125 S Orchard St, Ormond Beach, FL 32174

Commercial property for lease

• Description
• Located in a highly desirable area, complexes in Ormond Beach rarely come on the market. Well located in the center of Ormond Beach, the Orchard Garden Apartments is a gem with strong potential. Concrete block construction with over $300,000 of capital improvements in the last three years that include new roofs on the three apartment buildings and garage, replacement of more that half of the HVAC systems. Partially renovated with 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 $250-$300 below the average market rents, which would provide an 8.78% CAP. Ideal location approximately two blocks off the retail corridor of Granda Blvd., the complex is close to a grocery store, numerous shops, an under construction Wawa, and under construction new grocery store. Additionally, it has excess, unused and for which additional revenue streams may be possible. Contact: Robert Campbell CCIM MBA(386) 466-4997 Building price details: $2,900,000.
• Contact info
• Bob Rand

  Coldwell Banker Commercial Benchmark
• Note

• Details Info about this row that located on 125 S Orchard St, Ormond Beach, FL 32174 was got from trusty sources, but HousesForSaleList.com can't guarantee that details about listing price, status, facts, images and owner are correct, because this listing can be changed or removed from market without notice. If You need to receive additional details about this property try to ask directly listing agent or owned.

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