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Hart Pro Realty

Ormond Beach, FL 32174
386-615-0789
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Listing 4 out of 637
$2,900,000 For Sale

125 S Orchard Street
Ormond Beach, FL 32174

32 units | Multi Family Home - MLS# 1046245
Property Photo
1/13

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. Well located approximately two blocks off the retail corridor of Granada 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 land for which multiple additional revenue streams may be possible. Square footage received from tax rolls. All information recorded in the MLS intended to be accurate but cannot be guaranteed.

Features

  • Property Type: Multi Family Home
  • Sub Type: 5+ Units
  • Listing Status: Active
  • County/Area: Volusia County
  • Zip Code: 32174
  • Year Built: 1974
  • Subdivision/Neighborhood: Ormond Gardens
  • Sq.Ft.: 32,010 sq ft
  • Units: 32 units
  • Bedrooms: 54
  • Zoning: Multi-Family
  • Building Type: Apartment Building
  • Construction: Concrete Block
  • Living Area: 32010.00
  • Parking: Parking Lot
  • SqFt Source: Appraisal
Courtesy of Realty Pros Commercial

Hart Pro Realty
159 W. Granada Blvd.
Ormond Beach, FL 32174
Phone: (386) 615-0789
Fax: (386) 615-9145

Testimonials Page

We have nothing but wonderful things to say about Paul and his Team. Paul is very knowledgeable in regards to the area and someone you can trust to do the right thing when searching for a home. He was very helpful and arranged to visit a few properties with us during our limited timeframe until we made our choice. The entire process from property search to closing was easy and without stress, thanks to Paul and his Team. Thanks again! Ari Orakciyan, NY to Ormond Beach
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