4 Unit Income property just 2 blocks from the Beach. 4 rental units plus 1 car garage that could possibly be converted to a 5th efficiency unit or lease as a garage for additional income. Total gross monthly rental income is $5,600. Tenants pay their own power (4 power meters). Landlord pays the water bill of approximately $350 per month (1 water meter). One of the tenants does basic lawn maintenance. The seller may consider holding a private mortgage with 50% down and acceptable terms.
Financial Considerations
Price:
$650,000
HOA Fee:
N/A
Tax Amount:
$6338.52
Price per SqFt:
$228.71
Tax Legal Description:
E 1/2 OF LOT 8 & LOT 9 BLK 1 MARSHALL PARK DAYTONA BEACH PER OR 3563 PG 0013 PER OR 7142 PG 1294