501 University Boulevard

Daytona Beach FL 32118

4628 sq. ft.

11250 sq. ft.

Multi-Family

Currently for sale - view listing

Overview

HUGE PRICE REDUCTION!!! Prime Location, WALKING DISTANCE TO THE BEACH!!! Great for an Investor or an owner-occupied to live in one of the units and enjoy collecting steady cash flow from the rest of the units 6 Block Units, On A big Corner lot, surrounded by beautiful houses, in a great well-kept neighborhood. 5 Units out of the 6 are occupied with way below market rent at $1000-$1100 each, some are on month-to-month status which gives the new buyer to increase rent to the estimated market rent due to the location and distance to the beach to $1500+. The 6th unit is a Huge wide 2/2, with a balcony and access to the backyard, and can be rented at $1800+(now offered as is for rent at $1600) There are separate electric meters for each unit, and one shared water meter, with a utility room, operated on coins. All units are in decent condition, but based on new buyer strategies tenants move out's, will need minor cosmetics such as repaint kitchen cabinets, and paint, etc... Showings based on a call to the agent, seller prefer an offer prior to showing, recommend to drive by first.