125 Orchard Street

Estimated Monthly Payment: $13,681/mo 125 Orchard Street, Ormond Beach, FL 32174 MLS# 1046245 Multi-Family Listing Status: Active
32,010 sqft
49
11
0
0

REMARKS:

Located in a highly desirable area, complexes in Ormond Beach rarely come on the market. Well located in the center of Ormond Beach, Orchard Garden Apartments is a gem with strong potential. Concrete block construction with over $300,000 of capital improvements in the last three years including new roofs on the three apartment buildings and replacement of more than half of the HVAC systems. Partially renovated with the replacement of more than half of the kitchen cabinets and paint and flooring in some units. With cosmetic improvements and interior upgrades such as dishwashers, rents could be substantially increased. As demonstrated by rentometer.com and apartments.com, the current rents are well below market.

OVERVIEW:

Multi-Family
Ormond Gardens
1974
32010
Concrete Block

FINANCIAL:

$3,000,000
N/A

NEIGHBORHOOD & SCHOOL INFORMATION:

Broker Reciprocity Courtesy of Realty Pros Commercial

 

Information is deemed reliable but not guaranteed. Listing broker has attempted to offer accurate data, but buyers are advised to confirm all information.

 

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