40k in equity on day one! Here’s a rare find in River house Condominiums, located on the Intercoastal of Daytona Beach. This off-market unit has ample equity, as you will see from the recent comps. This condo is a 3rd-floor unit, currently tenant-occupied through March of 2023 at the below-market rate of $850 per month. The pro-forma rent should be around $1,200 per month. The pictures in this profile are from three years ago. The maintenance fee covers pest control, cable, water, one of the largest condo pools on the river, tennis courts, and clubhouse. Furthermore, the unit has a nice screened-in balcony, and to the left is the courtyard pool and the Halifax River.
This complex has approximately 18 boat slips available for unit owners with no docking fees. There’s currently a waiting list. If you’re looking to own waterfront property, this one can be purchased at an investor-friendly price! This complex is within walking distance to the Chart House, Halifax Marina, Downtown Daytona Beach, Jackie Robinson baseball park, Beach Street, and all the great downtown restaurants. Please contact us, as water front condos do not last long..