0 S confidential Avenue, Daytona Beach, FL 32114
$610,000
Property Type:
Residential Income
Bedrooms:
29
Square Footage:
10,600
Status:
Closed
Current Price:
$610,000
List Date:
8/16/2018
Last Modified:
9/23/2024
Description
Historic Hotel in the heart of Daytona Beach. A local landmark for over 100 years. Convenient location near groceries, shopping, Downtown Daytona Beach. Fully leased. 20 rooms stay rented with minimal vacancy. 26 residential units total (3 suites can be separated as two rooms). Parking: 14 spaces. Manager's suite is a 2BR, 2BA apartment. Easy business, guests consist of primarily weekly and monthly rentals, not day to day. Property consists of 2 parcels , 110 ft of frontage on US1/Ridgewood Ave. Current annual NOI: $95,000 with potential of over $120,000. Rents vary from $480 to $1,100 / mo depending on unit. Most tenants are on reliable Federal income. Partially renovated and recently inspected by the city. Could use additional TLC for increased income. IMPORTANT - DO NOT DISTURB TENANTS
Supplements: NOR EMPLOYEES
More Information MLS# 1046692
Location, Tax, and Legal
Country: US
Parcel Number: confidential
Tax Annual Amount: 4402
Tax Year: 2017
Tax Legal Description: N 1/2 OF W 196 FT OF LOT 5 BLK 10 & SW 1/4 OF LOT 5 BLK 10 HODGMANS DAYTONA PER PLAT BOOK 2 PG 82 PER OR 4430 PG 3653 PER OR 6356 PG 2539 PER DC 6356 PG 2541 PER D/C 6881 PG 2963 PER OR 6881 PG 2964
Currently Not Used
Bedrooms Total: 29
Living Area Source: Owner
Building Area Total: 10600
Year Built: 1915
New Construction YN: No
Carport YN: No
Pool Private YN: No
Parking Total: 14
General Property Information
Lot Size Dimensions: 21780
Living Area: 10600
Number Of Units Total: 26
Association YN: Yes
Association Fee 2: 0
Directions: International Speedway to Ridgewood (US1), South on Ridgewood to property on East side.
Public Remarks: Historic Hotel in the heart of Daytona Beach. A local landmark for over 100 years. Convenient location near groceries, shopping, Downtown Daytona Beach. Fully leased. 20 rooms stay rented with minimal vacancy. 26 residential units total (3 suites can be separated as two rooms). Parking: 14 spaces. Manager's suite is a 2BR, 2BA apartment. Easy business, guests consist of primarily weekly and monthly rentals, not day to day. Property consists of 2 parcels , 110 ft of frontage on US1/Ridgewood Ave. Current annual NOI: $95,000 with potential of over $120,000. Rents vary from $480 to $1,100 / mo depending on unit. Most tenants are on reliable Federal income. Partially renovated and recently inspected by the city. Could use additional TLC for increased income. IMPORTANT - DO NOT DISTURB TENANTS
Water Body Access YN: No
List Price/SqFt: 93.4
Sold Price/SqFt: 57.55
Bedrooms Total: 29
Year Built: 1915
Status Change Information
Contingent Date: 2018-10-05
Major Change Timestamp: 2018-12-02T23:56:15Z
Major Change Type: Status Change
Purchase Contract Date: 2018-10-05
Close Date: 2018-11-30
Close Price: 610000
Construction Materials
Frame: 1
Other: 1
Income and Expenses
Gross Income: 12100
Gross Scheduled Income: 145000
Net Operating Income: 95000
Lot Features
Other: 1
Owner Pays
Electricity: 1
Exterior Maintenance: 1
Gas: 1
Hot Water: 1
Janitorial Service: 1
Management: 1
Taxes: 1
Trash Collection: 1
Water: 1
Parking Features
Parking Lot: 1
Roof
Shingle: 1
Other: 1
Sewer
Public Sewer: 1
Water Source
Public: 1
Historical Information
Public Historical Remarks 1: Zoning (Text): hotel; Road Frontage: 110'; Financial Pkg: No; Franchise Opt In: No
Contract Information
Current Price: $610,000
Sold Price: $610,000
Status: Closed
Listing Contract Date: 2018-08-10
Property Sub Type: Multi Family
Location Tax and Legal
Street Direction Prefix: S
Street Name: confidential
Street Suffix: Avenue
County: Volusia
State: FL
Postal Code: 32114
Subdivision Name: Hodgmans
MLS Area Major: 32 - Daytona Beville to ISB, E of 95
Property Features
Construction Materials: Frame; Other
Lot Features: Other
Owner Pays: Electricity; Exterior Maintenance; Gas; Hot Water; Janitorial Service; Management; Taxes; Trash Collection; Water
Parking Features: Parking Lot
Roof: Shingle; Other
Sewer: Public Sewer
Water Source: Public
Listing Office:
Karlhaus Realty
Last Updated: September - 23 - 2024
Information deemed reliable but not guaranteed.