3150 S Atlantic Avenue, Daytona Beach Shores, FL 32118
$900,000
Property Type:
Residential Income
Bedrooms:
16
Square Footage:
8,424
Status:
Closed
Current Price:
$900,000
List Date:
8/14/2018
Last Modified:
9/23/2024
Description
Rivershore Cottages. Quaint beachside complex just steps from the beautiful beach. 16 units in cottage style setting with plenty of parking. Quality location in Daytona Beach Shores close to shopping, dining, the beach, the river, and more! The beach walkway is directly across the street. Although licensed as a motel the occupancy is almost all long term. The occupants mostly pay weekly and the property stays full. Currently the manager has one unit by the office and there are 15 rented units. Very nice low-key beachside income property! Laundry on site. Solid and steady income producing investment property.
More Information MLS# 1046789
Location, Tax, and Legal
Country: US
Parcel Number: 5334-00-02-0080
Tax Annual Amount: 6534
Tax Year: 2017
Tax Legal Description: 15 33 N 100 FT OF S 500 FT NEXT N OF RIOMAR BCHS IN LOT 2 SEC 34 & LOT 1 SEC 35 W OF O S B & E OF PEN DR EXC W 590 FT & EXC PART IN R/W PER OR 3649 PG 1062 PER OR 5916 PG 1041 PER OR 6743 PG 4066 PER OR 6743 PG 4068
Currently Not Used
Bedrooms Total: 16
Living Area Source: Appraiser
Building Area Total: 8424
Year Built: 1950
New Construction YN: No
Carport YN: No
Pool Private YN: No
Parking Total: 20
General Property Information
Lot Size Dimensions: 33500
Living Area: 7005
Number Of Units Total: 16
Association YN: Yes
Association Fee 2: 0
Directions: A1A north of Dunlawton on the west side. Adjacent to the drive in church.
Public Remarks: Rivershore Cottages. Quaint beachside complex just steps from the beautiful beach. 16 units in cottage style setting with plenty of parking. Quality location in Daytona Beach Shores close to shopping, dining, the beach, the river, and more! The beach walkway is directly across the street. Although licensed as a motel the occupancy is almost all long term. The occupants mostly pay weekly and the property stays full. Currently the manager has one unit by the office and there are 15 rented units. Very nice low-key beachside income property! Laundry on site. Solid and steady income producing investment property.
Water Body Access YN: No
List Price/SqFt: 157.03
Sold Price/SqFt: 128.48
Bedrooms Total: 16
Year Built: 1950
Status Change Information
Contingent Date: 2018-09-28
Major Change Timestamp: 2018-12-03T19:54:57Z
Major Change Type: Status Change
Purchase Contract Date: 2018-09-14
Close Date: 2018-12-03
Close Price: 900000
Appliances
Electric Range: 1
Refrigerator: 1
Construction Materials
Block: 1
Concrete: 1
Cooling
Wall/Window Unit(s): 1
Current Use
Multi-Family: 1
Electric
Fuses: 1
Heating
Electric: 1
Income and Expenses
Gross Income: 15271
Gross Scheduled Income: 164970
Net Operating Income: 85820
Owner Pays
Cable TV: 1
Electricity: 1
Exterior Maintenance: 1
Grounds Care: 1
Hot Water: 1
Insurance: 1
Management: 1
Pest Control: 1
Taxes: 1
Trash Collection: 1
Water: 1
Parking Features
Off Street: 1
Parking Lot: 1
Roof
Shingle: 1
Other: 1
Sewer
Public Sewer: 1
Unit 1 Details
Unit ID: 9
Actual Rent: 1020
Beds Total: 1
Full Baths Total: 1
Furnished: Furnished
Unit Remarks: Parking Spaces: 9
Unit 2 Details
Unit ID: 6
Actual Rent: 900
Full Baths Total: 1
Furnished: Furnished
Unit Remarks: Description: Efficiency, Parking Spaces: 6
Water Source
Public: 1
Historical Information
Public Historical Remarks 1: Financial Info: % Vacancy: 10; Property Name: Rivershore Cottages; Meters: # Electric Meters: 7, # Water Meters: 1; Road Frontage: 100; Depth: 335; Financial Pkg: Yes; Franchise Opt In: Yes
Contract Information
Current Price: $900,000
Sold Price: $900,000
Status: Closed
Listing Contract Date: 2018-08-14
Property Sub Type: Multi Family
Location Tax and Legal
Street Number: 3150
Street Direction Prefix: S
Street Name: Atlantic
Street Suffix: Avenue
County: Volusia
State: FL
Postal Code: 32118
Subdivision Name: Rio Mar Beaches
MLS Area Major: 13 - Beachside, N of Dunlawton & S Silver
Property Features
Appliances: Electric Range; Refrigerator
Construction Materials: Block; Concrete
Cooling: Wall/Window Unit(s)
Current Use: Multi-Family
Electric: Fuses
Heating: Electric
Owner Pays: Cable TV; Electricity; Exterior Maintenance; Grounds Care; Hot Water; Insurance; Management; Pest Control; Taxes; Trash Collection; Water
Parking Features: Off Street; Parking Lot
Roof: Shingle; Other
Sewer: Public Sewer
Water Source: Public
Listing Office:
RE/MAX Signature
Last Updated: September - 23 - 2024
Information deemed reliable but not guaranteed.