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3647 S. Atlantic Ave #3b, Daytona Beach Shores, FL 32118
3647 S. Atlantic Ave #3b, Daytona Beach Shores, FL 32118
Cancelled $165,000 $175,000 - Oceanfront Bed & Breakfast Condo
600 Sq Ft 1 Bedroom 1 Bathroom 1986 Year Built

Additional Details

  • Ideal Investment Strategy: Short-Term Rental (e.g. Air BnB, etc )
  • Potential ARV: $270,000 - $290,000
  • Estimated Rehab: $35,000 - $45,000
  • Projected Air Bnb Annual Income:: $3,033/Month
  • Construction: CBS
  • Occupancy: Call your Agent
  • Comp 1: 3647 S Atlantic Ave #5G, Daytona Beach Shores, FL 32118 -- 1/1/611 sq ft -- SOLD $300k MAY 2022 -- (Clean)
  • Comp 2: 3647 S Atlantic Ave #7C, Daytona Beach Shores, FL 32118 -- 1/1/600 sq ft -- SOLD $289k SEP 2022 -- (Updates Assumed)
  • Comp 3: 3647 S Atlantic Ave #906, Daytona Beach Shores, FL 32118 -- 1/1/600 sq ft -- SOLD $255k JUL 2022 -- (Clean)
  • Comp 4: 3647 S Atlantic Ave #9B, Daytona Beach Shores, FL 32118 -- 1/1/675 sq ft -- SOLD $255k JUL 2022 -- (Clean)
  • Rehab Description: For a short-term rental, cosmetic updates are optional. The property is already in excellent rental condition AS-IS. Fully furnished and updated 1 bedroom with one bath condo.
  • Features: Great opportunity to own one of the few buildings that allow 1-day rentals. A few steps to the beach for a stroll or just relaxing by the oceanfront heated pool and hot tub; this one-bedroom, one-bathroom condo is the ideal weekend getaway. Great for owners who are looking for rental income. Sliders open to the patio area from the living room offering a nice place to sit and enjoy the ocean breezes. Offset by spectacular views of the ocean, pier, city, and Intracoastal Waterway, this spacious unit has it all.
  • Important Details: --> Projected Air Bnb Revenue of $36,397 annually! --> Vacant at Closing! --> Condo association $780 monthly- covers pool, the exterior of the building, front desk, internet, water & basic cable --> $26,250 (Included in Rehab) Assessment for Hurricane Damage to be assumed by the buyer.
  • 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