Solid block 16-plex in the heart of Ormond Beach. 100% occupied and close to shopping, restaurants, and 5 minutes from the beach but in a quiet residential area. Located on the SW corner of Tomoka Avenue & Orchard, just a block south of Granada. Ample parking but with plenty of shade trees. If you are looking for a good multi-unit investment property in a great area with tremendous potential for appreciation and rent growth, this is it. The owner has just approved 3 new compressors and 2 new air handlers for better a/c performance. The rental market has never been better, so grab the gold ring before it passes you by. Financial information available. CASH ONLY. **All information provided is deemed reliable, but is not guaranteed and should be independently verified.
Possible Owner financing,Steps to river, library, and shopping.Gross monthly income $3850, conservative rents, room for increases.Tenants pay electric, owners pay waterMixed use 4 residential 2B/R apartmentsand 1 retail. Extensively remodeled to in/out.Room to build additional rentals with approved permitting