Description
Click Here to Access the Deal Room
– **Seller Financing Available**: 20% down, 5% interest, 40-year amortization, 7-year balloon payment
DOWN PAYMENT $496,000 REQUIRED
– **Property Type**: 16-unit multifamily building with one two-story apartment
– **Total Size**: Approximately 20,000 gross square feet on 0.52 acres
– **Unit Distribution**:
– Eight 1-bedroom/1-bath units (675 sq ft)
– Four 2-bedroom/1-bath units (978 sq ft)
– Four 2-bedroom/2-bath units (990 sq ft)
– **Utilities**: Electricity separately metered; landlord covers water, sewer, and trash
– **Investment Potential**: Opportunity to increase rental income with in-unit washers/dryers and interior upgrades
– **Ideal Location**: 10 miles from Daytona State College, Embry-Riddle Aeronautical University, and Halifax River
– **Job Growth**: Annual growth rate of 1.5% to 2.5% in Daytona Beach
– **Accessibility**: Under 30 minutes to Daytona Beach International Airport
– **Price**: $2,480,000
– ** Last Year 1 Cap Rate**: 6.51%
– **Location**: Ormond Beach, Florida
**Contact Info**: Call the VIP Commercial Team for more information at 407-453-3415.