$588,000

640 N Wild Olive Avenue

Daytona Beach FL, 32118

Description

Welcome to your next investment opportunity. This four unit income generating property is located within walking distance of the beach and Seabreeze BLVD, Daytona Beach’s night life district. This turn key home has been renovated from top to bottom with hand stained wood ceilings, stainless appliances, mosaic backsplashes, and custom artwork abound. Nothing has been overlooked, and everything has been meticulously maintained. This is a “one-of-a-kind” income property that you have to see to believe. This “1-4 family” investment property has the ability to produce an annual “potential gross income” of $67,000 generating a very favorable “cap rate” of ~9.2%, based on the general area’s market rents. The landlord is moving out of the area and is leaving the property in absolute pristine condition for the next owner to either rent the units or possibly choose to live on-site and manage the remaining units for income purposes. All measurements are deemed to be approximate and accuracy must be verified.

Details

MLS#1055836
Listing TypeFor Sale
StyleIndustrial
Sub-TypeResale
StatusActive
Year1918
Days On Site74

Features

SQ Feet2,628
Story(s)2
ZoningRP

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Area Information

StateFL
CountyVolusia
CityDaytona Beach
Zip Code32118
AreaVolusia
Listing VS Median (in 32118)
Price:
$588,000
low | high
Med:
$260,000
100% of Average
SqFt:
2,628
low | high
Med:
1,275
100% of Average
$ / SqFt:
$224
low | high
Med:
$204
58.859543817527% of Average
On Site:
74
low | high
Med:
136
54.411764705882% of Average
Listing Updated: 03/30/2020
MLS Number: 1055836
Listing Provided By:
Sean Concannon  of  NSB Homes LLC