Investment Property For Sale
362 Hand Avenue, Ormond Beach, Florida 32174
Sold: $640,000
Property Details
Property Type
Improved property
Building Type
Freestanding
Building Size
5,650 sqft
Land Size
1.19 acres
Zoning
B-5
Year Built
1980
Parcel No
A portion of 4242-08-02-0010
Property Description
10% Cap Rate.
Great cash flow.
Gross income $70,020 in 2017.
Projected gross income for 2018 is $72,120.
Expenses in 2017:
Real Estate Taxes $7,201.50.
Property Insurance $4,000.
Lawn Maintenance $4,000.
Site: 239+/- front feet on Coolidge Avenue, 217+/- feet of depth.
5,650 SF building leased to Kid City Day Care.
Great level site with mature trees.
Located at the northwest corner of Hand Avenue and Coolidge Avenue one block west of US Highway 1 and one mile to Nova Road.
Location
Contact
John W. Trost, CCIM
SVN | Alliance Commercial Real Estate Advisors