Location:Daytona Beach, Florida,
Ships to: Free Local Pickup,
Item:183697436877Daytona Beach Florida Investment Property 9% Cap Rate – Return on Investment $50,000 a year Gross Income 7 Total Units Warehouse and Garage Space Overhead Doors Concrete Block Construction Man Cave Ready Store your Cars, Motorcycles, Trailers, Boats, and have a place to drink beer away from your wife and kids, and have the rest of the tenants pay your bills!! Have Your Attention Yet?? Attention Investors, Car Boat Motorcycle Dealers, Race Teams, Paint & Body Shop, Auto Fabricators, Car Collectors, or someone in need of a man cave. Take a look at this incredibly versatile multi unit commercial building centrally located in the heart of Daytona Beach. Extremely versatile commercial M-1 zoning opens the possibilities to any number of uses; Warehouse Rental, Landscaper, Construction Company, Auto Service & Sales, Automotive Retail, Repair, Paint, or Body Shop, Wholesalers, Manufacturing, Cabinet Maker, ETC. Property consists of two concrete block buildings with 7 Units total, one being a double unit. Each unit is approx 1,000 square feet, has an overhead garage door, two entry doors, and a full bathroom. Gated and fenced property with camera system. Ample trailer, truck, employee parking. Units are fully rented with long term tenants and separate electric meters. With a gross income of nearly $50,000 and an 9% cap rate, makes this property very attractive for the right investor or owner/user. This complex is centrally located right in the center of Daytona Beach, only 4 miles to the racetrack, 5 miles to I-95, 2 miles to the beach. There are two vehicle lifts on property. One is a 9,000 pound 2 post lift, which is outside toward the rear of lot. The other is located in my unit (inside) a 10,000 pound 4 post drive on lift. Lifts are negotiable with sale. Gross Income with 100% Occupancy: $49,200 per year. Breakdown of Yearly Expenses: $4,088 – Taxes $1,878 – Insurance $3,900 – Water/Sewer/Garbage $1,250 – Repairs/Maintenance $3,198 – 6.5% Sales Tax $14,314 – Total Yearly Expenses $34,886 – Net Yearly Income. Overall, this is a tremendous opportunity to acquire a turn key rental property in the heart of Daytona Beach, providing a high rate of return, and a place to park your toys for all the events the area has to offer, all the while tenants pay your bills, mortgage, expenses, etc. And with the new tax laws in effect, the amount of tax advantages and write offs are staggering at this price point. For more info, contact Clint by email, or text or call 386-679-8444.Condition:See Full Description., Seller State of Residence:Florida, State/Province:Florida, Availability:For Sale, Property Address:Daytona Beach, ZIP/Postal Code:32114, Type:Multi-Business Complex, City:Daytona Beach, Lot Size (acres):1, Square Footage:6700, Year Built:1987
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Daytona Beach Florida Investment Property Commercial Rental Income Real Estate