3738 S Atlantic Avenue
Daytona Beach Shores, FL 32118

$1,650,000

Description

This property is located in the highly sought after Daytona Beach Shores. 19 rented units that have all been renovated, the ground floor has new tile, while the rest of the units have new carpet. All units have new appliances, interior and exterior paint and light fixtures have been added as well. Most units feature beautiful Ocean & Intracoastal views. Onsite fenced in pool for your privacy and enjoyment. The beach is right across the street and it's only a 5 Minute ride to Ponce Inlet. The options for entertainment are endless.Each unit brings in 1,000 per month with a 9% cap rate. The area is booming with new business and new projects do not miss out on your opportunity.

Details

MLS#1058401
Sub-TypeResale
StatusActive
Year1954
Days On Site45

Features

SQ Feet6,696
Units19
Building(s)1
Property ViewYes

Market Activity 32118

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Area Information

StateFL
CountyVolusia
CityDaytona Beach Shores
Zip Code32118
Area12 - S Dunlawton to N Ponce Inlet
Listing VS Median (in 32118)
Price:
$1,650,000
low | high
Med:
$229,000
100% of Average
SqFt:
6,696
low | high
Med:
1,069
100% of Average
$ / SqFt:
$246
low | high
Med:
$214
63.066077047368% of Average
On Site:
45
low | high
Med:
28
100% of Average
Listing Updated: 07/19/2019
MLS Number: 1058401
Listing Provided By:
Mike Bretzel  of  Keller Williams Realty Florida Partners