1216 Kennedy Rd - Apartments FOR SALE


Daytona Beach, FL 32117- Greater Daytona
$2,450,000 USD
321-388-4394
1216 Kennedy Rd, Daytona Beach, FL for Sale
$2,450,000 USD
Apartments - FOR SALE
1/5
null | 7% Cap Rate

1216 Kennedy Rd
Daytona Beach, FL 32117
Greater Daytona


HIGHLIGHTS

  • All 2 Bed 1 Bath Units
  • On Site Leasing Office
  • Roof Replaced in 2019

OVERVIEW

Welcome to Kennedy Garden Apartments, a 20-unit apartment building in Daytona Beach, FL. This meticulously maintained building offers a lucrative investment with strong rental potential and a desirable unit mix. Each of the 20 units features two bedrooms and one bathroom, offering approximately 900 square feet of living space. The roof of the building was replaced in 2019, ensuring structural integrity and providing peace of mind for both residents and property owners. There is an on-site leasing office that streamlines tenant interactions, leasing processes, and property management, enhancing the building's operational efficiency. Tenants are responsible for their electricity bills, while the landlord covers water and sewer expenses. With a fully occupied building and competitive rental rates, this property offers a consistent and reliable income stream for investors.

FOR SALE DETAILS

PRICE

$2,450,000 USD

PRICE/SF

$122 USD /SF

# OF UNITS

20

PRICE/UNIT

$122,500

CAP RATE

7%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Kennedy Garden Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1974

PARKING SPACES

20

LAND DETAILS

LAND ACRES

0.81 AC

LAND SF

35,284 SF

ZONING

RES (Residential)

APN/PARCEL ID

4244-01-20-0086

ASK ABOUT THIS PROPERTY

Johnny PullmanThe APT Brokers.comMore Info
321-388-4394

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Johnny PullmanThe APT Brokers.comMore Info
321-388-4394

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