9.63% Cap Rate- Multi-Family
1381 Virginia Avenue, Daytona Beach, Florida 32114
Sold: $650,000
Property Details
Property Type
Residential
Building Type
Freestanding
Building Size
9,732 sqft
Land Size
0.6 acres
Units
10
Sewer
City
Water
City
Zoning
Multi Family
Electric
FPL
Year Built
1981
Cap Rate
9.96%
Included
10 Units, 1 Single Family Home
Construction
Concrete Block
Property Description
Remarkable Opportunity!! Pro-forma 9.63%. 10 unit apartment complex with an added bonus of a single family residence. Unit breakdown is four 2BR/2BA, four 2BR/1BA and two 1BR/1BA. House is a two bedroom and two bath with approx. 780 sq ft of living area. Property is well maintained. Rents are below market .
