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    725 N Peninsula Drive

    Daytona Beach, FL 32118
    • $385,000
    • STATUS: Active
    • ON SITE: 62 days
    • MLS #: 1074814
    UPDATED: 62 min ago
    $385,000
    • 6
      BEDS
    • 0
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,000
      SQFT
    • $128
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1921
    County:

    School Ratings & Info

    Description

    Have you been looking for an incredible real estate investment? THIS IS IT! The owners have given considerable investment into this property (125,000 since they bought it and into the stuff that actually matters, some you can see and some you can't) and can have it ready for any VA or FHA buyer. The upgrades are too many to list! Here is a property, that over the last 12 months, brought in $74,000 in gross revenue EVEN DURING THE PANDEMIC....I dare you to find that anywhere else at this price. Go ahead.......I'm waiting.....that's what I thought. Then you tell yourself, but if I move in, I won't make that kind of money occupying a unit there. But that wouldn't be entirely true if you were fine with living in the basement, with its own private steps and entrance. The ACTUAL CAP Rate for thelast 12 months is 6.71% and when you see the breakdown, you'll be happy to find that number includes an $18,000 PER YEAR budget for CAPEX, a manager, a lawn guy, a cleaner......So you tell me how awesome it would be having a $18,000 a year budget to invest in your home and not have to manage it, clean it and still make 6.71%.....It's a rhetorical question. I know I know. SO what are you waiting for? STOP-DONT WAIT ONE MOMENT LONGER because I have 3 more surprises. The first one is this property comes fully furnished with everything and I mean EVERYTHING there. The second is there is no flood insurance required and if you want to know the 3rd one, you'll have to call the listing agent. I would characterize this surprise as THE "THE MONEY SHOT".

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    © 2020 Daytona Beach Area Association of Realtors®, Inc.All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Team Zimmerman | Adams Cameron & Co. Realtors. Data last updated: 2020-10-26T08:24:55.357.
    www.realestateportorange.com/homes/109343282
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    725 N Peninsula Drive Daytona Beach, FL 32118

    • Price: $385,000
    • Status: Active
    • Updated: 62 min ago
    • MLS #: 1074814
    6
    Beds
    0
    Baths
    0
    ½ Baths
    0
    Acres
    3,000
    SQFT
    $128
    $/SQFT
    1921
    Built
    Neighborhood:
    East Daytona
    County:
    Volusia
    Area:
    Daytona Peninsula N of Seabreeze
    Property Description
    Have you been looking for an incredible real estate investment? THIS IS IT! The owners have given considerable investment into this property (125,000 since they bought it and into the stuff that actually matters, some you can see and some you can't) and can have it ready for any VA or FHA buyer. The upgrades are too many to list! Here is a property, that over the last 12 months, brought in $74,000 in gross revenue EVEN DURING THE PANDEMIC....I dare you to find that anywhere else at this price. Go ahead.......I'm waiting.....that's what I thought. Then you tell yourself, but if I move in, I won't make that kind of money occupying a unit there. But that wouldn't be entirely true if you were fine with living in the basement, with its own private steps and entrance. The ACTUAL CAP Rate for thelast 12 months is 6.71% and when you see the breakdown, you'll be happy to find that number includes an $18,000 PER YEAR budget for CAPEX, a manager, a lawn guy, a cleaner......So you tell me how awesome it would be having a $18,000 a year budget to invest in your home and not have to manage it, clean it and still make 6.71%.....It's a rhetorical question. I know I know. SO what are you waiting for? STOP-DONT WAIT ONE MOMENT LONGER because I have 3 more surprises. The first one is this property comes fully furnished with everything and I mean EVERYTHING there. The second is there is no flood insurance required and if you want to know the 3rd one, you'll have to call the listing agent. I would characterize this surprise as THE "THE MONEY SHOT".
    Exterior Features

    Construction SidingWood Frame Parking GuestOff StreetOn StreetParking Lot Parking Spaces 6 Roof Composition Shingle

    Interior Features

    Air Conditioning CentralMixedWall/Window Units Appliances DishwasherDryer in UnitMicrowaveRangeRefrigeratorW/D HookupWasher in Unit Heating CentralMixedWall/Window Units Sq Ft Total 2988.00

    Property Features

    Electric Meters 3 Franchise Opt In Yes Gas Meters 1 Homestead Exempt Yes Maint Fee 0.00 Maint Fee Paid N/A Sewer Public Sewer Special Conditions None Sq Ft Source Other Style Triplex Total Annual Rent 73855.70 Water City

    Listing courtesy of Maxwell Van Noppen of Exp Realty Llc.


    © 2020 Daytona Beach Area Association of Realtors®, Inc.All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Team Zimmerman | Adams Cameron & Co. Realtors. Data last updated: 2020-10-26T08:24:55.357.
     
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    Team Zimmerman | Adams Cameron & Co. Realtors
    1100 Dunlawton Avenue
    Port Orange FL, 32127