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1625 Espanola Avenue, Holly Hill, FL 32117

$1,060,000
Property Type: Commercial Sale Square Footage: 12,284 Status: Closed
Current Price: $1,060,000 List Date: 4/01/2019 Last Modified: 9/28/2024

Overview

Description

This 16 unit garden style apartment complex offers an excellent investment opportunity in the Holly Hill section of Daytona Beach. The location is one block from Ridgewood Avenue and intersects with Flomich St providing easy access to major roadways and public transportation. The property is conveniently within walking distance to shopping areas and offers excellent amenities for tenants. The owner has made major renovations in 2017 and 2018 and many unit interiors have been fully redone. Six 2bed/1bath units; Ten 1bed/1bath units. Located within an Opportunity Zone Concrete block construction Many unit interiors have been completely renovated Appliances and HVAC systems have been repaired and kept up to date French drain installed in 2018

Listing Details MLS# 1055747

General Property Information

Number Of Units Total
16
Building Area Total
12284
Year Built
1973
Association YN
No
Water Body Access YN
No
Waterfront YN
No
Directions
Located one block west of Ridgewood avenue and intersects with Flomich Avenue
Public Remarks
This 16 unit garden style apartment complex offers an excellent investment opportunity in the Holly Hill section of Daytona Beach. The location is one block from Ridgewood Avenue and intersects with Flomich St providing easy access to major roadways and public transportation. The property is conveniently within walking distance to shopping areas and offers excellent amenities for tenants. The owner has made major renovations in 2017 and 2018 and many unit interiors have been fully redone. Six 2bed/1bath units; Ten 1bed/1bath units. Located within an Opportunity Zone Concrete block construction Many unit interiors have been completely renovated Appliances and HVAC systems have been repaired and kept up to date French drain installed in 2018
List Price/SqFt
97.69
Sold Price/SqFt
86.29

Property Features

Business Type: Commercial Construction Materials: Block; Concrete Current Use: Commercial; Multi-Family Roof: Shingle Sale Includes: Building & Land Water Source: Public

Contract Information

Listing Contract Date
2019-04-01
Property Sub Type
Business

Location Tax and Legal

Street Number
1625
Street Name
Espanola
Street Suffix
Avenue
County
Volusia
State
FL
Postal Code
32117
MLS Area Major
99 - Other

Status Change Information

Major Change Timestamp
2019-08-14T19:38:14Z
Major Change Type
Status Change
Contingent Date
2019-04-18
Purchase Contract Date
2019-04-25
Close Date
2019-08-01
Close Price
1060000

Historical Information

Public Historical Remarks 1
Zoning (Text): Multifamily; Confidential Listing: N; % Occupancy: 95.00; Franchise Opt In: No

More Information

Location, Tax, and Legal

Country
US
Parcel Number
4242-20-10-0130
Tax Annual Amount
13011
Tax Year
2018
Tax Legal Description
LOTS 13 & 14 BLK 10 RIO VISTA MB 6 PG 150 PER OR 4375 PG 3082 PER OR 7442 PG 2418

Currently Not Used

Year Built
1973

Construction Materials

Block
Yes
Concrete
Yes

Current Use

Commercial
Yes
Multi-Family
Yes

Roof

Shingle
Yes

Water Source

Public
Yes

Business Type

Commercial
Yes

Sale Includes

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

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