508 Lenox Ave Daytona Beach, FL 32118

ONE OF THE BEST, Beachside, Renovated, 8 Unit, purpose built, apartment buildings, with ocean views from viewing down the block in a great area. This is one of the nicest Apartment buildings on the beachside, located on a street with mostly single family homes, in one of the nicest locations. Such a property as this is rarely is offered for sale. Some of the recent upgrades include most of the units having custom kitchens with newer stainless steel appliances, updated bathrooms, with updates to the plumbing and electrical including as well as a majority of the units have newer central Air/Heat units. Tenants enjoy the tropical garden landscaping with the imported bamboo trees and tranquil settings. The property currently has a long term tenant, who has lived there for years and knows the building well as he is on sight property keeper/handyman which is an added bonus. He keeps a watchful eye on this gem making this a great investment for an out of state investor. All information deemed to be true but not guaranteed and must be verified by potential buyer. 100% occupied.... There is a 1st mortgage in the approx. amount of $194,000 currently on the property that "May" be assumable that balloons in approx 7 years. The payments on the mortgage are as follows $1200 a month with $1000 going to principal and $200 flat fee for interest.(Previously was a seller held mortgage) Do the math, that's like just over 1.5% interest rate at this time. Measurements are approx and rents are proforma.