Full Duplex - Beachside - Ormond Beach | 7 Cypress Cir
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Full Duplex - Beachside - Ormond Beach 7 Cypress Cir
2 Unit Apartment Building $365,000 ($182,500/Unit) Ormond Beach, FL 32176
Investment Highlights
- Tile in common areas & carpet in bedrooms
- 2 electric meters - tenants pay their own electricity
- Washer & Dryer hook up on each side
Executive Summary
Full Duplex for sale, Excellent Beachside location. Just a short walk to the beach! 2 bed, 1 bath, Great room, and Full kitchen on each side. Roof was replaced approx 11 years ago. Central HVAC, Public water and public sewer, Solid brick exterior construction with plaster interior walls. 2 electric meters. Tenants pay for their own electricity. One shared water meter. Market rent is $1,550 per month, per side for a total potential gross income of $3,100 per month. Water and Lawn expense is approximate $150 per month by owner/landlord.
Financial Summary (Pro forma - 2023) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro forma - 2023) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Unit Amenities
- Cable Ready
- Ceiling Fans
- Tile Floors
- Kitchen
- Refrigerator
- Carpet
- Family Room
- Lawn
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 2 | - | - |
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Matt White -
Sloane Realty, LLC / Matthew White
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Full Duplex - Beachside - Ormond Beach | 7 Cypress Cir
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