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709 Ora St, Daytona Beach, FL – $595,000

  • $595k Price
  • 9 Beds
  • 5,074 Sqft
  • $595k Price
  • 9 Beds
  • 5,074 Sqft

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709 Ora St

BOOMING LOCATION! Growth and investment all around. NEW CONSTRUCTION behind and across the street on beach. Make your move and get your share of this growth. Make money now with existing buildings or rebuild and make money from a property that will attract much higher rents. Extraordinary income producing opportunity located only one street from the world's Most Famous Beach. 7 units (5- One bedroom and 2 -Two bedroom. Two buildings - 4 units in front building and 3 units in back building. All appliances included, carpeting replaced, floors updated with tile or wood. Several units natural hardwood. All in good condition. Separate electric meters. All units rented. These apartments are located directly across from the Daytona Beach Band shell, Ocean Shoppes, Atlantic Ocean and amusements.As of 05/31/2019, Gross Income $68,940. Expenses $19,333 Net Income $49,607 = Cap Rate 8.33% Rent Roll 2019 Apt 1 $875.00 Apt 2 $875.00 Apt 3 $975.00 Apt 4 $820.00 Apt 5 $625.00 Apt 6 $725.00 Apt 7 $850.00 ------------------- Monthly $5,745.00 Yearly $68,940.00 All units Gas and Water paid by landlord All units Electrical (FPL paid by tenants All units Stove and Refrigerator only are supplied by landlord Reported Expenses for year 2018 Water-------------------------------$5610.00 Gas----------------------------------$1908.00 Permits-----------------------------$327.00 Terminix Bond-------------------$493.00 Terminix Pest Control---------$595.00 County Taxes---------------------$5378.00 Property Insurance--------------$5022.00 (wind storm Insurance included in the total price but not necessary represents about $2K) ________________________________ Total $19,333.00 Revenues ------------------------$68,940.00 + Expenses ------------------------$19,333.00 - __________ $49,607.00

Essential Information

  • MLS® #1045917
  • Price$595,000
  • Bedrooms9
  • Square Footage5,074
  • Year Built1922
  • TypeResidential
  • Sub-TypeIncome Producing & Multi-Family
  • StyleStand Alone, Apartment Building, Side by Side
  • StatusActive

Community Information

  • Address709 Ora St
  • Area14 - Daytona Peninsula S of Seabreeze
  • SubdivisionMorrisseys
  • CityDaytona Beach
  • CountyVolusia
  • StateFL
  • Zip Code32118

Amenities

  • UtilitiesNatural Gas, 208/220 Volt Svc., Circuit Breaker
  • ParkingCarport, On Street, Off Street, Garage, Parking Lot

Interior

  • Interior FeaturesCeiling Fans, Security System, Cable TV, LR/DR Combo, No Laundry
  • AppliancesRefrigerator
  • HeatingCentral, Heat Pump, Natural Gas, Wall/Window Units
  • CoolingCentral, Heat Pump, Multiple Units, Wall/Window Units, Mixed

Exterior

  • Exterior FeaturesCurb/Sidewalks, Balcony/Decking
  • Lot Description6264
  • RoofComposition Shingle, Rolled
  • ConstructionConcrete Block, Wood Frame, Stucco Cover

Additional Information

  • ZoningMultiFam Over 10

Listing Details

  • OfficeWatson Realty Corp.
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© 2019 Daytona Beach Area Association of REALTORS®

Information Courtesy of Daytona Beach Area Association of REALTORS® Multiple Listing Service

IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and data is deemed reliable but is not guaranteed accurate by the MLS.