346 Clifton Avenue
$925,000
16
4,801
4,801
$193
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.
- Listed by Byron Hebert • 24/7 Florida Realty
Property Details for 346 Clifton Avenue
Subdivision
Hopkins
DirectionsFrom I95 & LPGA, east on LPGA, South on Nova, East on 3rd, cross over Center, North on Clifton, house is on the left.
ZoningSingle Family
LISTING UPDATED: 05/03/2024 04:15 PM
Property Details for 346 Clifton Avenue
Status | Active |
---|---|
MLS # | 1123196 |
Days on Market | 198 |
Taxes | $5,502 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Multi-Family / 5+ Units |
Year Built | 1955 |
Lot Size | - |
County | Volusia County |
Building Information for 346 Clifton Avenue
Stories-Residences5Year Built1955Building Size-Lot Size-
Property Information for 346 Clifton Avenue
Property History for 346 Clifton Avenue
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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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 - | 6 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 Charter6 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.
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