🏖️💰 Rare Find! 14-Unit Beachside Multi-Family Gem with Huge Value-Add Potential! 💰🏖️

Description

Investors, this is the opportunity you’ve been waiting for to level up your portfolio and reach new financial heights! 📈💼 Located just one street away from the beach in desirable Daytona Beach, this 14-unit multi-family property offers immense potential for value enhancement and lucrative returns. 🌟💰

Property Highlights:

🏠 Address: Braddock Ave, Daytona Beach, FL 32118
🛏️ Bedrooms: 14 | 🛁 Bathrooms: 14
📏 Total Finished Size: 7,120 sqft | 🏞️ Lot Size: 15,000 sqft
🏢 Stories: 2 | 🛠️ Year Built: 1967
🏗️ Exterior Walls: Concrete Block | ❄️ Cooling: Central | 🔥 Heating: Central
🅿️ Parking Type: Other
🏢 Zoning: Multifamily (5+ Units)
💰 After Repair Value (ARV): $2,350,000 | 🛠️ Estimated Rehab: $390,000
🏠 Market Rent: $19,600.00 | Est. Cap Rate: 13.89%
💰 Net Rental Income: $177,079.58
🛠️ Value-Add Opportunity: With an estimated $390k rehab investment, including electrical, plumbing, HVAC, and finish upgrades, you can unlock the true income potential of this property and significantly increase its value. 📈✨

🏝️ Beachside Location: Situated just steps from the beach, these one-bedroom, one-bath units offer desirable living for tenants seeking the coastal lifestyle.

💼 Investment Strategy: Whether you’re looking for cash flow, long-term appreciation, or a strategic exit plan, this property offers versatile investment options to suit your goals. 💼💰

📈 Income Potential: With projected rents averaging $1400 per unit, you can expect a gross annual income of $235,200, positioning this property as a lucrative income generator. 💰💼

💡 Exit Strategies: Cash flow, refinance and hold, or capitalize on increased value to flip to an investor seeking turnkey income properties.

🏢 Expense Considerations: Although there’s no HOA, we’ve factored in estimated expenses for taxes, insurance, and property management to provide a comprehensive financial analysis.