30 Beds
12 Baths
16,700 SqFt
30 Beds
12 Baths
16,700 SqFt
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 16,700 sqft
Price per Sqft $98
MLS Listing ID 1213963
Bedrooms 30
Full Baths 12
Year Built 1901
Annual Tax Amount $7,754
Lot Size 1.500 Acres
Lot Dimensions 1.5
Property Sub-Type Multi Family
Source Daytona Beach Area Association of REALTORS®
Property Description
All-Cash / 45-Day Close: $1,500,000 NET TO SELLER • All Furnishings Included (~$100K Value)
The Seller Has Done the Negotiation For You. This Is the Number.
There Is No Counter.
PROPERTY OVERVIEW:
This is one of the rarest, immediately cash-flowing real estate portfolio opportunities to hit the Daytona Beach market -- a fully renovated, income-producing trifecta of historic, co-living, and single-family residential assets sitting on 1.5 acres with 164 feet of US-1 frontage in the heart of Downtown Daytona Beach. At $1.5 million all-cash, the buyer is acquiring 16,700 sq-ft of renovated, stabilized income property at under $90 per square foot -- a number that simply does not exist anywhere else in this market for assets of this quality.
The portfolio consists of three fully renovated buildings on five contiguous T-2 zoned parcels, generating current income today while offering multiple value-add and development pathways tomorrow. Three additional buildable lots are included in the sale at no additional cost. The seller's bottom line is $1.5 million net -- bring the cash, close in 45 days, and walk away with a furnished, operational real estate business that is already producing. Please see the Full Description Attached.
Location
State FL
County Volusia
Community Other
Direction Exit I 95 east to Ridgewood Ave, head sound 4 blocks on west side of road.
Interior
Heating Central, Electric, Separate Meters, Zoned
Cooling Central Air
Exterior
Parking Features Guest, Parking Lot
Utilities Available Cable Available, Electricity Connected, Water Connected
Roof Type Shingle
Accessibility Accessible Common Area, Accessible Entrance, Accessible Full Bath, Accessible Kitchen, Accessible Stairway
Garage No
Building
Lot Description Corner Lot, Few Trees, Historic Area
Water Public
Structure Type Brick,Frame,Vinyl Siding,Wood Siding
New Construction No
Schools
Middle Schools Campbell
High Schools Mainland
Others
Senior Community No
Tax ID 5339-01-17-0062
Acceptable Financing Cash, Conventional, Other
Listing Terms Cash, Conventional, Other
Virtual Tour https://www.propertypanorama.com/instaview/stellar/V4943079#tour