3 Concrete Block Apartment Buildings With 30 Units In Heart & Walking Distance To Ormond Beach Businesses. Ideal Unit Mix Consisting Of 20 Two Bedrooms/1 Baths & 10 One Bedroom/1Baths. All Tenants Have Signed Lease Addendums For Rent Increase To $575 & $475 As Of 6.30.13. Building Has Current & Historical Full Occupancy With Waiting List. There Is Still Upside For Rent Increase Up To $650 For 2Bds & $550 For 1Bds. Sale Includes A Special Contingency & Bonus: 35 Yr Property Manager Lives At 119 Orchard Rent Free & This Arrangement Shall Be Honored Post Sale. In Return, Buyer Will Get Title To 119 Orchard Which Includes 2 Single Family Homes & A Detached Garage (A 3/2 Home which the mgr lives in & a 1/1 Home rented for $250 which potential rent of $450. Value 100k). Nearly All Units Are Tiled In Foyer, Kitchen, & Bathroom. 1/3rd Kitchens Remodeled. All Units Have Walk-Out Balcony. Beautiful Courtyard Setting. Auto Pilot Cash Cow. **DO NOT VISIT UN-ANNOUNCED**
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