126/124 S Oleander Avenue, Daytona Beach, FL 32118 (MLS# 1098646)

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

Overview

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 ... (Read more)

Listing Details MLS# 1098646

General Property Information

Number Of Units Total: 5
Bedrooms Total: 7
Living Area: 3272
Year Built: 1911
Lot Size Acres: 0.12
Lot Size Dimensions: 5,200
Association YN: Yes
Water Body Access YN: No
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
List Price/SqFt: 288.81
Sold Price/SqFt: 249.08
Association Fee 2: 0

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

Contract Information

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

Income and Expenses

Gross Income: 7350
Gross Scheduled Income: 88700

More Information

Unit 1 Details

Unit ID: Yes
Actual Rent: 1650
Unit SqFt: 1044
Full Baths Total: Yes
Unit Remarks: Parking Spaces: 1

Unit 2 Details

Unit ID: 3
Actual Rent: 2100
Unit SqFt: 515
Full Baths Total: Yes
Furnished: Furnished
Unit Remarks: Parking Spaces: 1

Unit 3 Details

Unit ID: 4
Actual Rent: 1200
Unit SqFt: 525
Full Baths Total: Yes
Unit Remarks: Parking Spaces: 1

Unit 4 Details

Unit ID: 5
Actual Rent: 1200
Unit SqFt: 567
Full Baths Total: Yes
Unit Remarks: Parking Spaces: 1

Unit 5 Details

Unit ID: 2
Actual Rent: 1200
Unit SqFt: 621
Full Baths Total: Yes
Unit Remarks: Parking Spaces: 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

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

Appliances

Dishwasher: Yes
Disposal: Yes
Electric Range: Yes
Microwave: Yes
Refrigerator: Yes

Construction Materials

Frame: Yes
Stucco: Yes
Other: Yes

Cooling

Wall/Window Unit(s): Yes

Current Use

Mixed Use: Yes
Multi-Family: Yes
Single Family: Yes

Exterior Features

Balcony: Yes

Fencing

Fenced: Yes

Heating

Natural Gas: Yes

Lot Features

Sprinklers In Front: Yes
Sprinklers In Rear: Yes

Owner Pays

Exterior Maintenance: Yes
Grounds Care: Yes
Insurance: Yes
Taxes: Yes
Trash Collection: Yes
Water: Yes

Parking Features

Off Street: Yes
On Street: Yes

Roof

Shingle: Yes
Other: Yes

Sewer

Public Sewer: Yes

Tenant Pays

Cable TV: Yes
Electricity: Yes
Gas: Yes
Insurance: Yes

Water Source

Public: Yes

Listing Office: Michael Loughry, Broker

Last Updated: September - 23 - 2024

Information deemed reliable but not guaranteed.

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