About 346 Clifton Avenue
Fantastic turkey investment property package of 3 properties, within 5 minutes of each other, 100% occupied with 16 tenants producing $14,077.00 gross monthly income listed at an 8.5% cap rate based on actual 2023 financials. An unheard of 9% cap rate based on 2024 financials so far this year. You may have heard the term house hack or PadSplit, these are fully furnished rentals, rented out individually by the room. All furnishings are included in the sale, and 45 days of management training included. The current owners have been doing this business model since 2011. It’s 100% turnkey, tenants are all on month by month leases for flexibility, however on average most tenants stay 12-18 months, some even longer All of the properties are in great shape and have no deferred maintenance. Properties included in the sale: Property #1: 6 bedroom 2 bath house, Property #2: 4 bedroom 1 bath house and detached studio apartment with full kitchen and bath. Property #3: 4 bedroom 2 bath house and attached studio apartment with full kitchen and bath. Full financials, property list, and additional details with signed non-disclosure agreements. A licensed Florida Real Estate Agent owns legal interest in the property.
Residential Income home for sale in DAYTONA BEACH, FL at 346 Clifton Avenue. This 14 bedroom Residential Income home is priced at $193/sqft
Features of 346 Clifton Avenue
| MLS® # | O6202329 |
|---|---|
| Price | $925,000 |
| Bedrooms | 14 |
| Bathrooms | 7.00 |
| Square Footage | 4,801 |
| Acres | 0.29 |
| Year Built | 1955 |
| Type | Residential Income |
| Sub-Type | Multi-Family |
| Status | Active |
Community Information: Daytona Beach
| Address | 346 Clifton Avenue |
|---|---|
| Area | Daytona Beach |
| Subdivision | HOPKINS FITCH GRANT |
| City | DAYTONA BEACH |
| County | Volusia |
| State | FL |
| Zip Code | 32117 |
Amenities of 346 Clifton Avenue
| Is Waterfront | No |
|---|---|
| Has Pool | No |
Interior of 346 Clifton Avenue
| Interior Features | Ceiling Fans(s), Primary Bedroom Main Floor, Solid Wood Cabinets, Stone Counters, Thermostat, Window Treatments |
|---|---|
| Appliances | Dishwasher, Dryer, Electric Water Heater, Exhaust Fan, Microwave, Range, Refrigerator, Washer |
| Heating | Electric, Exhaust Fan |
| Cooling | Central Air, Wall/Window Unit(s) |
| Fireplace | No |
Exterior of 346 Clifton Avenue
| Exterior Features | Lighting |
|---|---|
| Lot Description | Corner Lot, City Limits, Level, Paved |
| Roof | Metal, Shingle |
| Foundation | Crawlspace, Slab |
Additional Information On 346 Clifton Avenue
| Date Listed | May 4th, 2024 |
|---|---|
| Days on Market | 13 |
| Zoning | 09R5 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | 24/7 FLORIDA REALTY |
|---|