
ALL FIGURES BASED UPON RENOVATED UNITS; BUILDING LEFT VACANT TO JUSTLY COMMAND ABOVE RENT; IF NOT OCCUPIED ANNUAL REVENUES WOULD BE UP TO $20K LESS.
ESTIMATED OPERATING COSTS $13 365.00, NET GROSS ANNUAL REVENUES OF $54,735.00, PROFORMA CAP RATE WELL OVER 9.9%.