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
Square Footage6,264
Year Built1922
Sub-Type5+ Units


Stand Alone, Apartment Building, Side by Side

Community Information

Address709 Ora St
CityDaytona Beach
Zip Code32118


14 - Daytona Peninsula S of Seabreeze



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


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



Interior Features

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


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


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


Lot Description6264
RoofComposition Shingle, Rolled

Exterior Features

Curb/Sidewalks, Balcony/Decking


Concrete Block, Wood Frame, Stucco Cover

Additional Information

ZoningMultiFam Over 10

Listing Details

OfficeWatson Realty Corp.

Get directions to this property:

© 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.

Have a Question?

Contact LUXE

Follow LUXE

The LUXE Group at Oceans Luxury Realty

3162 South Atlantic Ave, Daytona Beach Shores, FL 32118

© Copyright 2019, Real Estate Webmasters All Rights Reserved.
Daytona Beach Oceanfront Condos | Ormond Beach Homes | Ponce Inlet Real Estate  •  Site Map  •  Listings Site Map  • Privacy Policy