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
Overview
Description
Supplements:
Listing Details MLS# 1046692
General Property Information
- Number Of Units Total
- 26
- Bedrooms Total
- 29
- Living Area
- 10600
- Year Built
- 1915
- Lot Size Dimensions
- 21780
- Association YN
- Yes
- Water Body Access YN
- No
- 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
- Association Fee 2
- 0
- List Price/SqFt
- 93.4
- Sold Price/SqFt
- 57.55
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
Contract Information
- 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
Status Change Information
- Major Change Timestamp
- 2018-12-02T23:56:15Z
- Major Change Type
- Status Change
- Contingent Date
- 2018-10-05
- Purchase Contract Date
- 2018-10-05
- Close Date
- 2018-11-30
- Close Price
- 610000
Income and Expenses
- Gross Income
- 12100
- Gross Scheduled Income
- 145000
- Net Operating Income
- 95000
More Information
Historical Information
- Public Historical Remarks 1
- Zoning (Text): hotel; Road Frontage: 110'; Financial Pkg: No; Franchise Opt In: No
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
Construction Materials
- Frame
- Yes
- Other
- Yes
Lot Features
- Other
- Yes
Owner Pays
- Electricity
- Yes
- Exterior Maintenance
- Yes
- Gas
- Yes
- Hot Water
- Yes
- Janitorial Service
- Yes
- Management
- Yes
- Taxes
- Yes
- Trash Collection
- Yes
- Water
- Yes
Parking Features
- Parking Lot
- Yes
Roof
- Shingle
- Yes
- Other
- Yes
Sewer
- Public Sewer
- Yes
Water Source
- Public
- Yes
Listing Office:
Karlhaus Realty
Last Updated: September - 23 - 2024
Information deemed reliable but not guaranteed.