988-998 Derbyshire Rd - Storefront CONDO FOR SALE


Daytona Beach, FL 32117- Greater Daytona
$135,900 USD
813-544-2241
988-998 Derbyshire Rd, Daytona Beach, FL for Sale
$135,900 USD
Storefront CONDO - FOR SALE
1/6
null | Request Cap Rate

988-998 Derbyshire Rd
Daytona Beach, FL 32117
Greater Daytona


HIGHLIGHTS

  • City water, electricity, and septic connections available
  • 6 AC units, all operational and well-maintained
  • Owner Financed Deal: 5-Year Balloon at 4.75%

OVERVIEW

Asking price: $651,000 with OWNER FINANCING option Down Payment: $135,900 (due at closing) Note: $515,100 Payment Terms: Monthly Payment to Seller: $2,609.9/month $31,319.2/year Interest Rate: 4.5% with a 5-year balloon Amortization period: 30 Years No prepayment Penalty Current Gross Monthly Rent: $4,597.26 Current Gross Yearly Rent: $55,167.12 Expenses: $11,699.44 Current NOI: $43,467.68 Current Cap Rate: 6.37% Potential Gross Monthly Rent: $6,250.00 Potential Gross Yearly Rent: $75,000.00 Expenses: $0.00 (Potential NNN lease) Potential NOI: $75,000.00 Potential Cap Rate: 11.52% Showing a property visit by appointment only. Call\ Text to schedule Disclaimer: Acre Expert LLC is a team of real estate developers and investors. We buy, sell, and hold properties for investment purposes. We are not licensed real estate brokers. This property is being marketed based on our equitable interest via an assignable contract or as the property owner. All information is provided as-is. Buyers are encouraged to perform their own due diligence.

FOR SALE DETAILS

PRICE

$135,900 USD

PRICE/SF

$45 USD /SF

CAP RATE

Request Cap Rate

# OF UNITS

1

CONDO SIZE

-

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

3,000 SF

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1986

SPRINKLERS

-

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.59 AC

LAND SF

25,866 SF

ZONING

B-5

APN/PARCEL ID

5202-00-00-0620

ASK ABOUT THIS PROPERTY

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813-544-2241

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Dror AttiasAcre ExpertMore Info
813-544-2241

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