Nestled along the southern peninsula of Daytona Beach is this five-bedroom, four-bathroom, three-story triplex offering tons of opportunity. The bottom unit consists of a two-bedroom, one-bathroom apartment that rents on month-to-month terms for $860 per month. Rental comps in the area show two-bedroom beachside apartments renting for $1400+ per month. The middle unit is a two-bedroom, two-bathroom, more expansive unit that rents on month-to-month terms at $1,000 per month. With some simple updating, this unit could command market rent for $1500+ per month. Finally, the upstairs unit is a studio, one-bathroom unit that also offers the luxury of a rooftop lookout with a beautiful view of the beaches. It currently rents on month-to-month terms at $600 per month, however, market rent in the area shows $900 per month is easily attainable.
Similar properties in the vicinity have recently sold for a median price of $184 per square foot, valuing the property at over $395,000 once the property is commanding market rent. Opportunities like this typically sell fast, so call US today!