Fairview Ave., Daytona Beach, FL 32114

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A great off market cash cow multi-family located in the heart of Daytona Beach! This property sits as a triplex and consists of three 1/1 units. Two units located in the bottom floor and one on the second floor. This corner lot property sits on a sizable .27-acre parcel and has a large backyard area, nice sized bedrooms and living room area. Don’t miss out on this perfect investment opportunity!

For the exterior, an area of the siding needs to be repaired. A roof patch may be needed in unit 3. Units 1, 2 and 3 need ceiling, drywall and floor repairs in some areas. If units are/become vacant, it is recommended to update all kitchens and bathrooms to boost rental income.

Important Details / Seller Notes

***Buyer agrees to assume property with current occupants. Tenant estoppel or lease will be provided prior to closing.***

• 1/1 Unit- Vacant
• 1/1 Unit 2- Rent $500 Security $300
• 1/1 Unit 3- Rent $700
• Separate meters.
• Tenants are month to month
• Zoning is for 10 units or less

Rogers, No HOA

Assignable

Est. Rehab: $20,000 – $30,000

Current Rent: $1,200

• Market Rent: $2,100

Est. ARV: $150,000

Recent Area Sales / Activity:

• 118 MULLALLY ST FRAME LLC BOUGHT ALL CASH $160,000 4plex
• 208 FAIRVIEW AVE 2/1 2741 SF SOLD LLC 1/11/18 FOR 120,000 ALL CASH