Triplex | ** Tucker St , Daytona Beach, FL 32114

$119,900 7 bd, 4 ba, 2,442 sqft

119,900

FOR SALE

7

4

Triplex

** Tucker St , Daytona Beach, FL 32114

Description:

The subject property is located in Volusia County. This property is not only the cheapest MFH in the entire city by PPSF, but it’s also the cheapest MFH in the entire county by PPSF and has the potential to earn an investor a 19% gross return. It can be purchased for 109.9k and needs an estimated total of 45k-50k in repairs. So you would be all into the project for roughly 160k after repairs and closing costs. The multifamily properties in the area lead us to believe this property has a PPSF of $110 equaling to an ARV of 270k. This means an investor has an estimated equity position of 110k and a cap rate of 15%. The oversized lot next door may be able to be subdivided or build another triplex/duplex on the existing foundation or add a manufactured home for additional rental income of 900/mo. 3/2: Rental rate of 1200/mo.
3/1: Rental rate of 1050/mo.
1/1: Rental rate of 400/mo

Property Details

Price:
$119,900
Address:
** Tucker St , Daytona Beach, FL 32114
City:
Daytona Beach
State:
Florida
Zip Code:
32114
Year Built:
1952
Terms:
For Sale
Property Type:
Home
Square Feet:
2,442
Bedrooms:
7
Bathrooms:
4
Const. Type:
CBS

Call (786) 565-8726 for more details

Property Location

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