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1830 S Clyde Morris Boulevard 40, Daytona Beach, FL 32119

$5,000,000
Property Type: Commercial Sale Lot Size (sq. ft.): 176,418 Status: Closed
Current Price: $5,000,000 List Date: 9/08/2021 Last Modified: 9/28/2024

Overview

Description

50 unit garden multifamily property consisting of 6 buildings built in 1987. Amenities include two laundry facilities and 100 parking spaces (2 per unit). All units have individually metered water and electricity. Excellent historical occupancy in high demand rental area. 19, one bedroom apartments (1 currently used as an office). 30, two bedroom apartments. Property is serviced by city water and city sewer. Possibility of expansion. Add value by passing on expenses to tenants (cable expense) and increasing rents. Supported by large employment base and excellent access to I-95 & I-4.

Listing Details MLS# 1088313

General Property Information

Number Of Units Total
50
Year Built
1987
Lot Size Acres
4.05
Association YN
No
Water Body Access YN
No
Waterfront YN
No
Directions
Daytona Beach area, conveniently located on Clyde Morris Boulevard
Public Remarks
50 unit garden multifamily property consisting of 6 buildings built in 1987. Amenities include two laundry facilities and 100 parking spaces (2 per unit). All units have individually metered water and electricity. Excellent historical occupancy in high demand rental area. 19, one bedroom apartments (1 currently used as an office). 30, two bedroom apartments. Property is serviced by city water and city sewer. Possibility of expansion. Add value by passing on expenses to tenants (cable expense) and increasing rents. Supported by large employment base and excellent access to I-95 & I-4.

Property Features

Business Type: Commercial Current Use: Commercial; Multi-Family Sale Includes: Building & Land

Contract Information

Listing Contract Date
2021-09-08
Property Sub Type
Business

Location Tax and Legal

Street Number
1830
Street Direction Prefix
S
Street Name
Clyde Morris
Street Suffix
Boulevard
County
Volusia
State
FL
Postal Code
32119
MLS Area Major
25 - Daytona S of Beville, E of Nova

Status Change Information

Major Change Timestamp
2021-10-29T13:51:00Z
Major Change Type
Status Change
Purchase Contract Date
2021-09-08
Close Date
2021-10-29
Close Price
5000000

Historical Information

Public Historical Remarks 1
Bldg Type/Location: Free Standing; SqFt - Total: 38400.00; Confidential Listing: N; % Occupancy: 93.00; Commercial Property Name: Morristown; Franchise Opt In: No

More Information

Location, Tax, and Legal

Country
US
Parcel Number
5331-00-03-0200
Tax Annual Amount
40751
Tax Year
2020
Tax Legal Description
31 15 33 N 2/3 OF S 1/2 OF LOT 3 LYING W OF CLYDE MORRIS BLVD PER OR 1736 PG 63 PER OR 4338 PG 3789

Currently Not Used

Unit Number
40
Year Built
1987

Current Use

Commercial
Yes
Multi-Family
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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