218-222 N Oleander Avenue 228 N Oleander Avenue

Highlights:

• Average Occupancy Rate: 94.0
• Age: Over 50 Years Old
• Appliances: Washer
• Body Of Water: Ocean
• Cooling: Window A/C
• Exterior: Double Pane / Storm Windows
• Exterior Living Space: Porch
• Flooring: Laminate
• Heating Fuel Type: Gas
• Location: Ocean Block
• Lot Size: Under 1/2 Acre
• Road Type: City / Town Street
• Roof: Asphalt Shingle Roof
• Sewer: Public
• Water: City Water

Description:

Introducing the Seahorse Apartments of Daytona Beach Florida. This 17 unit apartment complex is just 3 streets from the beach. Sitting on two adjacent parcels with a freshly paved parking lot and full exterior and interior rehab this property is fully updated! Since taking ownership the owners put updated siding and wood on exterior walls and gave each building a new paint coat. All windows were updated and hurricane grade shutters will be installed prior to close. All exterior meters were updated as well and they are separately metered. All 17 units went through full rehabs, with new LVP flooring through out and brand new window HVAC units. All kitchens got new appliances, new counter-tops and new water heaters. Bathroom fully updated along with bedroom, new paint, new fixtures and vanities. Electrical was also brought up to code with copper wiring & all new panels in each unit. Plumbing was converted to PVC for each unit. The middle building and the right building are gas powered, as the left building is electric. Currently the property is operating at a 6.2 Cap with room to improve on rent values as the property is renting below market value.

Documents: