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131 S Halifax-6 Unit Apartment Complex

$705,000

131 South Halifax Avenue, Daytona Beach, FL 32118

Active
Last Updated: 01/22/2025

7.87

Cap Rate

55,500

NOI

Details:
Cap Rate:    7.87%
NOI:    $55,500
Building Size:    4,977 sqft
Lot Area:    0.23 acres
Units:    6
Year Built:    1956
Zoning:    MF < 10
Floors:    2
Parking Spots:    13
Description:

Fantastic Opportunity to own rare CONCRETE BLOCK 6-Unit Apartment buildings on BEACHSIDE in Daytona Beach! 1st 2 Story building contains 4 units, all 1 bedroom, 1 bath each 500 sq. ft. and all upgraded. 2nd building has a 1/1 of 500 sq. ft. and a 2/1 with 650 sq. ft. of living area. 5 Units have Central AC, while one unit has a window unit. Amazing 13 Parking Spaces on site. Roof replaced in 2016. All Units have separate electric meters and pay their own electric, one water meter paid by owner. Buildings on a corner lot, close to ISB, shops, restaurants and entertainment and steps to the Worlds Most Famous Beach!


One Block from International Speedway Blvd, which is going through a major redevlopment into entertainment zone....Restaurants, shopping, etc: And only a few blocks from the Ocean!


Very Rare CONCRETE BLOCK BUILDINGS Beachside. Units renovated, AC in 5 Units. Current Rents below Market.

Map:
Documents:
Title
131_S_Halifax_Rent_Roll.pdf
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Location
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