640 N Wild Olive Avenue, Daytona Beach, FL 32118 (MLS # 1055836)

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PRICE $588,000 dsIDX morgage calculator
SIZE n/a
LOT SIZE 8,277 sqft

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.

DAYS ON MARKET 132 LAST UPDATED 2/24/2020
YEAR BUILT 1918 COMMUNITY Out of Area
COUNTY Volusia STATUS Active
PROPERTY TYPE(S) Commercial

PRICE HISTORY
Prior to Feb 24, '20 $589,000
Feb 24, '20 - Today $588,000


ADDITIONAL DETAILS
AIR Central Air, Wall/Window Unit(s)
AIR CONDITIONING Yes
AREA Out of Area
CONSTRUCTION Block, Concrete, Frame, Stucco
GARAGE On Street
HEAT Central
LOT 8276 sq ft
LOT DIMENSIONS 55x150
SEWER Public Sewer
STORIES 2
WATER Public
ZONING RP
MORTGAGE CALCULATOR
   

TOTAL MONTHLY PAYMENT

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Listed with NSB Homes LLC
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