10 unit 10 cap!
Multifamily | 10 Units | $125,000/unit
Marketing description
Welcome to 115 Bellevue in Daytona Beach, Florida, where an exceptional investment opportunity awaits you. This multifamily property offers a total of 10 units spread across four buildings, making it an ideal investment for those looking to generate steady rental income. Each of the residential rental units within this property is available for lease at an attractive rate of $1,250.00 per unit, presenting a promising potential for substantial returns. The units have been thoughtfully designed to provide comfortable living spaces for tenants, ensuring their satisfaction and long-term occupancy. One notable feature of this property is that all four buildings have recently undergone a significant upgrade with brand new asphalt shingle roofs, installed just six months ago. This improveme
This improvement not only enhances the aesthetic appeal of the buildings but also offers reassurance and protection from the elements for years to come.
Moreover, the property boasts relatively new air conditioning units, which were installed within the last five years. This ensures that the tenants will enjoy efficient cooling and heating systems, resulting in a comfortable living environment throughout the year.
Additionally, each unit has its own separate electric meter, providing tenants with individual control and responsibility for their electricity usage. However, it is worth noting that Unit 4, a studio apartment, shares its meter with Unit 2. This shared arrangement allows for ease of utility management while still maintaining the convenience and independence of separate meters for the majority of the units.
115 Bellevue offers a prime location in Daytona Beach, Florida, known for its beautiful beaches, vibrant entertainment, and thriving tourist industry. The property's proximity to various amenities such as restaurants, shopping centers, and recreational facilities further adds to its appeal, attracting potential tenants seeking convenience and a desirable lifestyle.
Whether you are an experienced investor looking to expand your portfolio or a first-time buyer seeking a profitable real estate venture, 115 Bellevue presents a unique opportunity to acquire a well-maintained multifamily property with immense potential. Don't miss the chance to invest in this income-generating gem in the heart of Daytona Beach.
Investment highlights
Daytona Beach, Florida is a popular tourist destination known for its beaches, motorsports, and events such as the Daytona 500. Some potential investment highlights for the area include:
Tourism: Daytona Beach attracts millions of visitors each year, providing opportunities for investing in hotels, vacation rentals, and other tourism-related businesses.
Motorsports: The city is home to the Daytona International Speedway, which hosts NASCAR and other motorsports events, as well as the Motorsports Hall of Fame of America. Investing in businesses that cater to race fans, such as hotels, restaurants, and souvenir shops, could be a good opportunity.
Real estate: The popularity of the area for tourism and retirement can make for strong demand for both vacation and long-term rentals, as well as second homes and retiree communities.
Retirement: The area has a growing population of retirees, which can lead to opportunities in healthcare, assisted living, and other senior-focused businesses.
Education: Daytona Beach is home to Daytona State College and Embry-Riddle Aeronautical University, two colleges with a large student population. Investing in student housing or businesses catering to college students could be a good opportunity.
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