$600,000

201 Kost Road

South Daytona FL, 32119

Description

An opportunity to own Brick and Mortar and lock in generationally low interest rates. 7 units - each are 2 bed / 1 bath. Below market rents. The actual cap rate at the current rents is 6.3%. At market rents, the proforma cap rate is 8%.Walk to River, Boat Ramp at Riverfront, Veteran Memorial Park, Publix, Votran & shopping. Great rental location.

Details

MLS#1069289
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1971
Days On Site19

Features

SQ Feet6,105
Units6
Building(s)1

Market Activity 32119

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Area Information

StateFL
CountyVolusia
CitySouth Daytona
Zip Code32119
Area25 - Daytona S of Beville, E of Nova
Listing VS Median (in 32119)
Price:
$600,000
low | high
Med:
$164,450
100% of Average
SqFt:
6,105
low | high
Med:
1,355
100% of Average
$ / SqFt:
$98
low | high
Med:
$124
24.040955172551% of Average
On Site:
19
low | high
Med:
112.500000
16.888888888889% of Average
Listing Updated: 04/05/2020
MLS Number: 1069289
Listing Provided By:
Norma Campbell  of  Coldwell Banker Commercial Benchmark