Mary Mauzy - Coldwell Banker Coast

Description

Historic Hotel in the heart of Daytona Beach. A local landmark for over 100 years. Convenient location near groceries, shopping, Downtown Daytona Beach. Fully leased. 20 rooms stay rented with minimal vacancy. 26 residential units total (3 suites can be separated as two rooms). Parking: 14 spaces. Manager's suite is a 2BR, 2BA apartment. Easy business, guests consist of primarily weekly and monthly rentals, not day to day. Property consists of 2 parcels , 110 ft of frontage on US1/Ridgewood Ave. Current annual NOI: $95,000 with potential of over $120,000. Rents vary from $480 to $1,100 / mo depending on unit. Most tenants are on reliable Federal income. Partially renovated and recently inspected by the city. Could use additional TLC for increased income. IMPORTANT - DO NOT DISTURB TENANTS

Details

MLS#1046692
Sub-TypeResale
StatusActive
Year1915
Days On Site38

Features

SQ Feet10,600
Units26
Building(s)1

Market Activity 32114

Loading Form

Loading Form

Area Information

StateFL
CountyVolusia
CityDaytona Beach
Zip Code32114
Area32 - Daytona Beville to ISB, E of 95
Listing VS Median (in 32114)
Price:
$990,000
low | high
Med:
$120,000
100% of Average
SqFt:
10,600
low | high
Med:
1,646
100% of Average
$ / SqFt:
$93
low | high
Med:
$75
70.064947831383% of Average
On Site:
38
low | high
Med:
30.5
100% of Average
Listing Updated: 09/18/2018
MLS Number: 1046692
Listing Provided By:
Carlos Bravo  of  Karlhaus Realty