Across the street from the New Smyrna Beach Golf Course - Property was just recently fully renovated top to bottom37 units -24 units 2 bed 1 bath apartments (rent is $1095/m) and 13 units 3 bed 2 bath town-homes (rent is $1195/m the new tenants and RE-leases are 1295/m) Tenants pay an additional $125/m for water/sewer/cable/internet. Each 2/1 is approximately 1012 sq ft each and Each 3/2 is approximately 1250 sq ft each with a total of 40,538 total sq ft. Approximately 4.13 acres of land with 61 parking spaces for 6 buildings and an Extra Building pad to build a new building (8 units) value add position! All of these items are NEW: Roofs, Windows, Sliding Doors, Siding, Paint in and out, Bath and Kitchen cabinets, Granite counter tops, Appliances, Faucets, Carpet (upstairs), Vinyl (upstairs wet areas), Tile (downstairs), Sinks, Shower Valves, Common lighting, Repaved Parking Lot, Retention pond pump, Gutters, and Blinds. Most AC units new, Most new hot water heaters, Washer Dryer hookup in each unit. Recently new Certificate of Occupancy, Recently inspected by Fire Department and Building Officials. Units are filling up with more tenants every month and the property is over 95% full. Take over now and raise the rents higher on new incoming tenants.
13 17 33 IRREG PARCEL IN GOVT LOT 2 S OF WAYNE AVE BEING 494.5 FT ON N/L & 256.63 FT ON W/L & 569.15 FT ON S/L INC PER OR 5053 PG 2683 & PER OR 6536 PG 3409 PER OR 6585 PG 4485 PER OR 7037 PG 1892 PER OR 7443 PG 4764
Minimum Lease Term:
Net Operating Income:
Additional Amenity Fees:
Tenant pays an additional $125/m for internet/cable/water/sewer/trash