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(727) 488-3764
Real Estate Company
415 Vermont Avenue, Daytona Beach, FL 32118
- $345,000
- 8
- BD
- 4
- BA
- 2,540
- SqFt
- List Price
- $345,000
- Status
- Active
- Days on Market
- 117
- Price Change
- ▼ $4,000 1792000345
- MLS#
- O6419103
- Property Style
- Quadruplex
- Year Built
- 1908
- Bedrooms
- 8
- Bathrooms
- 4
- Living Area
- 2,540
- Lot Size
- 7,500
- Acres
- 0.17
- Total Acreage
- 0 to less than 1/4
- Legal Subdivision Name
- Marshall Park Daytona Beach
- MLS Area Major
- Daytona Beach/Holly Hill
Property Description
Price improved, motivated seller, all reasonable offers considered. Beachside 4-unit just 2 blocks from the ocean, offered AS-IS. Legal nonconforming use: per city ordinance, the property must be rebuilt as single-family in the event of total destruction (property does not qualify for FHA or conventional multifamily financing). Ideal for cash or portfolio/commercial lenders. Pro-forma gross rent of $5,600+/mo. All four units are separately metered and tenants pay their own electric, leaving roughly $350/mo in water as the main landlord utility. Two units are vacant, ready to lease at market rates. The two rear units are leased month-to-month to long-term tenants at below-market rents of $900 and $1,050. A detached 1-car garage adds upside: convert it to a 5th efficiency, expand the adjoining unit, or rent it as storage (buyer to verify zoning and permitting). One tenant handles basic lawn care. Inspection reports available upon request. **Financials within this listing are Pro-Forma. 2 units are currently vacant. The two rear/garage units are currently leased Month-To-Month to long term tenants at below market rates of $900 and $1,050**
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Additional Information
- Taxes
- $6682
- Annual Gross Income
- 67200
- Community Features
- No Deed Restriction
- Zoning
- RES < 10
- Interior Layout
- Eat-in Kitchen, Kitchen/Family Room Combo, Open Floorplan, Walk-In Closet(s)
- Interior Features
- Eat-in Kitchen, Kitchen/Family Room Combo, Open Floorplan, Walk-In Closet(s)
- Utilities
- Public
- Heating
- Central, Electric, Ductless
- Air Conditioning
- Central Air, Wall/Window Unit(s)
- Fireplace
- Yes
- Fireplace Description
- Wood Burning
- Exterior Construction
- Frame, Wood Siding
- Exterior Features
- Fence, Private Entrance, Private Mailbox, Private Yard, Sidewalk
- Roof
- Shingle
- Foundation
- Block, Slab
- Pool
- No Pool
- Garage Carport
- 1 Car Garage
- Garage Spaces
- 1
- Flood Zone Code
- X
- Parcel ID
- 09-15-33-13-01-0090
- Legal Description
- E 1/2 OF LOT 8 & LOT 9 BLK 1 MARSHALL PARK DAYTONA BEACH PER OR 3563 PG 0013 PER OR 7142 PG 1294
Listing courtesy of SLOANE REALTY, LLC. 407-829-2418
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