123 W Rhode Island Ave

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123 W Rhode Island Ave

Orange City, FL 32763
Asking Price
$1.35M
Cap Rate
6.91%
Asset Type
School Special-purpose
Class
Class B

What's Special

Special Purpose | 6.91% CAP | 6,060 SqFt <h3>Investment Highlights</h3><ul><li>​2.25 Acres</li><li>​Four Buildings Totaling Approximately 6,060 SF</li><li>​Approximately $9,200 Monthly Rental Income</li><li>​Owner-Occupancy Opportunity Available</li><li>​Front Two Buildings Approx. 2,500 SF</li><li>​Excellent Parking Capacity</li><li>​Convenient Access to US 17-92 / Volusia Ave</li><li>​Multiple Commercial Use Possibilities</li><li>​Expansion and Redevelopment Potential</li><li>​Strong Demographics and Growing Trade Area</li><li>​Prope

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NOI
$80,000
Cap Rate
5.93%
DSCR
1.00
Underwater
Cash-on-Cash
-0.04%
Monthly Payment
$6,679.063
Annual Cash Flow
$-148.761

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