Listing Courtesy of: Byron Hebert - 24/7 Florida Realty
386-675-1101
$925,000
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346 Clifton Avenue Daytona Beach, FL 32117
Other
Residence
16
Beds
Baths
...
Bed/Bath
6,086
Sq. Ft.
Property Activity
Time on Site
days
Days on Market
Views
Saves
Fantastic turkey investment property package of 3 properties 100% occupied with 16 tenants producing $14,077.00 gross monthly income listed at an 8.5% cap rate based on actual 2023 financials. An unheard of 9% cap rate based on 2024 financials so far this year. You may have heard the term house hack... or PadSplit, these are fully furnished rentals, rented out individually by the room. All furnishings are included in the sale, and 45 days of management training included. The current owners have been doing this business model since 2011. It's 100% turnkey, tenants are all on month by month leases for flexibility, however on average most tenants stay 12-18 months, some even longer All of the properties are in great shape and have no deferred maintenance.
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MLS#
1123196
Property Type
Other
Bedrooms
16
Year Built
1955
Square Feet
6,086
sq. ft
Price per Sq. Ft.
$192.67
Lot Size
0.29
Sewer
Public Sewer
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