$3,100,000

311-315 Country Club

Daytona Beach FL, 32114

Description

Three adjacent complexes totaling 42 units that stay at 100% occupancy. One has 6 units, the second has 12 units, and the third has 24 units. 5 x 2BR, 36 x 1 BR, 1 x Studio. The 24 unit and 12 unit complexes have one water meter. The 6 unit has separate water meters, so the tenants pay their own water bills. All tenants have separate electric meters, and the tenants pay their own electric bills. 24 Units are currently condominium units. Concrete Block Construction. The current owner has completed numerous upgrades including new roof and exterior paint, as well as interiors as they become vacant. Value Add Opportunity because Below Market Rents. Proforma 8.35% at Rentometer.com and market rents. DO NOT DISTURB TENANTS.

Details

MLS#1059990
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1964
Days On Site185

Features

SQ Feet28,204
Units42
Building(s)1

Market Activity 32114

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Area Information

StateFL
CountyVolusia
CityDaytona Beach
Zip Code32114
Area32 - Daytona Beville to ISB, E of 95
Listing VS Median (in 32114)
Price:
$3,100,000
low | high
Med:
$113,900
100% of Average
SqFt:
28,204
low | high
Med:
1,561
100% of Average
$ / SqFt:
$110
low | high
Med:
$73
83.615019321775% of Average
On Site:
185
low | high
Med:
190
97.368421052632% of Average
Listing Updated: 01/17/2020
MLS Number: 1059990
Listing Provided By:
Robert Campbell  of  Coldwell Banker Commercial Benchmark