Property Description

1217-1221 Ruger Place in Daytona Beach presents an attractive opportunity to acquire a renovated three-unit apartment property with strong market-rent potential and additional value-add opportunities. The property enjoys a desirable beachside location, just a stones-throw away from prime Daytona Beach and the serene Atlantic Ocean, retail, restaurants, entertainment, & several of Daytona Beach's, principal employment and tourism destinations. The property consists of two spacious front units-Units 1219 and 1221ach offering approximately 1,100 square feet with two bedrooms and one-and-a-half bathrooms. Both units have been renovated and feature updated electrical subpanels. Their central HVAC systems were replaced approximately four years ago. Each front unit has an estimated market rent of approximately $1,850 per month. Unit 1221 is currently occupied, while Unit 1219 is vacant and available for lease. The detached rear unit, identified as Unit 1217, contains approximately 700 square feet with two bedrooms and two bathrooms. This unit has been partially renovated with upgraded flooring and is equipped with two mini-split HVAC systems-one in the living room and another in the primary bedroom. The secondary bedroom is currently served by a portable air-conditioning unit. Unit 1217 is vacant and has an estimated market rent of approximately $1,750 per month. At full occupancy and projected market rents, the property has the potential to generate approximately $5,450 in gross monthly rental income, equivalent to approximately $65,400 annually, before any potential laundry income.