BRAND NEW ROOF & INSTANT EQUITY with this 9 unit apartment priced $125k under appraised value for a quick sale, this is a no brainer investment! Located beach side on our main corridor International Speedway Blvd in a redevelopment zone that allows air bnb. Just two properties back from A1A and the beach. Great flexibility to keep as a long-term rental with a current annual gross income of over $100k. Professional management currently in place for immediate cash flow OR with a variance (details provided) use as a profitable Air BNB and there is still room to increase rents and profitability. Total of 9 units including: 2 – 2 bed units, 4 – 1 bed units, and 3 studios.

The majority of units have updated kitchens including new or newer appliances and bathrooms within the last 5 years, and most units have updated flooring. Exterior was just painted. No flooding! Take advantage of this cash flowing opportunity at the beach in Daytona Beach!

NOI: 73,615

Cap Rate: 10%