HUGE OPPORTUNITY TO MAKE A KILLING! Located in the heart of all of Daytona's Highest Attractions. You will find a well maintained 6 unit Multi-Family property that could be your next cash cow. 6 Beds 8 Baths. INCOME AT 3, 225. 00 PER MONTH WITH 2 UNITS OWNER OCCUPIED. Walking distance to the Main Street Pier and Beach Access. With 100 occupancy rate (2 Units are owner occupied) this property is producing a NOI of 24, 800. 00 per year with plenty of room for easy increases. This prime piece of investment property offers One (1) One Bedroom - Two Bathroom Unit. Three (3) One Bedroom - One Bathroom Units and Four Studios With Bathrooms and Kitchenettes. Optimized For Maximum Rental Income Per Square Foot. A truly turnkey property that has plenty of income potential that has yet to be tapped into. Not In A Flood Zone And Did Great With The Hurricanes. 2018 Updated Roof. Each Unit Is Air Conditioned Via Window Unit. A Pre-Listing Inspection Has Been Performed Without Any Major Repairs Needed. Unit is on One Electric Meter. Solid electrical and plumbing. Invest into a growing Area In Florida. Long term tenants are in place and have been in place for multiple years. Owner occupies two units and will be an opportunity for instant income increase. Monthly leases are in place for maximum flexibility for the new owner to do any wanted renovations. However tenants are in place now for instant return on investment. This is the multi family property you've been waiting to acquire to your investment portfolio! 70K Per Door. Call today to inquire more information.
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William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 917.838.7300
Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $399,999 | $399,999 | $399,999 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.250% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.655% | 7.146% | 6.276% |
Monthly Tax Payment | $357 | $357 | $357 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $2,729 | $2,659 | $3,373 |
Total Monthly Payment | $3,160 | $3,090 | $3,804 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.