19 Hollywood ave - Apartments FOR SALE


Daytona Beach, FL 32118- Daytona Beach Shores
$1,850,000 USD
386-999-1762
19 Hollywood ave, Daytona Beach, FL for Sale
$1,850,000 USD
Apartments - FOR SALE
1/15
null | Request Cap Rate

19 Hollywood ave
Daytona Beach, FL 32118
Daytona Beach Shores


HIGHLIGHTS

  • New roofs in 2020 & 2021 for all 3 buildings.
  • All tenants are current on their rent (no accounts receivable).
  • Unit mix includes: 5 studios, 3 (one bedrooms), 4 (two bedrooms), and 1 (3 bedroom).

OVERVIEW

Presenting a prime investment opportunity, this beachside multifamily property comprises 14 units. With a desirable Daytona Beach location and a history of high occupancy, this property offers stability and potential for a prospective investor. Recent upgrades include new roofs installed in 2020 and 2021 across all 3 buildings, ensuring low maintenance costs. Additionally, all tenants are current on their rent, eliminating accounts receivable concerns. This low-rise/garden-style property represents a lucrative and attractive investment with a strong historical performance and significant potential for future growth.

FOR SALE DETAILS

PRICE

$1,850,000 USD

PRICE/SF

$328 USD /SF

# OF UNITS

14

PRICE/UNIT

$132,143

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Kona Kai Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1939

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,158 SF

ZONING

R

APN/PARCEL ID

5304-01-17-0051,5304-01-17-0061

ASK ABOUT THIS PROPERTY

Michael BaxterSVN | Alliance Commercial Real Estate AdvisorsMore Info
386-999-1762

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Michael BaxterSVN | Alliance Commercial Real Estate AdvisorsMore Info
386-999-1762

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