Description

REDUCED - Attention investors - approximately 14% ROI annually. This property is zoned for commercial use, but is currently being used as a residential income duplex. Front unit has 2 bedrooms, 1 bath, and a kitchen/living area. The back unit has 1 bedroom, 1 bath, large living area, and a kitchen. Both units are currently rented (both leases expire 09/30/19) for a combined gross monthly/annual income of $1,850.00/$22,200.00. Both units are in need of updating, BUT have a very strong rental history as they appear today. This property has two separate driveways for parking on the east side of the property along with a large parking area on the west side of the property which can be accessed via Edwards Street. In addition, if used as a commercial property, there are many business classifications that are compatible with the zoning requirements. There are several usage choices with this property: residential income, convert to commercial office space for commercial income, or used as a primary residence or commercial space.

Details

MLS#1038497
Sub-TypeResale
StatusActive
Year1950
Days On Site205

Features

SQ Feet1,287
Units2
Building(s)1

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Area Information

StateFL
CountyVolusia
CityDaytona Beach
Zip Code32114
AreaOut of Area
Listing VS Median (in 32114)
Price:
$139,900
low | high
Med:
$142,900
47.855611150822% of Average
SqFt:
1,287
low | high
Med:
1,164
59.55710955711% of Average
$ / SqFt:
$109
low | high
Med:
$124
35.533306004907% of Average
On Site:
205
low | high
Med:
129
100% of Average
Listing Updated: 04/18/2019
MLS Number: 1038497
Listing Provided By:
James Myers  of  Ocean Properties and Management