Cathy Rohrberger - Coldwell Banker Coast
125 S Orchard Street
Ormond Beach, FL 32174

Description

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.

Details

MLS#1046245
Sub-TypeResale
StatusActive
Year1974
Days On Site83

Features

SQ Feet32,010
Units32
Building(s)1

Market Activity 32174

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Area Information

StateFL
CountyVolusia
CityOrmond Beach
Zip Code32174
Area17 - Ormond Beach Peninsula N of 40
Listing VS Median (in 32174)
Price:
$2,900,000
low | high
Med:
$269,900
100% of Average
SqFt:
32,010
low | high
Med:
1,856
100% of Average
$ / SqFt:
$91
low | high
Med:
$145
10.513878567182% of Average
On Site:
83
low | high
Med:
124
66.935483870968% of Average
Listing Updated: 10/22/2018
MLS Number: 1046245
Listing Provided By:
Robert Campbell  of  Realty Pros Commercial