$595,000
709 Ora Street
Daytona Beach, FL 32118
MLS# 1045917
9 beds  |  5074 sqft

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709 Ora Street, Daytona Beach, FL 32118
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709 Ora Street, Daytona Beach, FL 32118 709 Ora Street, Daytona Beach, FL 32118 709 Ora Street, Daytona Beach, FL 32118 709 Ora Street, Daytona Beach, FL 32118 709 Ora Street, Daytona Beach, FL 32118 709 Ora Street, Daytona Beach, FL 32118 709 Ora Street, Daytona Beach, FL 32118 709 Ora Street, Daytona Beach, FL 32118 709 Ora Street, Daytona Beach, FL 32118 709 Ora Street, Daytona Beach, FL 32118 709 Ora Street, Daytona Beach, FL 32118 709 Ora Street, Daytona Beach, FL 32118 709 Ora Street, Daytona Beach, FL 32118 709 Ora Street, Daytona Beach, FL 32118 709 Ora Street, Daytona Beach, FL 32118 709 Ora Street, Daytona Beach, FL 32118 709 Ora Street, Daytona Beach, FL 32118 709 Ora Street, Daytona Beach, FL 32118 709 Ora Street, Daytona Beach, FL 32118 709 Ora Street, Daytona Beach, FL 32118 709 Ora Street, Daytona Beach, FL 32118 709 Ora Street, Daytona Beach, FL 32118 709 Ora Street, Daytona Beach, FL 32118 709 Ora Street, Daytona Beach, FL 32118 709 Ora Street, Daytona Beach, FL 32118 709 Ora Street, Daytona Beach, FL 32118 709 Ora Street, Daytona Beach, FL 32118 709 Ora Street, Daytona Beach, FL 32118 709 Ora Street, Daytona Beach, FL 32118 709 Ora Street, Daytona Beach, FL 32118 709 Ora Street, Daytona Beach, FL 32118 709 Ora Street, Daytona Beach, FL 32118 709 Ora Street, Daytona Beach, FL 32118 709 Ora Street, Daytona Beach, FL 32118 709 Ora Street, Daytona Beach, FL 32118 709 Ora Street, Daytona Beach, FL 32118 709 Ora Street, Daytona Beach, FL 32118 709 Ora Street, Daytona Beach, FL 32118 709 Ora Street, Daytona Beach, FL 32118 709 Ora Street, Daytona Beach, FL 32118 709 Ora Street, Daytona Beach, FL 32118 709 Ora Street, Daytona Beach, FL 32118 709 Ora Street, Daytona Beach, FL 32118 709 Ora Street, Daytona Beach, FL 32118 709 Ora Street, Daytona Beach, FL 32118 709 Ora Street, Daytona Beach, FL 32118 709 Ora Street, Daytona Beach, FL 32118 709 Ora Street, Daytona Beach, FL 32118 709 Ora Street, Daytona Beach, FL 32118 709 Ora Street, Daytona Beach, FL 32118 709 Ora Street, Daytona Beach, FL 32118 709 Ora Street, Daytona Beach, FL 32118 709 Ora Street, Daytona Beach, FL 32118 709 Ora Street, Daytona Beach, FL 32118 709 Ora Street, Daytona Beach, FL 32118

Property Description
BOOMING LOCATION! CAP RATE 8.5% 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.

Details
Maps
Contract Information
Listing Date: 2018-07-23
List Price: $595,000
List Price/SqFt: 117.26
List Price/Acre: 98.12
Current Price: $595,000
Location, Tax & Legal
Street #: 709
Street Name: Ora
Street Suffix: Street
County: Volusia
State/Province: FL
Zip Code: 32118
Area: 14 - Daytona Peninsula S of Seabreeze
Style: 5+ Units
Tax ID: 530404080130
Homestead Exempt: No
Directions: ISP East past Ridgewood over bridge to A1A, turn left north past Ocean Center & parking garage, then left on Ora Street.
General Property Description
Number of Units: 7
Bedrooms: 9
# Parking Spcs: 7
Supra: No
Living Area: 5074
SqFt - Total: 6264
SqFt Source: Property Appraiser
A/V Surveillance: No
Acreage: 6064
Year Built: 1922
New Builder Home: No
As Is Cond: Yes
Special Contingency: No
Zoning: Multi-Family
Zoning (Text): MultiFam Over 10
Subdivision: Morrisseys
Property Name: Seabreeze Apartments
Financial Pkg: No
Maint Fee Paid: N/A
Lot SqFt: 6264
Road Frontage: 50
Depth: 127
Franchise Opt In: No
Status Change Info
Status: Active
Financial Info
Gross Monthly Rent: 5845
Gross Income: 70140
Net Operating Income: 50807
Meters
# Electric Meters: 8
# Gas Meters: 3
# Water Meters: 1
Property Features
Building Type: Apartment Building; Side by Side; Stand Alone
Construction: Concrete Block; Stucco Cover; Wood Frame
Land Type: Corner Lot
Utilities on Site: 208/220 Volt Svc.; Circuit Breaker; Natural Gas
Air Conditioning: Central; Heat Pump; Mixed; Multiple Units; Wall/Window Units
Heating: Central; Heat Pump; Natural Gas; Wall/Window Units
Appliances: Refrigerator
Parking: Carport; Garage; Off Street; On Street; Parking Lot
Roof: Composition Shingle; Rolled
Inside: Cable TV; Ceiling Fans; LR/DR Combo; No Laundry; Security System
Outside: Balcony/Decking; Curb/Sidewalks
Tenant Pays: Cable TV; Electric; Insurance Interior
Owner Pays: Gas; Hot Water; Lawn Care; Maintenance Exterior; Water; Water Treatment
Sewer: Public Sewer
Special Conditions: None
Supplements
These apartments are located directly across from the Daytona Beach Band shell, Ocean Shoppes, Atlantic Ocean and amusements To avoid conflict or inconveniencing our tenants, all showings must go through our Real Estate Agent and be approved in advance. Interested investors are invited to drive around the premises anytime, but interior showings will require advance appointment (2-3 days) and proof of funds prior to the showing. Only accepted offers can see all units. 2020 Rent Roll Apartment 1 $875 Apartment 2 $900 Apartment 3 $975 Apartment 4 $820 Apartment 5 $625 Apartment 6 $750 Apartment 7 $900 TOTAL - MONTHLY $5,845 TOTAL  YEARLY* $70,140 *All rentals leases end June 30th 2020 and we will increase accordingly *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 2019 Water $5,610 Gas $1,908 Permits $327 Terminex Bond $493 Terminex Pest Control $595 County Property Taxes $5,378 Property Insurances $5,022 (Includes Wind Storm $2K/yr) TOTAL EXPENSES YEARLY $19,333 CAP RATE Income $70,140 Expenses $19,333 Net Operating Income (NOI) $50,807 CAP RATE 8.54% *All financials provided by seller and should be verified by buyer.

Listing Office: Watson Realty Corp.

Last Updated: March - 26 - 2020

Listing data provided by the Daytona Beach Area Association of REALTORS®' Internet Data Exchange (IDX) program. Data is believed to be accurate but not warranted.

Monday 6th of April 2020 08:02 AM