$589,000

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#1055636
Listing TypeFor Sale
StyleHouse
Sub-TypeResale
StatusActive
Year1918
Days On Site46

Features

Bed(s)4
Bath(s) 4 Full
SQ Feet2,508
Story(s)2
Acreage0.19

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Area Information

StateFL
CountyVolusia
CityDaytona Beach
Zip Code32118
AreaVolusia
Community NameNot In Subdivision
Listing VS Median (in Not In Subdivision)
Price:
$589,000
low | high
Med:
$484,450
67.750424448217% of Average
SqFt:
2,508
low | high
Med:
2,009
69.916267942584% of Average
$ / SqFt:
$235
low | high
Med:
$261
38.979428902737% of Average
On Site:
46
low | high
Med:
193
23.834196891192% of Average
Listing Updated: 02/21/2020
MLS Number: 1055636
Listing Provided By:
Sean Concannon  of  NSB Homes LLC