1450 S Palmetto Avenue, Daytona Beach, FL 32114
$1,450,000
Property Type:
Residential Income
Bedrooms:
20
Square Footage:
14,992
Status:
Closed
Current Price:
$1,450,000
List Date:
7/23/2018
Last Modified:
9/23/2024
Listing Details MLS# 1045886
General Property Information
- Number Of Units Total
- 20
- Bedrooms Total
- 20
- Living Area
- 13728
- Year Built
- 1987
- Lot Size Dimensions
- 31500
- Association YN
- Yes
- Water Body Access YN
- No
- Directions
- US1/SR400 head east on SR400 to S Palmetto, head north,
- Public Remarks
- Excellent stabilized investment property. Professionally managed apartment building with historically 100% occupancy. Plenty of parking with 31 parking spaces. Building is in excellent shape and has no deferred maintenance, many of the AC units have been replaced by the current owner. Building is concrete block construction with shingle pitched roof, which is ideal for holding this building long term. All 20 units are 1 bed 1 bath units with a nice open kitchen living room concept. Many of the units have updated cabinets and flooring, even the units that have not been updated are in great condition. Building has 1 active laundry room. Plenty of parking spots for the tenants, and 3 owner storage rooms.
- List Price/SqFt
- 108.54
- Sold Price/SqFt
- 105.62
- Association Fee 2
- 0
Property Features
Appliances:
Electric Range; Refrigerator
Construction Materials:
Block; Concrete
Cooling:
Central Air; Multi Units
Current Use:
Multi-Family
Heating:
Central
Owner Pays:
Cable TV; Grounds Care; Insurance; Management; Taxes; Trash Collection; Water
Parking Features:
Parking Lot
Roof:
Shingle
Sewer:
Public Sewer
Tenant Pays:
Electricity
Water Source:
Public
Contract Information
- Listing Contract Date
- 2018-07-22
- Property Sub Type
- Multi Family
Location Tax and Legal
- Street Number
- 1450
- Street Direction Prefix
- S
- Street Name
- Palmetto
- Street Suffix
- Avenue
- County
- Volusia
- State
- FL
- Postal Code
- 32114
- Subdivision Name
- Daytona
- MLS Area Major
- 32 - Daytona Beville to ISB, E of 95
Status Change Information
- Major Change Timestamp
- 2018-09-11T01:43:43Z
- Major Change Type
- Status Change
- Purchase Contract Date
- 2018-07-23
- Close Date
- 2018-09-10
- Close Price
- 1450000
Income and Expenses
- Gross Income
- 14145
- Gross Scheduled Income
- 169740
- Net Operating Income
- 104741
More Information
Unit 1 Details
- Unit ID
- 20
- Actual Rent
- 725
- Unit SqFt
- 686
- Full Baths Total
- Yes
- Furnished
- Unfurnished
- Unit Remarks
- Parking Spaces: 1
Historical Information
- Public Historical Remarks 1
- Financial Info: Other Annual Inc: 900; Property Name: Sprucewood Apts; Meters: # Electric Meters: 21, # Water Meters: 1; Road Frontage: 210; Depth: 150; Financial Pkg: Yes; Franchise Opt In: Yes
Location, Tax, and Legal
- Country
- US
- Parcel Number
- 5340-13-00-0150
- Tax Annual Amount
- 15539
- Tax Year
- 2017
- Tax Legal Description
- E 150 FT OF S 216.2 FT OF PLOT 15 COUNTRY CLUB HARBOR REPLAT REPLAT PER OR 4514 PG 1027 PER OR 6801 PG 0802 PER OR 7098 PG 0843
Currently Not Used
- Bedrooms Total
- 20
- Living Area Source
- Appraiser
- Building Area Total
- 14992
- Year Built
- 1987
- New Construction YN
- No
- Carport YN
- No
- Pool Private YN
- No
Appliances
- Electric Range
- Yes
- Refrigerator
- Yes
Construction Materials
- Block
- Yes
- Concrete
- Yes
Cooling
- Central Air
- Yes
- Multi Units
- Yes
Current Use
- Multi-Family
- Yes
Heating
- Central
- Yes
Owner Pays
- Cable TV
- Yes
- Grounds Care
- Yes
- Insurance
- Yes
- Management
- Yes
- Taxes
- Yes
- Trash Collection
- Yes
- Water
- Yes
Parking Features
- Parking Lot
- Yes
Roof
- Shingle
- Yes
Sewer
- Public Sewer
- Yes
Tenant Pays
- Electricity
- Yes
Water Source
- Public
- Yes
Listing Office:
24/7 Florida Realty
Last Updated: September - 23 - 2024
Information deemed reliable but not guaranteed.