346 Clifton Avenue

Daytona Beach, FL 32117

$925,000
Price
16
Beds
4,801 Sq. Ft.
$193 / Sq. Ft.
4,801
Sq. Ft.
$193
per Sq. Ft.

Description

Fantastic turkey investment property package of 3 properties 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...Fantastic turkey investment property package of 3 properties 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.
  1. Listed by Byron Hebert • 24/7 Florida Realty

Property Details for 346 Clifton Avenue

Subdivision
Hopkins
Directions
From I95 & LPGA, east on LPGA, South on Nova, East on 3rd, cross over Center, North on Clifton, house is on the left.
Zoning
Single Family

Location

Listing Courtesy of 24/7 Florida Realty, Byron Hebert
Add your commute
LISTING UPDATED: 05/03/2024 04:15 PM

Property Details for 346 Clifton Avenue

StatusActive
MLS #1123196
Days on Market28
Taxes$5,502 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / 5+ Units
Year Built1955
Lot Size-
CountyVolusia County

Location

Listing Courtesy of 24/7 Florida Realty, Byron Hebert
Add your commute

Building Information for 346 Clifton Avenue

Stories-Residences5Year Built1955Building Size-Lot Size-

Payment Calculator

$5,507 per month

30 year fixed, 7.25% Interest

Principal and Interest

$5,048

Property Taxes

$459

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 346 Clifton Avenue

Summary
Location and General Information
  • Absolute Longitude: 81
  • Area: 35 - Mason to LPGA E of 95
  • Living Area: 4801.0
  • Building Type: Other
  • Total # Units: 5.0
Owner
  • Owner Pays: Electric, Exterminator, Gas, Hot Water, Insurance Exterior, Insurance Interior, Janitorial Service, Lawn Care, Maintenance Exterior, Management Fees, Real Estate Taxes, Trash Removal, Water
Parking
  • Parking: Carport, Lighted, Off Street
Taxes and HOA Information
  • Tax ID: 4242-40-05-0240
  • Taxes: $5,502.11
  • Tax Year: 2023
Property
Lot Information
  • Acreage: 0.29
  • Total Bldg SqFt: 6086.0
  • Cumulative DOM: 0
Property and Assessments
  • Document Count: 1
  • Legal: N 105 FT OF S 623 FT OF E 131 1/2 FT OF W 526 FT OF LOT 5 HOPKINS MAP FITCH GRANT PER D/C 6205 PG 4676 PER OR 6259 PG 1381 PER OR 7141 PG 2985 PER OR 7736 PG 0750
  • Type: Regular
  • SqFt Source: Property Appraiser
  • Maintenence Fee Paid: N/A
  • List Type: Exclusive Right of Sale
  • Style: 5+ Units
  • Special Conditions: Agent Owned, Equitable Interest
  • Meters: # Electric Meters: 3
  • Meters: # Water Meters: 3
  • Meters: # Gas Meters: 1
  • Documents & Disclosures: Presentation Package
Utilities
  • Utilities on Site: 208/220 Volt Svc., Circuit Breaker
  • Water: City
  • Sewer: Public Sewer
  • Air Conditioning: Central, Multiple Units, Wall/Window Units
  • Appliances: Dishwasher, Dryer in Unit, Microwave, Range, Refrigerator, Washer in Unit
  • Heating: Central, Electric
  • Outside: Public Bus
Interior and Exterior Features
Exterior Features
  • Construction: Concrete Block, Stucco
  • Roof: Composition Shingle, Metal
Interior Features
  • Inside: Ceiling Fans, Common Kitchen, Common Laundry, Individual Laundry, Smoke Detector
Multi Family
Income & Expenses Information
  • Financial Package: Yes
  • Financial Info: Gross Monthly Rent: $14,077.00
  • Financial Info: Total Annual Rent: $168,924.00
  • Financial Info: Annual NOI: $78,696.83
  • Financial Info: % Vacancy: $1.00
Unit 1 Information
  • # Units: 1
  • Full Baths: 2
  • Month Rent: 4810
  • Liv Ar SqFt: 1594
  • Description: 4B
  • Furnished: FL
  • Parking Spaces: 9
  • Half Baths: 1
  • unit_nbr: 1
  • bathroom: 2
  • rent: 4810
  • sqft: 1594
  • parking: 4B
  • lease: FL
  • furnished: 9
  • stories: 1
  • std_rent: 4810
  • std_baths: 2.0
Unit 2 Information
  • # Units: 1
  • Full Baths: 1
  • Month Rent: 3149
  • Liv Ar SqFt: 1032
  • Description: 4B
  • Furnished: FL
  • Parking Spaces: 2
  • Half Baths: 0
  • unit_nbr: 1
  • bathroom: 1
  • rent: 3149
  • sqft: 1032
  • parking: 4B
  • lease: FL
  • furnished: 2
  • stories: 0
  • std_rent: 3149.0
  • std_baths: 1.0
Unit 3 Information
  • # Units: 1
  • Full Baths: 1
  • Month Rent: 1299
  • Liv Ar SqFt: 400
  • Description: EF
  • Furnished: FL
  • Parking Spaces: 1
  • Half Baths: 0
  • unit_nbr: 1
  • bathroom: 1
  • rent: 1299
  • sqft: 400
  • parking: EF
  • lease: FL
  • furnished: 1
  • stories: 0
  • std_rent: 1,299.00
  • std_baths: 1
Unit 4 Information
  • # Units: 1
  • Full Baths: 2
  • Month Rent: 3620
  • Liv Ar SqFt: 1500
  • Description: 4B
  • Furnished: FL
  • Parking Spaces: 6
  • Half Baths: 0
  • unit_nbr: 1
  • bathroom: 2
  • rent: 3620
  • sqft: 1500
  • parking: 4B
  • lease: FL
  • furnished: 6
  • stories: 0
  • std_rent: 3620.0
  • std_baths: 2.0
Unit 5 Information
  • # Units: 1
  • Full Baths: 1
  • Month Rent: 1199
  • Liv Ar SqFt: 375
  • Description: EF
  • Furnished: FL
  • Parking Spaces: 2
  • Half Baths: 0
  • unit_nbr: 1
  • bathroom: 1
  • rent: 1199
  • sqft: 375
  • parking: EF
  • lease: FL
  • furnished: 2
  • stories: 0
  • std_rent: 1199.0
  • std_baths: 1.0

