About 346 Clifton Avenue
Fantastic turkey investment property package of 3 properties, within 5 minutes of each other, 100% occupied with 16 tenants producing $14,175.00 gross monthly income listed at an unheard of 10.3% cap rate based on 2024 financials so far this year. Estimated 2024 NOI $95,942.87. 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.
Features of 346 Clifton Avenue
| MLS® # | 1123196 |
|---|---|
| Price | $925,000 |
| Bedrooms | 14 |
| Bathrooms | 8.00 |
| Full Baths | 7 |
| Half Baths | 1 |
| Square Footage | 4,801 |
| Acres | 0.29 |
| Year Built | 1955 |
| Type | Residential Income |
| Sub-Type | Multi Family |
| Status | Active |
Community Information
| Address | 346 Clifton Avenue |
|---|---|
| Area | 35 - Mason to LPGA E of 95 |
| Subdivision | Hopkins |
| City | Daytona Beach |
| County | Volusia |
| State | FL |
| Zip Code | 32117 |
Amenities
| Utilities | Other |
|---|---|
| Parking | Carport, Off Street, Varies by Unit |
| Is Waterfront | No |
| Has Pool | Yes |
| Pool | Other |
Interior
| Appliances | Washer, Refrigerator, Microwave, Electric Range, Dryer, Dishwasher |
|---|---|
| Heating | Central, Electric |
| Cooling | Central Air, Multi Units, Wall/Window Unit(s) |
| Fireplace | No |
| Stories | One |
Exterior
| Lot Description | Other |
|---|---|
| Roof | Metal, Shingle |
| Construction | Block, Concrete, Stucco |
Additional Information
| Zoning | Single Family |
|---|
Listing Details
| Office | 24/7 Florida Realty |
|---|