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126/124 S Oleander Avenue

Daytona Beach, FL 32118
  • $945,000
  • STATUS: Active Under Contract
  • ON SITE: 38 Days
  • MLS #: 1098646
Under Contract
UPDATED: 9 min ago
$945,000
  • 7
    BEDS
  • 0.12
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 3,272
    SQFT
  • $289
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1911
County:

School Ratings & Info

Description

Two building commercial property with total 5 units freshly renovated from top to bottom in the historic Surfside district, 5 blocks from the Beach! Unique opportunity to acquire a turnkey property on the Beachside, features new roof, new upgraded electric system, new exterior painting, new vinyl picket fence, new concrete driveway, as well as new stairs and balcony for the back building. All units have been renovated per high end apartment standards with new kitchens equipped with new appliances and new granite countertops, new bathrooms, new high end luxury vinyl plank and tile flooring, new window ACs, new water heaters and all fresh interior painting. Fully occupied with 4 units rented to high quality tenants on yearly leases with varying expirations, as well as one owners' unitthat has new high end furnishings that has been occasionally rented out when the owner is not in town for an extended period. There are 2 garage spaces and one could be rented out for additional income at $175/month. A very nice neighborhood on a beautiful street next to the Beachside police station. All amenities along the beach are within a short walking distance and the Surfside district is under consideration by the city to allow short term vacation rental that can potentially bring much higher upward revenue.

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© 2022 Daytona Beach Area Association of Realtors®, Inc.All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Florida Life Real Estate Group. Data last updated: 2022-08-12T14:36:13.407.
www.floridaliferealestate.com/homes/130547107
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126/124 S Oleander Avenue Daytona Beach, FL 32118

  • Price: $945,000
  • Status: Active Under Contract
  • On Site: 38 Days
  • Updated: 9 min ago
  • MLS #: 1098646
7
Beds
0
Baths
0
½ Baths
0.12
Acres
3,272
SQFT
$289
$/SQFT
1911
Built
Neighborhood:
Fuquays Daytona Beach
County:
Volusia
Area:
Daytona Peninsula S of Seabreeze
Property Description
Two building commercial property with total 5 units freshly renovated from top to bottom in the historic Surfside district, 5 blocks from the Beach! Unique opportunity to acquire a turnkey property on the Beachside, features new roof, new upgraded electric system, new exterior painting, new vinyl picket fence, new concrete driveway, as well as new stairs and balcony for the back building. All units have been renovated per high end apartment standards with new kitchens equipped with new appliances and new granite countertops, new bathrooms, new high end luxury vinyl plank and tile flooring, new window ACs, new water heaters and all fresh interior painting. Fully occupied with 4 units rented to high quality tenants on yearly leases with varying expirations, as well as one owners' unitthat has new high end furnishings that has been occasionally rented out when the owner is not in town for an extended period. There are 2 garage spaces and one could be rented out for additional income at $175/month. A very nice neighborhood on a beautiful street next to the Beachside police station. All amenities along the beach are within a short walking distance and the Surfside district is under consideration by the city to allow short term vacation rental that can potentially bring much higher upward revenue.
Exterior Features

Building Type Apartment BuildingCombinationConverted ResidenceSide By Side Construction SidingStucco CoverWood Frame Outside Balcony/DeckingCurb/SidewalksFenced YardSprinklers Parking Off StreetOn Street Road Frontage 50 Roof Composition ShingleRolled Waterfront None

Interior Features

Air Conditioning Wall/Window Units Appliances DishwasherDisposalMicrowaveRangeRefrigerator Heating Natural GasWall/Window Units Inside Coin-OpCommon LaundrySmoke DetectorSprinkler System Sq Ft Total 3272.00

Property Features

As Is Condition Yes Depth 104 Electric Meters 5 Financial Package Yes Franchise Opt In Yes Gas Meters 5 Gross Monthly Rent 7350.00 Homestead Exempt No Maint Fee 0.00 Maint Fee Paid N/A New Builder Home No Other Annual Inc 500.00 Owner Pays Insurance ExteriorLawn CareMaintenance ExteriorReal Estate TaxesTrash RemovalWater Sewer Public Sewer Special Contingency No Sq Ft Source Property Appraiser Style 5+ Units Tax Year 2021 Taxes 4116.00 Tenant Pays Cable TvElectricGasInsurance Interior Total Annual Rent 88700.00 Water City Water Meters 1 Zoning Multi-Family

Listing courtesy of Michael Loughry of Michael Loughry, Broker.


© 2022 Daytona Beach Area Association of Realtors®, Inc.All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Florida Life Real Estate Group. Data last updated: 2022-08-12T14:36:13.407.
 
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223 N. Causeway
New Smyrna Beach FL, 32169