Address
346 Clifton AVENUE, DAYTONA BEACH, FL
Price
$ 925,000
Property Attributes
- MLS#O6202329
- TypeIncome
- CountyVOLUSIA
- CityDAYTONA BEACH
- AreaDaytona Beach
- NeighborhoodHopkins Fitch Grant
- Zip32117
- StyleMulti Family
- Year Built1955
- Taxes$ 2293
- Price$ 925,000
- Bedrooms14
- Full Bathrooms7
- Half Bathrooms0
- Sqr Footage4801
- Lot Size12,632 SqFt
Data Source:
Stellar MLS
Property Description
Fantastic turkey investment property package of 3 properties, within 5 minutes of each other, 100% occupied with 16 tenants producing $14,077.00 gross monthly income listed at an 8.5% cap rate based on actual 2023 financials. An unheard of 9% cap rate based on 2024 financials so far this year. You may have heard the term house hack or PadSplit, these are fully furnished rentals, rented out individually by the room. All furnishings are included in the sale, and 45 days of management training included. The current owners have been doing this business model since 2011. It’s 100% turnkey, tenants are all on month by month leases for flexibility, however on average most tenants stay 12-18 months, some even longer All of the properties are in great shape and have no deferred maintenance. Properties included in the sale: Property #1: 6 bedroom 2 bath house, Property #2: 4 bedroom 1 bath house and detached studio apartment with full kitchen and bath. Property #3: 4 bedroom 2 bath house and attached studio apartment with full kitchen and bath. Full financials, property list, and additional details with signed non-disclosure agreements. A licensed Florida Real Estate Agent owns legal interest in the property.
| Price History | |
|---|---|
| 5/4/2024 | Listed $925,000 |
General Features
| Interior Features | Ceiling Fan(s),Primary Bedroom Main Floor,Solid Wood Cabinets,Stone Counters,Thermostat,Window Treatments |
|---|---|
| Sewer | Public Sewer |
| Heating | Electric,Exhaust Fan |
| Cooling | Central Air,Wall/Window Unit(s) |
| Utilities | Electricity Connected,Natural Gas Connected,Sewer Connected,Street Lights,Telephone Nearby,Water Connected |
| Roof | Metal,Shingle |
| Appliances | Dishwasher,Dryer,Electric Water Heater,Exhaust Fan,Microwave,Range,Refrigerator,Washer |
| Exterior Features | Lighting |
| Zoning | 09R5 |
| Patio/Porch Features | Patio |
| Security Features | Security Lights |
| Construction Materials | Block,Stucco |
| Pets Allowed | No |
| Year Built | 1955 |
| Property SubType | Multi Family |
| Tax Year | 2023 |
| Percent Ownership | Fee Simple |
| County | Volusia |
| New Construction | No |
| Property Type | Residential Income |
| HOA / Comm Assn | No |
| Subdivision Name | HOPKINS FITCH GRANT |
| Garage Y/N | No |
| Status | Active |
| Directions | From I95 & LPGA,east on LPGA,South on Nova,East on 3rd,cross over Center,North on Clifton,house is on the left. Properties 2 and 3 are 5 minutes from first location. |
| City | DAYTONA BEACH |
| Buyer Agent Compensation | 2.5% |
| Senior Community Y/N | No |
| Total Units | 5 |
| MLS Area | 32117 - Daytona Beach |
| Lot Size Square Feet | 12810 |
| Private Pool | No |
| Waterfront Y/N | No |
| Carport Spaces | 1 |
| Carport Y/N | Yes |
| Street Name | Clifton |
| Listing Terms | Cash,Conventional,Private Financing Available |
| Tax Annual Amount | 2293.95 |
| Public Remarks | Fantastic turkey investment property package of 3 properties,within 5 minutes of each other,100% occupied with 16 tenants producing $14,077.00 gross monthly income listed at an 8.5% cap rate based on |
| Lease Considered Y/N | Yes |
| Virtual Tour | https://www.propertypanorama.com/instaview/stellar/O6202329 |
| Days on Market | 1 |
| Standard Status | Active |
| Tax Lot | 5 |
| Legal Description | N 105 FT OF S 623 FT OF E 131 1/2 FT OF W 526 FT OF LOT 5 HOPKINS MAP FITCH GRANT PER D/C 6205 PG 4676 PER OR 6259 PG 1381 PER OR 7141 PG 2985 PER OR 7736 PG 0750 |
| Water Access Y/N | No |
| Water View Y/N | No |
Interior Features
| Flooring | Carpet,Luxury Vinyl,Tile |
|---|---|
| Furnished Y/N | Furnished |
| Air Conditioning Y/N | Yes |
| Heating Y/N | Yes |
| Window Features | Aluminum Frames,Blinds,Double Pane Windows,Insulated Windows,Window Treatments |
| Fireplace Y/N | No |
| Street Suffix | AVENUE |
| Laundry Features | Common Area |
| Total Bedrooms | 14 |
| LivingAreaSource | Public Records |
| Total Baths | 7 |
| Living Area Units | Square Feet |
Exterior Features
| Lot Features | Corner Lot,City Lot,Level |
|---|---|
| Water Source | Public |
| Lot Size Area | 12810 |
| Foundation Details | Crawlspace,Slab |
| Number of Buildings | 4 |
| Building Area Total | 6086 |
| Lot Dimensions | 105 x 122 |
| Lot Size Acres | 0.29 |
| Road Surface Type | Paved,Asphalt |
| Lot Size Units | Square Feet |
| Covered Spaces | 1 |
| Road Frontage Type | Street Paved |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Income Average in 32117
Price
Taxes
Visits
Year Built
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All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Updated on May 19, 2024 5:39 AM UTC
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© 2024 Florida Gulf Coast MLS (FGCMLS) Information deemed reliable, but not guaranteed. The IDX data relating to real estate for sale on this web site comes in part from the Florida Gulf Coast Multiple Listing Service. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
