Basics
Description
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Description:
Fantastic turkey investment property package of 3 properties 100% occupied with 16 tenants producing $14,077.00 gross monthly income listed at an 8.5% cap rate based on actual 2023 financials. An unheard of 9% cap rate based on 2024 financials so far this year. You may have heard the term house hack or PadSplit, these are fully furnished rentals, rented out individually by the room. All furnishings are included in the sale, and 45 days of management training included. The current owners have been doing this business model since 2011. It's 100% turnkey, tenants are all on month by month leases for flexibility, however on average most tenants stay 12-18 months, some even longer All of the properties are in great shape and have no deferred maintenance.
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Location
- Directions: N 105 FT OF S 623 FT OF E 131 1/2 FT OF W 526 FT OF LOT 5 HOPKINS MAP FITCH GRANT PER D/C 6205 PG 4676 PER OR 6259 PG 1381 PER OR 7141 PG 2985 PER OR 7736 PG 0750
- Area: Daytona Beach
Miscellaneous
- Compensation Disclaimer: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.
- Bonus Amount: $3,189,655.17
- Association Y/N: No
- Listing Agreement: N/A
- Subdivision Name: Hopkins
- Payment: 0.00
- Zoning: Single Family
Listing Office
- Listing Office ShortId: o10254
- Listing Office Name: 24/7 Florida Realty
- Listing Office Phone: (386) 675-1101
Amenities & Features
- Fireplace Y/N: Yes
