5070 Orange Blvd
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5070 Orange Blvd
3 Unit Apartment Building Offered at $1,100,000 at a 9.60% Cap Rate in Port Orange, FL 32127
Executive Summary
For more information, call (407)462 9293 with JACK
Location, Location, Location! Just 2 miles from the beach, this beautifully renovated triplex in Port Orange offers the ultimate coastal escape. Nestled in a peaceful beach town south of Daytona, you’ll be minutes away from sun, surf, and sand, plus a vibrant local scene with restaurants, parks, and shops. And when you’re ready for more, Daytona Beach is just a 5-minute drive, and the picturesque New Smyrna Beach is only 10 minutes away!
Each of the three units boasts two bedrooms and one bathroom, comfortably accommodating up to 6 guests per unit. The thoughtful, spacious layout and high-end finishes make this property perfect for short-term rental investment. Each unit is newly furnished and features a fully equipped kitchen with high-quality appliances, including a stove, microwave, full-size refrigerator, dishwasher, toaster, and coffee makers. All dishes, utensils, and cooking essentials are included, making it rental-ready! Fully fenced backyard with all the necessary amenities to relax and entertain. From a rejuvenating hot tub and fire pit to a barbecue area and kids’ playground, this space is designed to bring joy to every moment.
Invest in a property with incredible rental potential. The Daytona Beach area is renowned for its non-stop events, from world-famous NASCAR races to lively beach festivals, drawing millions of visitors annually. During peak seasons, rental rates for individual units can reach up to $500 per day, translating into significant revenue potential. This prime location, coupled with the established relationships with booking platforms, provides a robust and consistent income stream that’s hard to match.
Don’t miss your chance to own this coastal gem.
Location, Location, Location! Just 2 miles from the beach, this beautifully renovated triplex in Port Orange offers the ultimate coastal escape. Nestled in a peaceful beach town south of Daytona, you’ll be minutes away from sun, surf, and sand, plus a vibrant local scene with restaurants, parks, and shops. And when you’re ready for more, Daytona Beach is just a 5-minute drive, and the picturesque New Smyrna Beach is only 10 minutes away!
Each of the three units boasts two bedrooms and one bathroom, comfortably accommodating up to 6 guests per unit. The thoughtful, spacious layout and high-end finishes make this property perfect for short-term rental investment. Each unit is newly furnished and features a fully equipped kitchen with high-quality appliances, including a stove, microwave, full-size refrigerator, dishwasher, toaster, and coffee makers. All dishes, utensils, and cooking essentials are included, making it rental-ready! Fully fenced backyard with all the necessary amenities to relax and entertain. From a rejuvenating hot tub and fire pit to a barbecue area and kids’ playground, this space is designed to bring joy to every moment.
Invest in a property with incredible rental potential. The Daytona Beach area is renowned for its non-stop events, from world-famous NASCAR races to lively beach festivals, drawing millions of visitors annually. During peak seasons, rental rates for individual units can reach up to $500 per day, translating into significant revenue potential. This prime location, coupled with the established relationships with booking platforms, provides a robust and consistent income stream that’s hard to match.
Don’t miss your chance to own this coastal gem.
Financial Summary (Actual - 2023) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$120,430
|
$53.76
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$120,430
|
$53.76
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$14,895
|
$6.65
|
| Net Operating Income |
$105,535
|
$47.11
|
Financial Summary (Actual - 2023)
| Gross Rental Income | |
|---|---|
| Annual | $120,430 |
| Annual Per SF | $53.76 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $120,430 |
| Annual Per SF | $53.76 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $14,895 |
| Annual Per SF | $6.65 |
| Net Operating Income | |
|---|---|
| Annual | $105,535 |
| Annual Per SF | $47.11 |
Property Facts
| Price | $1,100,000 | Property Type | Multifamily |
| Price Per Unit | $366,667 | Lot Size | 0.06 AC |
| Sale Type | Investment | Building Size | 2,240 SF |
| Cap Rate | 9.60% | No. Stories | 1 |
| Sale Conditions | Business Value Included | Year Built/Renovated | 1974/2023 |
| No. Units | 3 | Opportunity Zone |
Yes
|
| Price | $1,100,000 |
| Price Per Unit | $366,667 |
| Sale Type | Investment |
| Cap Rate | 9.60% |
| Sale Conditions | Business Value Included |
| No. Units | 3 |
| Property Type | Multifamily |
| Lot Size | 0.06 AC |
| Building Size | 2,240 SF |
| No. Stories | 1 |
| Year Built/Renovated | 1974/2023 |
| Opportunity Zone |
Yes |
About 5070 Orange Blvd , Port Orange, FL 32127
check the link for the photo gallery: https://www.airbnb.com/rooms/1004455843418138955?guests=1&adults=1&s=67&unique_share_id=b8d01213-4d71-4fb2-b6cf-3601a8ab2ec1
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zoning
| Zoning Code | MUTI L/S5TRIPLEX |
| MUTI L/S5TRIPLEX |
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