988-998 Derbyshire Rd 3,000 SF Retail Unit Offered at £124,308 in Daytona Beach, FL 32117

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INVESTMENT HIGHLIGHTS

City water, electricity, and septic connections available
Owner Financed Deal: 5-Year Balloon at 4.75%

6 AC units, all operational and well-maintained

EXECUTIVE SUMMARY

Address: 990 DERBYSHIRE RD, Daytona Beach FL 32117 County: Volusia County Parcel ID: 5202-00-00-0620 Zoning: B-5 Land size (sqft): 25,864 Land size (acre): 0.59 ??Google Maps Link: https://maps.app.goo.gl/BUpB3G3LFfvKn61t7

PROPERTY FACTS

Price	£124,308
Unit Size	3,000 SF
No. Units	1
Total Building Size	3,000 SF
Property Type	Retail (Unit)
Property Subtype	Storefront
Sale Type	Investment
Building Class	C
Number of Floors	1
Typical Floor Size	3,000 SF
Year Built	1986
Lot Size	0.59 AC
Parking Ratio	3.33/1,000 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.
Sale Condition	1031 Exchange
Zoning	B-5 - Heavy Commercial

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1 UNIT AVAILABLE

Unit 990

Unit Size	3,000 SF
Price	£124,308
Price Per SF	£41.44
Unit Use	Retail
Sale Type	Investment
Sale Conditions	1031 Exchange
APN/Parcel ID	5202-00-00-0620

DESCRIPTION

Layout:
500 sqft per unit
Each unit has one handicapped bathroom, sink, and toilet.
One water meter for the building.
Separate electric meters

SALE NOTES

Asking price: $680,000 with OWNER FINANCING option
Down Payment: $164,900 (due at closing)
Note: $515,100
Payment Terms:
Monthly Payment to Seller: $2,609.9/month $31,319.2/year
Interest Rate: 4.5% with a 5-year balloon
Amortization period: 30 Years
No prepayment Penalty

Current Gross Monthly Rent: $4,597.26
Current Gross Yearly Rent: $55,167.12
Current NOI: $43,467.68
Current Cap Rate: 6.39%
Potential Gross Monthly Rent: $6,250.00
Potential Gross Yearly Rent: $75,000.00
Potential NOI: $59,085.00
Potential Cap Rate: 8.69%

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