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$875,000
$925,000
5.4%For more information regarding the value of a property, please contact us for a free consultation.
8,648 SqFt
SOLD DATE : 12/06/2019
Key Details
Sold Price $875,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 8,648 sqft
Price per Sqft $101
Subdivision Pine Crest Add Holly Hill
MLS Listing ID O5798950
Sold Date 12/06/19
Construction Status Appraisal,Financing,Inspections
HOA Y/N No
Year Built 1973
Annual Tax Amount $11,121
Lot Size 0.320 Acres
Acres 0.32
Lot Dimensions 116x119
Property Description
Excellent stabilized investment property. Professionally managed apartment building with historically 100% occupancy. Building is in excellent shape and has no deferred maintenance, 7 of the 12 units have been updated with new kitchens, vanities, doors, lighting fixtures and tile. Building is concrete block construction with shingle pitched roof, which is ideal for holding this building long term. 10 of the 12 units have all tile floors, 2 have a mix of tile and carpet. 8 units are 2 bed 1 bath units with a nice open kitchen living room concept. 4 units are 1 bed 1 bath units, that also feature a nice floor plan. Plenty of parking spots for the tenants. Building is located near public transportation and an ideal location near many sources of employment. Building is approximately 1600 feet from the Halifax River, 6 minutes to the beach. The Daytona Beach area is home to numerous colleges and flight schools, all of which are in close proximity to this building, which provides for an increased number of potential tenants. Additional details and financials can be released with signed non-disclosure agreement.
Location
State FL
County Volusia
Community Pine Crest Add Holly Hill
Zoning MULTI FAM
Interior
Interior Features Window Treatments
Heating Central
Cooling Central Air
Flooring Carpet, Ceramic Tile
Furnishings Unfurnished
Fireplace false
Appliance Range, Range Hood, Refrigerator
Laundry None
Exterior
Exterior Feature Lighting, Sidewalk
Parking Features Assigned, Off Street, Parking Pad
Utilities Available BB/HS Internet Available, Cable Available, Electricity Connected, Sewer Connected, Street Lights, Telephone Nearby, Water Available
Roof Type Shingle
Garage false
Private Pool No
Building
Lot Description City Limits, Private
Entry Level One
Lot Size Range 1/4 Acre to 21779 Sq. Ft.
Sewer Public Sewer
Water Public
Structure Type Block
New Construction false
Construction Status Appraisal,Financing,Inspections
Others
Senior Community No
Ownership Fee Simple
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition None
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