Beachside Multi-Family: Daytona Beach, FL

[Jim Iorio]

I have a wholesale deal on a great cashflow property just blocks from the beach in Daytona Beach, FL.  The property has 3 units bringing in $1900/mo in Gross Rents.  The property is currently 100% occupied in its "as-is" condition.

This triplex is in definite need of some work, but a prospective buyer could walk into instant cashflow in its current condition, and then make repairs as you hold the property.

The area has several big time projects coming (Hard Rock Cafe, Highrise condos, upscale schopping center, etc.) over the next 1-2 years.  Plus, this particular property is zoned in a redevelopment district which means there may be funds available for repairs.

Any cashflow investor would experience a 12% CAP rate at the current asking price: $98,000. CASH OR HARD MONEY ONLY. Message me for more details/pics if interested!