Listed by KW Commercial Coral Gables-Coconut Grove
$4,855,000
2550 Tulane Ave
Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 1,020
Units 28
Cap Rate 5.73%
Class B
Year Built 1967
Year Renovated 2019
Buildings 1
Stories 2
Lot Size (SqFt) 28,376
Zoning MFR-40
Multifamily | 28 Units | $173,393/unit
Marketing description
New Roof Installed in 2021
Lease Renewals at $1,650 and $1,500 per Unit
Separate Water Meters in Tenants' Names, Saving Owner Thousands Annually
Washer/Dryer in All Units
Seller open to Seller Financing (50% down cash)
Property Included:
- 2550 Tulane Ave/2525 N Oleander Ave, Daytona Beach, FL 32118
- Contiguous Parcels with 28 Units
- All Units Are 2-Bedroom
- Separate Electric and Water Meters; Tenants Cover Utility Costs
Renovations Include:
- Upgraded Kitchens with Granite Countertops
- Updated Bathrooms
- Premium Tile Flooring
- Updated Windows, Doors, Stucco, Appliances, HVAC, etc.
Additional Details:
- Just 1 Block from the Beach
- Walking Distance to Restaurants and Publix Shopping Center
Seller Will Consider Selling Both Buildings Together or Separately (Second building is neighboring building at 2525 N Oleander Ave, Daytona Beach, FL 32118)
Note: Information is deemed reliable but not guaranteed; prospective buyers should verify all details.
Listing Contacts
Listed by KW Commercial Coral Gables-Coconut Grove
Valuation Calculator
Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$--
$--
Valuation Metrics
0
DSCR
--
Cap Rate
--
ROI
Broker Selected Comps View More Comps
Property History
Similar Properties
Additional Information
Name
License
Brokerage
Is there information that looks off?
