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1018 Cutter Way Storage
16 Unit Storage facility With 2 Apartments and Cabinet Shop ***OWNER FINANCING***
Listing Contacts
RJ Ray Joy Realty LLCLicense: FL
Active
Asking Price: $799,000
Address
1018 Cutters Way, South Daytona, FL 32119
Show on MapDate Added
Aug 20, 2024
Days on Market
218 days
Time Since Last Update
10 days
Details
Property TypeIndustrial, Land, Mixed Use, Multifamily, Office, Retail, Self Storage, Special Purpose
SubtypeAuto Shop, Commercial, Creative Office, Distribution, Executive Office, Farm, Garage/Parking, Shopping Center, Single Family Rental Portfolio, Storefront, Traditional Office, Warehouse, Automotive Dealership, Automotive Parts, Automotive Repair, Construction/Contractor, Electronics Store, General Appliance, Interior Design, Junkyard, Other, Real Estate, Specialty Services, Vehicle Rental
Lease TypeGross
TenancyMulti
Number of Tenants16
Square Footage4,926
Net Rentable (sq ft)8,000
Price/Sq Ft$162.20
Cap Rate11.71%
NOI$93,600
Units16
Year Built1977
Year Renovated2024
Buildings3
Stories2
ZoningBHC
Lot Size (sq ft)10,201.75
Broker Co-OpYes
INTELLIGENCEMarketing Description
Storage Facility. {16 units} with 2 apartments 1 efficiency, 1 - 3 bedroom. Fully remodeled , Granite, New appliances , New AC, New Water Heaters, Metal Roof, New Bathrooms (exterior and interior) and a Cabinet Making Shop. Owner will finance. Permanent tenant. ZONING BHC Business Heavy Commercial. $7650 + / month income at full capacity. ***TURN KEY OPERATION WITH OWNER FINANCING!*** ALL CASH BUSINESS.
7 units 11.3`x13` each rent for about $150/month = $1050/month.
4 units 11.3`x23` each rent for about $250/month = $1000/month
2 units 35`x11.3` each rent for about $400/month = $800/month
1 Efficiency office/apartment rents for $1200/month
1 3 bedroom office/apartment rents for $2200/month
1 Cabinet shop 22`x33` Rents for $1400/month
2 Covered spaces Rent for $200/month = $400/month
4 Grass parking spaces rent for $75/month = $300/month
Gross: $8350.00 a month + additional outside parking
Investment Highlights
Copy and paste HTTP if link does not work.
Click for virtual tour 1 => https://my.matterport.com/show/?m=PFiHNnGdV4X&lang=en
Click for virtual tour 2 => https://my.matterport.com/show/?m=V7bet9NcN2i&lang=en
Click for virtual tour 3 => https://my.matterport.com/show/?m=bkeSc8xG3n5&lang=en
Click for virtual tour 4 => https://my.matterport.com/show/?m=h9S9EYAcD88&lang=en
Valuation Calculator
Valuation Calculator
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$93,600.00
$7,800.00/mo
Valuation Metrics
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0
DSCR
11.71%
Cap Rate
11.71%
ROI
Property History
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Due Diligence
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Listing Contacts
RJ Ray Joy Realty LLCLicense: FL
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