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406 Oak St

3 Unit Block of Flats £517,023 (£172,341/Unit) 6.73% Net Initial Yield Port Orange, FL 32127

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Investment Highlights

Separate metered electric & water, central AC, and fully updated

Executive Summary

INVESTOR'S DREAM! This concrete block triplex is in an excellent location, less than 2 miles from the beach, 4 blocks from the river, and 4 blocks from Dunlawton Ave (Port Orange's main artery). You'll never have trouble renting out this property, which is also ZONED FOR SHORT TERM RENTALS. There are separate water meters and electric meters for each unit, keeping owner costs at a minimum. This property has been updated from top to bottom within the past three years, including central A/C units, fully updated kitchens, bathrooms, flooring, electrical, plumbing, new fixtures, and so much more. The exterior has gotten a 6ft vinyl fence to create separate backyards for each unit. For a full list of upgrades ask for the 'Additional Upgrades' sheet. TENANT OCCUPIED. DO NOT VISIT PROPERTY WITHOUT AN APPOINTMENT.

406 Oak St Updates

406 Oak St P and L

Financial Summary (Actual - 2024)	Annual	Annual Per SF
Gross Rental Income	£41,569	£23.29
Other Income	-	-
Vacancy Loss	-	-
Effective Gross Income	£41,569	£23.29
Taxes	£4,092	£2.29
Operating Expenses	£2,659	£1.49
Total Expenses	£6,751	£3.78
Net Operating Income	£34,818	£19.51

Financial Summary (Actual - 2024)

Gross Rental Income
Annual	£41,569
Annual Per SF	£23.29

Other Income
Annual	-
Annual Per SF	-

Vacancy Loss
Annual	-
Annual Per SF	-

Effective Gross Income
Annual	£41,569
Annual Per SF	£23.29

Taxes
Annual	£4,092
Annual Per SF	£2.29

Operating Expenses
Annual	£2,659
Annual Per SF	£1.49

Total Expenses
Annual	£6,751
Annual Per SF	£3.78

Net Operating Income
Annual	£34,818
Annual Per SF	£19.51

Property Facts

Price	£517,023	Lot Size	0.20 AC
Price Per Unit	£172,341	Building Size	1,785 SF
Sale Type	Investment	Average Occupancy	100%
Net Initial Yield	6.73%	Number of Floors	1
No. Units	3	Year Built/Renovated	1972/2021
Property Type	Residential	Parking Ratio	3.36/1,000 SF
Property Subtype	Apartment	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Building Class	C

Price	£517,023
Price Per Unit	£172,341
Sale Type	Investment
Net Initial Yield	6.73%
No. Units	3
Property Type	Residential
Property Subtype	Apartment
Building Class	C
Lot Size	0.20 AC
Building Size	1,785 SF
Average Occupancy	100%
Number of Floors	1
Year Built/Renovated	1972/2021
Parking Ratio	3.36/1,000 SF
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.