126/124 S Oleander Avenue, Daytona Beach, FL 32118
$815,000
Property Type:
Residential Income
Bedrooms:
7
Square Footage:
3,272
Lot Size (sq. ft.):
5,227
Status:
Closed
Current Price:
$815,000
List Date:
7/04/2022
Last Modified:
9/23/2024
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' unit
Supplements: that 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.
More Information MLS# 1098646
Location, Tax, and Legal
Country: US
Parcel Number: 5309-07-25-0090
Tax Annual Amount: 4116
Tax Year: 2021
Tax Legal Description: LOT 9 BLK 25 FUQUAYS DAYTONA BEACH MB 4 PG 197 PER OR 4859 PG 1352 PER OR 5213 PG 3389 PER OR 6427 PG 4036 PER OR 6430 PG 2738 PER OR 7214 PG 4682 PER OR 7494 PG 3279
Currently Not Used
Bedrooms Total: 7
Living Area Source: Appraiser
Building Area Total: 3272
Year Built: 1911
New Construction YN: No
Garage YN: No
Carport YN: No
Pool Private YN: No
General Property Information
Lot Size Acres: 0.12
Lot Size Dimensions: 5,200
Living Area: 3272
Number Of Units Total: 5
Association YN: Yes
Association Fee 2: 0
Directions: Located south of Main Street and north of International Speedway
Public Remarks: 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' unit
Water Body Access YN: No
List Price/SqFt: 288.81
Sold Price/SqFt: 249.08
Bedrooms Total: 7
Year Built: 1911
Appliances
Dishwasher: 1
Disposal: 1
Electric Range: 1
Microwave: 1
Refrigerator: 1
Construction Materials
Frame: 1
Stucco: 1
Other: 1
Cooling
Wall/Window Unit(s): 1
Current Use
Mixed Use: 1
Multi-Family: 1
Single Family: 1
Exterior Features
Balcony: 1
Fencing
Fenced: 1
Heating
Natural Gas: 1
Income and Expenses
Gross Income: 7350
Gross Scheduled Income: 88700
Lot Features
Sprinklers In Front: 1
Sprinklers In Rear: 1
Owner Pays
Exterior Maintenance: 1
Grounds Care: 1
Insurance: 1
Taxes: 1
Trash Collection: 1
Water: 1
Parking Features
Off Street: 1
On Street: 1
Roof
Shingle: 1
Other: 1
Sewer
Public Sewer: 1
Tenant Pays
Cable TV: 1
Electricity: 1
Gas: 1
Insurance: 1
Unit 1 Details
Unit ID: 1
Actual Rent: 1650
Unit SqFt: 1044
Beds Total: 3
Full Baths Total: 1
Unit Remarks: Parking Spaces: 1
Unit 2 Details
Unit ID: 3
Actual Rent: 2100
Unit SqFt: 515
Beds Total: 1
Full Baths Total: 1
Furnished: Furnished
Unit Remarks: Parking Spaces: 1
Unit 3 Details
Unit ID: 4
Actual Rent: 1200
Unit SqFt: 525
Beds Total: 1
Full Baths Total: 1
Unit Remarks: Parking Spaces: 1
Unit 4 Details
Unit ID: 5
Actual Rent: 1200
Unit SqFt: 567
Beds Total: 1
Full Baths Total: 1
Unit Remarks: Parking Spaces: 1
Unit 5 Details
Unit ID: 2
Actual Rent: 1200
Unit SqFt: 621
Beds Total: 1
Full Baths Total: 1
Unit Remarks: Parking Spaces: 1
Water Source
Public: 1
Historical Information
Public Historical Remarks 1: Unit ID: 1, Furnished: Appliances; Unit ID: 4, Furnished: Appliances; Unit ID: 5, Furnished: Appliances; Unit ID: 2, Furnished: Appliances; Financial Info: Other Annual Inc: 500; Meters: # Electric Meters: 5, # Gas Meters: 5, # Water Meters: 1; Road Frontage: 50; Depth: 104; Financial Pkg: Yes; Franchise Opt In: Yes
Contract Information
Current Price: $815,000
Sold Price: $815,000
Status: Closed
Listing Contract Date: 2022-07-03
Property Sub Type: Multi Family
Location Tax and Legal
Street Number: 126/124
Street Direction Prefix: S
Street Name: Oleander
Street Suffix: Avenue
County: Volusia
State: FL
Postal Code: 32118
Subdivision Name: Fuquays Daytona Beach
MLS Area Major: 14 - Daytona Peninsula S of Seabreeze
Status Change Information
Major Change Timestamp: 2022-10-11T13:17:41Z
Major Change Type: Status Change
Purchase Contract Date: 2022-07-16
Close Date: 2022-10-11
Close Price: 815000
Property Features
Appliances: Dishwasher; Disposal; Electric Range; Microwave; Refrigerator
Construction Materials: Frame; Stucco; Other
Cooling: Wall/Window Unit(s)
Current Use: Mixed Use; Multi-Family; Single Family
Exterior Features: Balcony
Fencing: Fenced
Heating: Natural Gas
Lot Features: Sprinklers In Front; Sprinklers In Rear
Owner Pays: Exterior Maintenance; Grounds Care; Insurance; Taxes; Trash Collection; Water
Parking Features: Off Street; On Street
Roof: Shingle; Other
Sewer: Public Sewer
Tenant Pays: Cable TV; Electricity; Gas; Insurance
Water Source: Public
Listing Office:
Michael Loughry, Broker
Last Updated: September - 23 - 2024
Information deemed reliable but not guaranteed.