299 Roosevelt Park, Ormond Beach, FL 32174 (MLS# 1036822)

299 Roosevelt Park, Ormond Beach, FL 32174

$1,020,000

Property Type: Residential Income Bedrooms: 45 Square Footage: 16,661 Status: Closed

Current Price: $1,020,000 List Date: 12/07/2017 Last Modified: 9/23/2024

Description

Once in a lifetime opportunity to invest in an entire block of Ormond Beach rental homes on a total of 1.98 acres. Future use could be building your dream home walking distance from the river with the collection of monthly rental income in the interim. This is an ugly, yet high performing portfolio. 20 Rental units; 19 units occupied, 1 unit used as owner maintenance/storage, includes vacant corner lot, and one additional vacant parcel. Re: President's Square, 000 Roosevelt, Ormond Beach, Florida, Proof of funds; $250,000, 48 notice required.

Supplements: 274 Roosevelt Drive A, Ormond Beach, FL 32174 Duplex 2 1 occupied 540 274 Roosevelt Drive B, Ormond Beach, FL 32174 Duplex 2 1 occupied 540 278 Roosevelt Drive A, Ormond Beach, FL 32174 Duplex 2 1 occupied 635 278 Roosevelt Drive B, Ormond Beach, FL 32174 Duplex 2 1 occupied 525 279 Roosevelt Drive, Ormond Beach, FL 32174 SFR 3 1 occupied 905 283 Roosevelt Drive, Ormond Beach, FL 32174 SFR 3 1 occupied 850 288 Roosevelt Drive, Ormond Beach, FL 32174 Vacant Land 0 0 299 Roosevelt Drive, Ormond Beach, FL 32174 SFR 3 2 occupied 875 300 Roosevelt Drive, Ormond Beach, FL 32174 SFR 3 1 vacant 0 305 Roosevelt Drive, Ormond Beach, FL 32174 SFR 3 1 occupied 895 306 Roosevelt Drive, Ormond Beach, FL 32174 SFR 2 1 Occupied 795 134 Fairview Avenue A, Ormond Beach, FL 32174 Duplex 2 1 occupied $725 134 Fairview Avenue B, Ormond Beach, FL 32174 Duplex 2 1 occupied $725 290 Grove Street, Ormond Beach, FL 32174 Duplex 2 1 occupied 750 292 Grove Street, Ormond Beach, FL 32174 Duplex 2 1 occupied 700 265 S Washington Street, Ormond Beach, FL 32174 Vacant Land 0 275 S Washington Street A, Ormond Beach, FL 32174 Duplex 2 1 occupied 530 275 S Washington Street B, Ormond Beach, FL 32174 Duplex 2 1 occupied 560 279 S Washington Street A, Ormond Beach, FL 32174 Duplex 2 1 occupied 695 279 S Washington Street B, Ormond Beach, FL 32174 Duplex 2 1 occupied 710 283 S Washington Street A, Ormond Beach, FL 32174 Duplex 2 1 occupied 550 283 S Washington Street B, Ormond Beach, FL 32174 Duplex 2 1 occupied 598

More Information MLS# 1036822

Location, Tax, and Legal

Country: US Parcel Number: 4222-20-00-0180 Tax Annual Amount: 14600 Tax Year: 2017 Tax Legal Description: Lengthy legal; inquire L/O

Currently Not Used

Bedrooms Total: 45 Living Area Source: Appraiser Building Area Total: 16661 Year Built: 1958 New Construction YN: No Carport YN: No Pool Private YN: No

General Property Information

Lot Size Dimensions: 86310 Living Area: 15191 Number Of Units Total: 20 Association YN: Yes Association Fee 2: 0 Directions: Granada S on s ridgewood and then right on fairway then left on roosevelt Public Remarks: Once in a lifetime opportunity to invest in an entire block of Ormond Beach rental homes on a total of 1.98 acres. Future use could be building your dream home walking distance from the river with the collection of monthly rental income in the interim. This is an ugly, yet high performing portfolio. 20 Rental units; 19 units occupied, 1 unit used as owner maintenance/storage, includes vacant corner lot, and one additional vacant parcel. Re: President's Square, 000 Roosevelt, Ormond Beach, Florida, Proof of funds; $250,000, 48 notice required. Water Body Access YN: No List Price/SqFt: 85.58 Sold Price/SqFt: 67.15 Bedrooms Total: 45 Year Built: 1958

Status Change Information

Contingent Date: 2018-01-23 Major Change Timestamp: 2018-03-30T18:33:07Z Major Change Type: Status Change Purchase Contract Date: 2018-01-18 Close Date: 2018-03-29 Close Price: 1020000

Appliances

Electric Range: 1 Refrigerator: 1

Construction Materials

Block: 1 Concrete: 1

Cooling

Wall/Window Unit(s): 1

Current Use

Mixed Use: 1

Income and Expenses

Gross Income: 12083 Gross Scheduled Income: 145000 Net Operating Income: 119000

Lot Features

Other: 1

Owner Pays

Grounds Care: 1 Management: 1 Taxes: 1

Parking Features

Off Street: 1

Roof

Other: 1

Sewer

Public Sewer: 1

Tenant Pays

Electricity: 1 Gas: 1 Water: 1

Unit 1 Details

Unit ID: 15 Beds Total: 2 Full Baths Total: 1 Furnished: Unfurnished

Unit 2 Details

Unit ID: 4 Beds Total: 3 Full Baths Total: 1 Furnished: Unfurnished

Unit 3 Details

Unit ID: 1 Beds Total: 3 Full Baths Total: 2 Furnished: Unfurnished

Water Source

Public: 1

Historical Information

Public Historical Remarks 1: Zoning (Text): R-3c; Property Name: President's Square; Meters: # Electric Meters: 20, # Water Meters: 20; Road Frontage: irregular; Depth: irregular; Franchise Opt In: No

Contract Information

Current Price: $1,020,000 Sold Price: $1,020,000 Status: Closed Listing Contract Date: 2017-12-06 Property Sub Type: Multi Family

Location Tax and Legal

Street Number: 299 Street Name: Roosevelt Park County: Volusia State: FL Postal Code: 32174 Subdivision Name: Roosevelt Park MLS Area Major: 41 - LPGA to Granada, E of Nova

Property Features

Appliances: Electric Range; Refrigerator Construction Materials: Block; Concrete Cooling: Wall/Window Unit(s) Current Use: Mixed Use Lot Features: Other Owner Pays: Grounds Care; Management; Taxes Parking Features: Off Street Roof: Other Sewer: Public Sewer Tenant Pays: Electricity; Gas; Water Water Source: Public

Listing Office: DLP Realty

Last Updated: September - 23 - 2024

Information deemed reliable but not guaranteed.

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