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119 Thomasson Ave - Whispering Winds Apartments Multifamily Building
About 119 THOMASSON AVE , DAYTONA BEACH , FL 32117
| Price | Not Individually For Sale | Building Class | C |
| Property Type | Multifamily | Lot Size | 1.00 AC |
| Property Subtype | Apartment | Parking Ratio | 2.52/1,000 SF |
| Price | Not Individually For Sale |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 1.00 AC |
| Parking Ratio | 2.52/1,000 SF |
Executive Summary
The offering is a 20 unit apartment complex with an actual 7.5% cap rate. 12 - 2 bedroom 1 bath units and 8 - 1 bedroom 1 bath units. The building is frame and was constructed in 1984. The roof was replaced in 2004. All repairs and maintenance have been kept up. The rents are currently below market and the owner is achieving almost a 100% occupancy rate. The property is within ½ mile to the new 1,000 unit Marina Grande project and the Halifax River. This is a great investment in a fast growing area. Owner will finance with 20% down. Make all offers. Call agent for showings. Do not disturb tenants. Please see attached property package for financial info and more.
Location Description:
Location Description:
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