709 Ora St

$595,000, 9 Beds 6,264 Sqft .14 Acres

About This Property

BOOMING LOCATION! Growth and investment all around. NEW CONSTRUCTION behind and across the street on beach. Make your move and get your share of this growth. Make money now with existing buildings or rebuild and make money from a property that will attract much higher rents. Extraordinary income producing opportunity located only one street from the world's Most Famous Beach. 7 units (5- One bedroom and 2 -Two bedroom. Two buildings - 4 units in front building and 3 units in back building. All appliances included, carpeting replaced, floors updated with tile or wood. Several units natural hardwood. All in good condition. Separate electric meters. All units rented. These apartments are located directly across from the Daytona Beach Band shell, Ocean Shoppes, Atlantic Ocean and amusements.As of 05/31/2019, Gross Income $68,940. Expenses $19,333 Net Income $49,607 = Cap Rate 8.33% Rent Roll 2019 Apt 1 $875.00 Apt 2 $875.00 Apt 3 $975.00 Apt 4 $820.00 Apt 5 $625.00 Apt 6 $725.00 Apt 7 $850.00 ------------------- Monthly $5,745.00 Yearly $68,940.00 All units Gas and Water paid by landlord All units Electrical (FPL paid by tenants All units Stove and Refrigerator only are supplied by landlord Reported Expenses for year 2018 Water-------------------------------$5610.00 Gas----------------------------------$1908.00 Permits-----------------------------$327.00 Terminix Bond-------------------$493.00 Terminix Pest Control---------$595.00 County Taxes---------------------$5378.00 Property Insurance--------------$5022.00 (wind storm Insurance included in the total price but not necessary represents about $2K) ________________________________ Total $19,333.00 Revenues ------------------------$68,940.00 + Expenses ------------------------$19,333.00 - __________ $49,607.00

Essential Information

MLS® #1045917
Price$595,000
Bedrooms9
Square Footage6,264
Acres0.14
Year Built1922
TypeMultifamily
Sub-Type5+ Units
StatusActive

Style

Stand Alone, Apartment Building, Side by Side

Community Information

Address709 Ora St
SubdivisionMorrisseys
CityDaytona Beach
CountyVolusia
StateFL
Zip Code32118

Area

14 - Daytona Peninsula S of Seabreeze

Amenities

Utilities

Natural Gas, 208/220 Volt Svc., Circuit Breaker

Parking

Parking Lot, Carport, On Street, Off Street, Garage

Interior

AppliancesRefrigerator

Interior Features

Ceiling Fans, Security System, Cable TV, LR/DR Combo, No Laundry

Heating

Central, Heat Pump, Natural Gas, Wall/Window Units

Cooling

Wall/Window Units, Central, Heat Pump, Multiple Units, Mixed

Exterior

Lot Description6264
RoofComposition Shingle, Rolled

Exterior Features

Curb/Sidewalks, Balcony/Decking

Construction

Concrete Block, Wood Frame, Stucco Cover

Additional Information

ZoningMultiFam Over 10

Listing Details

OfficeWatson Realty Corp.

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© 2019 Daytona Beach Area Association of REALTORS®

Information Courtesy of Daytona Beach Area Association of REALTORS® Multiple Listing Service

IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and data is deemed reliable but is not guaranteed accurate by the MLS.

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