709 Ora St

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

About This Property

BOOMING LOCATION! CAP RATE 8.5% 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 - One Bed & Bonus Room. 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 To avoid conflict or inconveniencing our tenants, all showings must go through our Real Estate Agent and be approved in advance. Interested investors are invited to drive around the premises anytime, but interior showings will require advance appointment (2-3 days) and proof of funds prior to the showing. Only accepted offers can see all units. 2020 Rent Roll Apartment 1 $875 Apartment 2 $900 Apartment 3 $975 Apartment 4 $820 Apartment 5 $625 Apartment 6 $750 Apartment 7 $900 TOTAL - MONTHLY $5,845 TOTAL  YEARLY* $70,140 *All rentals leases end June 30th 2020 and we will increase accordingly. Each less has a 30 day cancellation clause. *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 2019 Water $5,610 Gas $1,908 Permits $327 Terminex Bond $493 Terminex Pest Control $595 County Property Taxes $5,378 Property Insurances $5,022 (Includes Wind Storm $2K/yr) TOTAL EXPENSES YEARLY $19,333 CAP RATE Income $70,140 Expenses $19,333 Net Operating Income (NOI) $50,807 CAP RATE 8.54% *All financials provided by seller and should be verified by buyer.

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

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

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

Central, Heat Pump, Multiple Units, Wall/Window 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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© 2020 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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