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219 S. Atlantic Ave, #316, Daytona Beach, FL 32118
219 S. Atlantic Ave, #316, Daytona Beach, FL 32118
SOLD! $74,990 $799,990 - Oceanfront Bed & Breakfast Condo
345 Sq Ft 0 Bedroom 1 Bathroom 1961 Year Built

Additional Details

  • Ideal Investment Strategy: Rental/Resale
  • Potential ARV: $135,000 - $150,000
  • Estimated Rehab: $15,000 - $30,000
  • Comparable Rent: $1,250
  • Construction: CBS
  • Occupancy: Call your Agent
  • Comp 1: 219 S Atlantic Ave Unit 338, Daytona Beach, FL 32118 -- 1/1/344 sq ft -- SOLD $173k NOV 2022 -- (Clean; Partial-Updates)
  • Comp 2: 219 S Atlantic Ave Unit 431, Daytona Beach, FL 32118 -- 1/1/476 sq ft -- SOLD $152k FEB 2023 -- (Clean; Partial-Updates)
  • Comp 3: 219 S Atlantic Ave Unit 302, Daytona Beach, FL 32118 -- 1/1/322 sq ft -- SOLD $142k JUL 2022 -- (Clean; Partial-Updates)
  • Rehab Description: This is an Easy Rehab!!! The property is currently gutted ready for a new layout or complete renovation with new finishes, drywall, kitchen, bathroom, and flooring. This rehab figure includes furnishing for Short-Term Rentals!
  • Features: This Triple-Threat, Beachfront Condo in Daytona Beach is a CASH COW! Projected at over $35k in annual revenue, unit can be rented nightly, weekly or monthly. The HOA payment covers utilities, water, trash, electric, heating, A/C, internet, TV, building's laundry room, also the facility maintenance; also assessments have already been paid and are current! Located in the heart of Daytona Beach, walking distance to the Pier and famous Joe's Crab Shack, the Boardwalk, the Bandshell, the Ocean Center, shops, restaurants, movie theater, and other attractions. Don't miss out on this opportunity to unlock the potential of this unit, it won't last long!
  • Important Details: --> Vacant at Closing! --> Assessments Paid & Current --> Projected Short-Term Rental Revenue of $35,709 with a 64% Occupancy Rate @ $94/night (see airbtics.com) --> COA Fee @ $439/mo covers: Cable TV, Escrow Reserves Fund, Maintenance Exterior, Maintenance Grounds, Manager, Sewer, Trash, Water
  • Hard Money: Pre-Approved by PropertyForce Funding for up to 60% LTV – See PropertyForce Funding Tab
Property Location

Baraka Waweru

Contact

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Julian Kasky

Contact

Baraka Waweru