This Multi-Family/apartment is one of a kind permanent income retirement property with fabulous views of the ocean sunrises and the Inter-coastal sunsets from the master bedroom window.
You are walking distance of the beach, the inter-/-coastal waterway that is fantastic for fishing, boating or just playing in the sun.
The home is located within a few short blocks of Main Street where you or your tenants will get to enjoy the following event: Bike Weeks, February/August Races at the Daytona International Nascar Speedway, Triathlon events, Holiday Parades, Truck Events, New Year’s Events, and more.
Nearby local restaurants, Bars/lounges, luxury theaters, fun attractions, and the Beach.
You can easily walk to the beach to swim and various locations that’s walking distance for a day of fishing.
The property has two units downstairs which includes 2 bedrooms and 1 bathroom. There is a large unit upstairs which includes a 3 Bedroom, 2 and a half bathrooms. The unit is a wonderful two floor French Loft Mediterranean Style with 2100 Square Foot Living space that has views of the beach and you don’t even have to go outside to see firework events, you can do that from the comfort of your own large bedroom.
The large unit upstairs is separated by one single door that could be easily converted for a 5th separate unit with a private entrance already in place and which is considered to be a mother-in-law area with its own restroom and kitchenette.
Upstairs also includes Unit #4 which is a 1 bedroom and 1 bathroom.
Units has tenants that are paying up to $2,000 per month and the large unit upstairs is occupied by the seller which also leaves room for new owner to rent the large unit exceeding the price of the smaller units or it could be converted/split into an extra unit as mentioned above to get additional income.
The basement has a restroom and shower installed that with space enough to also renovate to make a possible 6th unit.
The home was remodeled after hurricane Francis with new electric, and plumbing. The lower floor apartments were repaired with new drywall and mostly new plumbing, and the upper floors were renovated completely at that time.
The roof is newer, the home was recently painted, and it has a newer AC/heat system with new air handlers inside and a new compressor outside.
The apartments use window AC systems and backpack systems that are easy to repair or replace. This is a rock solid home that has easily weathered numerous storms with no major issues. The house has a potential of well over 12k income per month, or as currently run.
There are several laundry units downstairs for tenants/owner to occupy.
With all of the above opportunities described, this home could turn into a great home/investment with endless opportunities.
