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124 Live Oak Avenue, Daytona Beach, FL 32114

$1,100,000
Property Type: Commercial Sale Status: Closed
Current Price: $1,100,000 List Date: 8/10/2016 Last Modified: 9/28/2024

Overview

Description

Listed on the National Register of Historic Places, The Wellington is in Daytona Beach's historic district with view of the Halifax River. Circa 1934, all brick construction. Spacious studios (13) and (6) one bedrooms. Current owner has refinished all hardwood floors, replaced all appliances (gas stoves), updated all kitchen and baths. 7 kitchens full remodel, 7 baths full remodel, community laundry room, walk core 87. very walkable! Neighborhood offers library, ball park, riverfront parks, downtown stores, restaurants, nightlife, art shows and markets all in walking distance. Short trip to the beach. Easy to rent, variety of age groups, low vacancy rate, good income.

Listing Details MLS# 1016422

General Property Information

Number Of Units Total
19
Year Built
1934
Lot Size Dimensions
17000
Association YN
No
Water Body Access YN
No
Waterfront YN
No
Directions
Ridgewood to Live Oak Avenue, turn east toward river
Public Remarks
Listed on the National Register of Historic Places, The Wellington is in Daytona Beach's historic district with view of the Halifax River. Circa 1934, all brick construction. Spacious studios (13) and (6) one bedrooms. Current owner has refinished all hardwood floors, replaced all appliances (gas stoves), updated all kitchen and baths. 7 kitchens full remodel, 7 baths full remodel, community laundry room, walk core 87. very walkable! Neighborhood offers library, ball park, riverfront parks, downtown stores, restaurants, nightlife, art shows and markets all in walking distance. Short trip to the beach. Easy to rent, variety of age groups, low vacancy rate, good income.

Property Features

Business Type: Commercial; Mixed Construction Materials: Brick Cooling: Wall/Window Unit(s) Current Use: Mixed Use; Multi-Family Heating: Natural Gas Owner Pays: Water Road Frontage Type: City Street Roof: Shingle Sale Includes: Building & Land Sewer: Public Sewer Utilities: Separate Electric Meters Water Source: Public

Contract Information

Listing Contract Date
2016-05-23
Property Sub Type
Business

Location Tax and Legal

Street Number
124
Street Name
Live Oak
Street Suffix
Avenue
County
Volusia
State
FL
Postal Code
32114
MLS Area Major
32 - Daytona Beville to ISB, E of 95

Status Change Information

Major Change Timestamp
2016-12-15T18:59:38Z
Major Change Type
Status Change
Price Change Timestamp
2016-05-23T15:23:37Z
Contingent Date
2016-12-15
Purchase Contract Date
2016-11-09
Close Date
2016-12-15
Close Price
1100000

Building Features

Ceiling Eve Height
7 - 10 Feet High
Maximum Ceiling Height
10

More Information

Income and Expenses

Gross Income
143521

Historical Information

Public Historical Remarks 1
Road Type: Paved; Zoning (Text): M1 Mixed Use; # Parking: 19; Lease Provisions: Year - Year; Meters: # Electric Meters: 20; Parking: Paved; Site Improvements: Curb/Sidewalks, Gutters, Waterview; Confidential Listing: N; Highway Access: NO; % Occupancy: 100.00; Financial Package: No; Franchise Opt In: No; Current # Tenant: 19.0000

Location, Tax, and Legal

Country
US
Parcel Number
5339-01-04-0011
Tax Annual Amount
12115
Tax Year
2015
Tax Legal Description
E 104.5 FT OF W 304.5 FT ON S/S OF LOT 1 & OF S 35 FT OF LOT 2 & N 6.75 FT OF S 41.75 FT OF E 30.4FT OF W 230.4 FT OFLOT 2 BLK 4 DAYTONA PER OR 4518 PG 2706 PER OR 5348 PG 4950-4951 PER OR 6688 PG 4444

Currently Not Used

Year Built
1934

Construction Materials

Brick
Yes

Cooling

Wall/Window Unit(s)
Yes

Current Use

Mixed Use
Yes
Multi-Family
Yes

Heating

Natural Gas
Yes

Owner Pays

Water
Yes

Road Frontage Type

City Street
Yes

Roof

Shingle
Yes

Sewer

Public Sewer
Yes

Utilities

Separate Electric Meters
Yes

Water Source

Public
Yes

Business Type

Commercial
Yes
Mixed
Yes

Sale Includes

Building & Land
Yes
Listing Office: Collado Real Estate
Last Updated: September - 28 - 2024
Information deemed reliable but not guaranteed.

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