1450 S Palmetto Avenue, Daytona Beach, FL 32114
$1,590,000
Property Type:
Residential Income
Bedrooms:
20
Square Footage:
14,992
Lot Size (sq. ft.):
31,363
Status:
Closed
Current Price:
$1,590,000
List Date:
9/05/2020
Last Modified:
9/23/2024
Description
Concrete Block, 20 Unit Apartment building with a history of keeping close to 100% occupied. All of the apartments are One-Bedroom units with an open kitchen floor plan that the tenants enjoy.
Many of the units have updated tile floors and updated kitchen cabinets. In addition most of the central air AC units have been replaced as well. There is an onsite site laundry room that the tenants appreciate and provides further revenue to the owner. Plenty of parking (31 parking spots) as well as a park like setting on the property that tenants like to utilize and relax.
Supplements: As always all information deemed to be true but not guaranteed and must be verified by potential buyer.
More Information MLS# 1075271
Location, Tax, and Legal
Country: US
Parcel Number: 5340-13-00-0150
Tax Annual Amount: 21817
Tax Year: 2019
Tax Legal Description: E 150 FT OF S 216.2 FT OF PLOT 15 COUNTRY CLUB HARBOR REPLAT MB 10 PG 173 PER OR 4514 PG 1027 PER OR 6801 PG 0802 PER OR 7098 PG 0843 PER OR 7596 PG 1344
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
Parking Total: 31
General Property Information
Lot Size Acres: 0.72
Lot Size Dimensions: 31500
Living Area: 13728
Number Of Units Total: 20
Association YN: Yes
Association Fee 2: 0
Directions: US1/SR400, go east on SR400 to S Palmetto, make a left.
Public Remarks: Concrete Block, 20 Unit Apartment building with a history of keeping close to 100% occupied. All of the apartments are One-Bedroom units with an open kitchen floor plan that the tenants enjoy.
Many of the units have updated tile floors and updated kitchen cabinets. In addition most of the central air AC units have been replaced as well. There is an onsite site laundry room that the tenants appreciate and provides further revenue to the owner. Plenty of parking (31 parking spots) as well as a park like setting on the property that tenants like to utilize and relax.
Water Body Access YN: No
List Price/SqFt: 115.82
Sold Price/SqFt: 115.82
Bedrooms Total: 20
Year Built: 1987
Appliances
Electric Range: 1
Refrigerator: 1
Construction Materials
Block: 1
Concrete: 1
Cooling
Central Air: 1
Current Use
Multi-Family: 1
Heating
Heat Pump: 1
Income and Expenses
Gross Income: 17150
Gross Scheduled Income: 205800
Net Operating Income: 158300
Lot Features
Wooded: 1
Owner Pays
Cable TV: 1
Grounds Care: 1
Insurance: 1
Taxes: 1
Trash Collection: 1
Water: 1
Parking Features
Parking Lot: 1
Roof
Shingle: 1
Sewer
Public Sewer: 1
Tenant Pays
Electricity: 1
Unit 1 Details
Unit ID: 20
Actual Rent: 875
Unit SqFt: 686
Beds Total: 1
Full Baths Total: 1
Unit Remarks: Parking Spaces: 1
Water Source
Public: 1
Historical Information
Public Historical Remarks 1: Property Name: Sprucewood Apts; Meters: # Electric Meters: 21, # Water Meters: 1; Road Frontage: 210; Depth: 150; Financial Pkg: No; Franchise Opt In: No
Contract Information
Current Price: $1,590,000
Sold Price: $1,590,000
Status: Closed
Listing Contract Date: 2020-09-02
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: Country Club
MLS Area Major: 32 - Daytona Beville to ISB, E of 95
Status Change Information
Major Change Timestamp: 2020-11-17T00:12:44Z
Major Change Type: Status Change
Purchase Contract Date: 2020-09-08
Close Date: 2020-11-16
Close Price: 1590000
Property Features
Appliances: Electric Range; Refrigerator
Construction Materials: Block; Concrete
Cooling: Central Air
Current Use: Multi-Family
Heating: Heat Pump
Lot Features: Wooded
Owner Pays: Cable TV; Grounds Care; Insurance; Taxes; Trash Collection; Water
Parking Features: Parking Lot
Roof: Shingle
Sewer: Public Sewer
Tenant Pays: Electricity
Water Source: Public
Listing Office:
Marlin Realty Group
Last Updated: September - 23 - 2024
Information deemed reliable but not guaranteed.