South Daytona, FL 32119 201 Kost Road
$575,000
Sold: Oct 20, 2020
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Presented By: Coldwell Banker Commercial Benchmark
Home Details
An opportunity to own Brick and Mortar and lock in generationally low interest rates. 7 units - each are 2 bed / 1 bath. Below market rents. The actual cap rate at the current rents is 6.64%. At market rents, the proforma cap rate is 8.41%.Walk to River, Boat Ramp at Riverfront, Veteran Memorial Park, Publix, Votran & shopping. Great rental location.
Presented By: Coldwell Banker Commercial Benchmark
Art Micchelli
Sales Associate