Cash Cow! Great investment opportunity! 52 efficiency units, located in the heart of Holly Hill, easy access to freeway, shopping centers, and 10 minutes to the beach.? 92% rented.? Total monthly rent is $35,000.? We have an HOA fees of $13,000 (that is $250 per unit which includes Water, Electricity, gas, internet, cable, ground keeping, insurance, exterminator).? HOA fee is schedule to drop to $190 at the end of the year, which will raise the gross yearly rent income by $37,440.? Our tenants pay between $700 to $800 per unit for rent with all utilities included.? Exterior paint is being done on all buildings and the pool is being totally rebuilt.? The HOA has a total of 105 units. HOA has a large cash reserve.? We are looking for cash buyer only.
Listing Agent: Rodolphe Brun (DR) Courtesy of: 3 Dot Realty LLC IDX information provided by the Flagler County Association of REALTORS. Copyright 2021. Information is deemed reliable, but not guaranteed. Updated: 18th September, 2021 4:10 AM
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