3150 S Atlantic Avenue, Daytona Beach Shores, FL 32118 (MLS# 1046789)

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

Overview

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.

Listing Details MLS# 1046789

General Property Information

Number Of Units Total: 16
Bedrooms Total: 16
Living Area: 7005
Year Built: 1950
Lot Size Dimensions: 33500
Association YN: Yes
Water Body Access YN: No
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.
List Price/SqFt: 157.03
Sold Price/SqFt: 128.48
Association Fee 2: 0

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

Contract Information

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

Status Change Information

Major Change Timestamp: 2018-12-03T19:54:57Z
Major Change Type: Status Change
Contingent Date: 2018-09-28
Purchase Contract Date: 2018-09-14
Close Date: 2018-12-03
Close Price: 900000

Income and Expenses

Gross Income: 15271
Gross Scheduled Income: 164970
Net Operating Income: 85820

More Information

Unit 1 Details

Unit ID: 9
Actual Rent: 1020
Full Baths Total: Yes
Furnished: Furnished
Unit Remarks: Parking Spaces: 9

Unit 2 Details

Unit ID: 6
Actual Rent: 900
Full Baths Total: Yes
Furnished: Furnished
Unit Remarks: Description: Efficiency, Parking Spaces: 6

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

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

Appliances

Electric Range: Yes
Refrigerator: Yes

Construction Materials

Block: Yes
Concrete: Yes

Cooling

Wall/Window Unit(s): Yes

Current Use

Multi-Family: Yes

Electric

Fuses: Yes

Heating

Electric: Yes

Owner Pays

Cable TV: Yes
Electricity: Yes
Exterior Maintenance: Yes
Grounds Care: Yes
Hot Water: Yes
Insurance: Yes
Management: Yes
Pest Control: Yes
Taxes: Yes
Trash Collection: Yes
Water: Yes

Parking Features

Off Street: Yes
Parking Lot: Yes

Roof

Shingle: Yes
Other: Yes

Sewer

Public Sewer: Yes

Water Source

Public: Yes

Listing Office: RE/MAX Signature

Last Updated: September - 23 - 2024

Information deemed reliable but not guaranteed.

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