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23517084
23517097

5070 Orange Boulevard, Port Orange, FL 32127

GH
SL 3285601
Heritage Realty Associates
Listed by Heritage Realty Associates
$990,000
380 days on market
Updated 11 days ago
Opportunity zone

5070 Orange Boulevard

Details
APN 6310-12-15-0120
Property Type Multifamily, Land
Sub Type Apartment Building, Residential (+1)
Square Footage 2,800
Units 3
Cap Rate 9.60%
NOI $105,500
Occupancy 90%
Class A
Year Built 1974
Buildings 1
Stories 1
Acreage 0.300
Zoning Multifamily - Short Term Rental
Parking Spaces 6 spaces
Parking Per SqFt 2.14
Investment Type Net Lease

GREAT INVESTMENT OPPORTUNITY IN PORT ORANGE ZONED SHORT TERM AND LONG-TERM RENTAL.

Marketing description

Turnkey Triplex Investment in Prime Port Orange Location - Zoned for Short & Long-Term Rentals. An exceptional opportunity for savvy investors with 9.6 per cent Cap Rate. Whether you're expanding your portfolio or stepping into the short-term rental market, this beautifully renovated triplex in Port Orange checks all the boxes. This fully updated 3-unit property is currently operating as a successful short-term vacation rental, offering strong income potential and flexible zoning for both short-term and long-term tenants. Each spacious 750 sqft. unit features: 2 bedrooms / 1 fully renovated bathroom Modern open-concept living space Stylish eat-in kitchens with brand-new, high-end appliances (stove, microwave, full-size refrigerator, dishwasher, toaster, coffee maker) All cookware, utensils, and kitchenware included - truly turnkey. In-unit washer and dryer for each apartment. Contemporary furnishings and tasteful design throughout. The comfort of outdoor seating, BBQ grill, a hot tub, and a kid-friendly playground all set within a private atmosphere offer an outstanding and a memorable experience to your guests. Nestled in a quiet, desirable Port Orange neighborhood, this property is just minutes from the beach, local dining, shopping, parks, and essential services. It's also only a few miles from vibrant Daytona Beach - home to year-round events, including NASCAR races, Bike Weeks events, Rockville Concerts, and all beachfront festivals. Each unit accommodates up to 6 guests. High-end finishes and stylish decor throughout. Proven short-term rental potential with established booking platforms. Rental rates during peak seasons can reach up to $500 per unit per night Strong and consistent income stream with a 9.60 Cap Rate. This Triplex gem is a rare find, combining style, comfort, convenience and great income potential. Don't miss out - schedule your private touring today!
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Listing Contacts

GH
SL 3285601
Heritage Realty Associates
Listed by Heritage Realty Associates

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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$105,500.00
$8,791.67/mo

Valuation Metrics

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DSCR
10.66%
Cap Rate
10.66%
ROI

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