121 Marion Ave - Apartments FOR SALE


Edgewater, FL 32132
$3,800,000 USD
866-468-6487
121 Marion Ave, Edgewater, FL for Sale
$3,800,000 USD
Apartments - FOR SALE
1/5
null | Request Cap Rate

121 Marion Ave
Edgewater, FL 32132


HIGHLIGHTS

  • Assumable Loan at 3.75% Fixed
  • Concrete Block Construction
  • Tenants Pay for All Utilities

OVERVIEW

100Units.com presents Halifax Court Apartments which is a 28 unit multifamily complex. The property is constructed of concrete block with pitched shingle roofing, consisting of 1 two-story apartment building with approximately 28,920 gross square feet and is situated on 1.70 acres. The unit mix is all two bedroom two bathroom units with approximately 1,025 gross square feet. Electric and water are separately metered and paid for by the tenants. The units feature central HVAC and a private balcony or patio. Assumable loan at 3.75% fixed, $1,900,000 due in 2032, monthly payments of approximately $9,800. This property is ideally located just under 5 miles to New Smyrna Beach and under 30 minutes to Daytona Beach International Airport.

FOR SALE DETAILS

PRICE

$3,800,000 USD

PRICE/SF

$266 USD /SF

# OF UNITS

28

PRICE/UNIT

$135,714

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Halifax Court Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1985

PARKING SPACES

25

LAND DETAILS

LAND ACRES

1.7 AC

LAND SF

73,852 SF

ZONING

-

APN/PARCEL ID

8402-49-01-A010

ASK ABOUT THIS PROPERTY

Joe LaFleur100Units.comMore Info
866-468-6487

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Joe LaFleur100Units.comMore Info
866-468-6487

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.