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19855139
19855140

1018 Cutters Way, South Daytona, FL 32119

RJ
Ray Joy Realty LLC
Listed by Ray Joy Realty LLC
$775,000
658 days on market
Updated 120 days ago

1018 Cutter Way Storage

Details
APN 5344-16-00-1385
Property Type Industrial, Office (+4)
Sub Type Warehouse, Traditional Office (+24)
Square Footage 4,926
Net Rentable (SqFt) 8,000
Units 16
Cap Rate 12.08%
NOI $93,600
Tenancy Multi
Lease Type Gross
Price per SqFt $157
Broker Co-Op Yes
Year Built 1977
Year Renovated 2024
Buildings 3
Stories 2
Acreage 0.230
Zoning BHC

16 Unit Storage facility With 2 Apartments and Cabinet Shop ***OWNER FINANCING***

Marketing 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 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!*** Units are 95% full with a waiting list.

Investment highlights

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Listing Contacts

RJ
Ray Joy Realty LLC
Listed by Ray Joy Realty LLC

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$93,600.00
$7,800.00/mo

Valuation Metrics

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DSCR
12.08%
Cap Rate
12.08%
ROI

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