All Forum Posts by: Jim Iorio

This is a 2 BR/1 BA 875 sq. ft. property in the heart of Daytona Beach.  The house is fire-damaged, but still structurally sound.  The fire started in the kitchen, and mostly caused smoke damage, and some minimal damage to the roof.

Purchase: $15k + cc

Rehab: $15-$20k

ARV: $50-$60k

I have a great rehab project with historic charm available.  The property sits on a double lot in New Smyrna Beach, FL ( a very desirable area of Volusia County).  Property was built in 1941, but has remained remarkably intact!  Would need a full cosmetic rehab, but would be the best house on the block when you're done!  More information/pictures available upon request!

PP: $45K + cc

Rehab: $50K

ARV: $120K-$130K

Current price is $24,900

Rehab: $30,000

ARV: $80-$90K

3 BR/1 BA Fix & Flip property in Oak Hill, FL!  Property sits on 1/2 acre of land fronting along U.S. Hwy 1, which allows for potential commercial development.  Structure is a solid, Concrete Block structure, but needs a complete gut & cosmetic rehab, as well as a new roof.  However, with a price this low you can't go wrong!  Message me here, or e-mail me at [email protected], for more information/photos.

I'm sorry.  Forgot to include the asking price: $750,000

I have a discounted wholesale property right on the beach in New Smyrna Beach, FL. Property is currently tenanted, but will be made vacant at closing.  Very minor TLC is needed on the property, and comps in the area are going for $950k and up.

This is a highly desirable area of Volusia County with very limited inventory, and a highly coveted "sleepy beach town" feel.

The address and pictures can be found at the link below:

https://www.dropbox.com/sh/ftwm0ao05am1uah/AABC9Qw...

If you have any questions, or are interested in purchasing, please e-mail me at [email protected], or message me here on biggerpockets.  Thanks!

I apologize.  That was a typo.  The property is grossing more like $25,000/mo. and $300,000/year.  I have a financial breakdown if you want to see it, just send me your e-mail.

I have, pending acquisition, a 40-room boarding house in downtown Daytona Beach, FL. There is currently 100% occupancy, and the building is grossing $22,000 in monthly rent. Annual NET cashflow is over $200,000 per year, and the property has a 30% CAP rate at my asking price of $700,000.

Again, this property is a boarding house, so it IS management intensive but the cashflow is worth the work.

Everything is in working order, and there are no major repairs needed.

***ASKING PRICE $700,000***

Reply to this thread, or send a private message with your e-mail to receive a full breakdown of financials.

Port Orange, FL (Greater Daytona Beach area) - Mixed Use Fixer Upper! There are 2 buildings on-site. The front building needs a lot of cosmetic repairs, but currently has a 2 BR/1 BA house, a huge "bar" area that could be converted into more beds/baths, and a commercial storefront right along U.S. HWY 1.

Second building is more recently updated, and would need very minimal repairs. There are 2 3 BR/1 BA apartments, a workshop, and a washer/dryer in the 2nd building.

When fully rented, all rental units bring in a combined total of $2,750/mo.

***ASKING 90K OBO*** CASH OR HARD MONEY ONLY!!!

I have a 3 BR/1 BA property available in Orange City, FL.  Western Volusia County has a very strong rental market, and this property sits just minutes from downtown Deland, shopping, fine dining, and Stetson University.

Property would only need a good cleanup to be rented for $700/mo. That is strong ROI at the current asking price of $30,000!!

Details:

3 BR/1 BA

936 sq. ft

14,000 sq. ft. Lot

2013 Taxes: $347.12

Message me if you're interested in purchasing. CASH OR HARD MONEY ONLY. Thanks!