9 Apartment Units, Daytona Beach, FL 32114

Posted November 8th, 2017 by Waterford Media
in
[See image gallery at floridahomeflipping.com]

Daytona Beach Apartment Units! Check out this deal before it is to late. This deal has a Total Monthly Gross Revenues of $5,655.

Electric is all individually metered and billed to tenant directly, water is master metered across the 3 units (3 bills come in) and is billed back to the tenants using the RUBS method.

Current Monthly Rent: $5655

Taxes: $5,000/ year for all 3 parcels

Insurance: $1,000/ year

Even accounting 10% for maintenance and 5% for vacancy, this property is trading at a 10% Cap Rate!

Rent Roll:

  • 340 Segrave Unit A: $675, 1 bed, 1 bath
  • 340 Segrave Unit B: $790, 2 bed, 1 bath
  • 411 Arroyo Unit 1: $775, 2 bed, 1 bath
  • 411 Arroyo Unit 2: $800, 2 bed, 2 bath
  • 413 Arroyo Unit 1: $523, 1 bed, 1 bath
  • 413 Arroyo Unit 2: $523, 1 bed, 1 bath
  • 413 Arroyo Unit 3: $523, 1 bed, 1 bath
  • 413 Arroyo Unit 4: $523, 1 bed, 1 bath
  • 413 Arroyo Unit 5: $523, 1 bed, 1 bath

The post 9 Apartment Units, Daytona Beach, FL 32114 appeared first on Mid Florida Investment Properties, LLC.