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31352885
31352886

1216 Kennedy Rd, Daytona Beach, FL 32117

JP
FL SL3252472
The Apartment Brokers
TU
FL SL3470017
The Apartment Brokers
JS
FL SL3619366
Listed by The Apartment Brokers
$2,450,000
771 days on market
Updated 64 days ago

Kennedy Garden Apartments

Details
Property Type Multifamily
Sub Type Apartment Building
Units 20
Cap Rate 7.00%
Occupancy 100%
Pro-Forma Cap Rate 8.78%
Pro-Forma NOI $215,160
Broker Co-Op No
Class B
Year Built 1974
Stories 2
Investment Type Stabilized

20 Units in Daytona Beach | $122,500/unit

Marketing description

For additional info please email [email protected] or visit www.TheAptBrokers.com

Welcome to Kennedy Garden Apartments, a 20-unit apartment building in Daytona Beach, FL. This meticulously maintained building offers a lucrative investment with strong rental potential and a desirable unit mix. Each of the 20 units features two bedrooms and one bathroom, offering approximately 900 square feet of living space. The roof was replaced in 2019, ensuring structural integrity and providing peace of mind for both residents and property owners.

There is an on-site leasing office that streamlines tenant interactions, leasing processes, and property management, enhancing the building's operational efficiency. Tenants are responsible for their electricity bills, while the landlord covers water and sewer expenses. With a fully occupied building and competitive rental rates, this property offers a consistent and reliable income stream for investors.

Investment highlights

  • All 2 Bed 1 Bath Units

  • On Site Leasing Office

  • Professionally Managed

  • Concrete Block Construction

  • Opportunity to Raise Rents $400 per unit

Listing Contacts

JP
FL SL3252472
The Apartment Brokers
TU
FL SL3470017
The Apartment Brokers
JS
FL SL3619366
Listed by The Apartment Brokers

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Additional Information

Name
Florida Realty Investments
License
CQ1030553
Title
Broker of Record
Brokerage Address
3451 technological avenue suite 11 orlando fl 32817
Name
Tito Urbano
License
SL3470017
Brokerage
Florida Realty Investments
Brokerage Phone
(407) 207-2220
Title
Sales Associate
Brokerage Address
Parking lot
Name
Jose Sifontes
License
SL3619366
Brokerage
The Apt Brokers/FRI
Brokerage Phone
407-640-8183
Title
Real Estate Agent
Brokerage Address
Parking lot
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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