Property History for 346 Clifton Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 346 Clifton Avenue

Taxable ValueLand$27,500Additions$101,831Total$129,331
Tax Record2023$2,294 ($191 / month)
Home Facts
Beds3Baths2.5Total Finished SqFt1,498 SqFtAbove Grade Finished SqFt1,498 SqFtStories1Lot Size12,810 SqFtStyleSingle Family ResidenceYear Built1955Year Renovated1974ZoningR5CountyVOLUSIAAPN4242-40-05-0240

Schools near 346 Clifton Avenue

This home is within Volusia.
Rating
School
Type
Grades
Distance
Public - PK to 8
Public - 9 to 12
Charter - 9 to 12
Charter - PK to 12
Rating
School
Distance
Holly Hill School
PublicPK to 8

Mainland High School
Public9 to 12

Richard Milburn Academy
Charter9 to 12

The Chiles Academy
CharterPK to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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346 Clifton Avenue is a multi-family home for sale in Daytona Beach, FL 32117. This property was listed for sale on May 3, 2024 by 24/7 Florida Realty, it's currently listed at $925,000. It has been on the market for a total of 28 days and was last sold on August 15, 2019. This listing's school district is Volusia. Nearby schools include Holly Hill School, Mainland High School and Richard Milburn Academy. 346 Clifton Avenue is a 16-bed, 0-bath, 4,801 sqft multi-family home built in 1955.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of 24/7 Florida Realty, Byron Hebert

The information being provided by MFRMLS and Daytona Multiple Listing Service is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the consumer may be interested in purchasing. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of MFRMLS or Daytona Multiple Listing Service. Real estate listings held by brokerage firms other than this site owner are marked with the IDX/MLS logo. Information deemed reliable but is not guaranteed accurate by MFRMLS or Daytona Multiple Listing Service. Last updated: 05/03/2024 04:15 PM