325 8th Street, Holly Hill, FL 32117
$875,000
Property Type:
Residential Income
Bedrooms:
20
Square Footage:
9,792
Status:
Closed
Current Price:
$875,000
List Date:
7/08/2019
Last Modified:
9/23/2024
Description
Excellent stabilized investment property. Professionally managed apartment building with historically 100% occupancy. Building is in excellent shape and has no deferred maintenance, 7 of the 12 units have been updated with new kitchens, vanities, doors, lighting fixtures and tile. Building is concrete block construction with shingle pitched roof, which is ideal for holding this building long term. 10 of the 12 units have all tile floors, 2 have a mix of tile and carpet. 8 units are 2 bed 1 bath units with a nice open kitchen living room concept. 4 units are 1 bed 1 bath units, that also feature a nice floor plan. Plenty of parking spots for the tenants. Building is located near public transportation and an ideal location near many sources of employment. Building is approximately 1600 feet
Supplements: feet from the Halifax River, 6 minutes to the beach. The Daytona Beach area is home to numerous colleges and flight schools, all of which are in close proximity to this building, which provides for an increased number of potential tenants. Additional details and financials can be released with signed non-disclosure agreement.
More Information MLS# 1059691
Location, Tax, and Legal
Country: US
Parcel Number: 5337-01-00-0990
Tax Annual Amount: 11121
Tax Year: 2018
Tax Legal Description: LOTS 99 & 100 PINE CREST HOLLY HILL PER OR 4899 PG 3012 PER OR 6604 PG 2770 PER OR 7273 PG 0895
Currently Not Used
Bedrooms Total: 20
Living Area Source: Appraiser
Building Area Total: 9792
Year Built: 1973
New Construction YN: No
Carport YN: No
Pool Private YN: No
Parking Total: 14
General Property Information
Lot Size Dimensions: 13804
Living Area: 8648
Number Of Units Total: 12
Association YN: Yes
Association Fee 2: 0
Directions: US1 & Mason, north on US1, West on 8th street, building at corner of 8th and State.
Public Remarks: Excellent stabilized investment property. Professionally managed apartment building with historically 100% occupancy. Building is in excellent shape and has no deferred maintenance, 7 of the 12 units have been updated with new kitchens, vanities, doors, lighting fixtures and tile. Building is concrete block construction with shingle pitched roof, which is ideal for holding this building long term. 10 of the 12 units have all tile floors, 2 have a mix of tile and carpet. 8 units are 2 bed 1 bath units with a nice open kitchen living room concept. 4 units are 1 bed 1 bath units, that also feature a nice floor plan. Plenty of parking spots for the tenants. Building is located near public transportation and an ideal location near many sources of employment. Building is approximately 1600 feet
Water Body Access YN: No
List Price/SqFt: 106.96
Sold Price/SqFt: 101.18
Bedrooms Total: 20
Year Built: 1973
Appliances
Electric Range: 1
Refrigerator: 1
Construction Materials
Block: 1
Concrete: 1
Cooling
Central Air: 1
Multi Units: 1
Current Use
Multi-Family: 1
Electric
200+ Amp Service: 1
220 Volts: 1
Heating
Central: 1
Electric: 1
Income and Expenses
Gross Income: 9215
Gross Scheduled Income: 110580
Net Operating Income: 74517
Lot Features
Corner Lot: 1
Owner Pays
Exterior Maintenance: 1
Grounds Care: 1
Insurance: 1
Management: 1
Taxes: 1
Trash Collection: 1
Water: 1
Parking Features
Off Street: 1
Parking Lot: 1
Roof
Shingle: 1
Sewer
Public Sewer: 1
Tenant Pays
Cable TV: 1
Electricity: 1
Unit 1 Details
Unit ID: 4
Actual Rent: 700
Unit SqFt: 578
Beds Total: 1
Full Baths Total: 1
Furnished: Unfurnished
Unit 2 Details
Unit ID: 8
Actual Rent: 800
Unit SqFt: 790
Beds Total: 2
Full Baths Total: 1
Furnished: Unfurnished
Water Source
Public: 1
Historical Information
Public Historical Remarks 1: Property Name: CAMBRIDGE COURT APTS; Meters: # Electric Meters: 13, # Water Meters: 1; Road Frontage: 116; Depth: 119; Financial Pkg: Yes; Franchise Opt In: Yes
Contract Information
Current Price: $875,000
Sold Price: $875,000
Status: Closed
Listing Contract Date: 2019-07-08
Property Sub Type: Multi Family
Location Tax and Legal
Street Number: 325
Street Name: 8th
Street Suffix: Street
County: Volusia
State: FL
Postal Code: 32117
Subdivision Name: Pine Crest
MLS Area Major: 35 - Mason to LPGA E of 95
Status Change Information
Major Change Timestamp: 2019-12-09T19:21:26Z
Major Change Type: Status Change
Purchase Contract Date: 2019-09-28
Close Date: 2019-12-06
Close Price: 875000
Property Features
Appliances: Electric Range; Refrigerator
Construction Materials: Block; Concrete
Cooling: Central Air; Multi Units
Current Use: Multi-Family
Electric: 200+ Amp Service; 220 Volts
Heating: Central; Electric
Lot Features: Corner Lot
Owner Pays: Exterior Maintenance; Grounds Care; Insurance; Management; Taxes; Trash Collection; Water
Parking Features: Off Street; Parking Lot
Roof: Shingle
Sewer: Public Sewer
Tenant Pays: Cable TV; Electricity
Water Source: Public
Listing Office:
24/7 Florida Realty
Last Updated: September - 23 - 2024
Information deemed reliable but not guaranteed.