Search

3738 S Atlantic Avenue, Daytona Beach Shores, FL 32118

$1,372,000
Property Type: Residential Income Bedrooms: 19 Square Footage: 6,696 Lot Size (sq. ft.): 20,473 Status: Closed
Current Price: $1,372,000 List Date: 8/03/2020 Last Modified: 9/23/2024

Description

This 19 Unit Concrete Block Multi Family property is located in the highly sought after Daytona Beach Shores. This cash flowing property is directly across the street from the beautiful Atlantic Ocean with a direct beach walkway from the property to the beach! Almost every unit features beautiful Ocean & Intracoastal views without the tenant even having to go outside. Most every unit has been fully renovated - with new flooring, new appliances, new kitchens, interior and exterior paint and light fixtures have been added as well. Onsite fenced in pool for the tenants privacy and enjoyment. Each unit brings in an average of $1,000 per month for a true 8% + cap rate with opportunity for value add. The area is booming with new business and new projects do not miss out on this opportunity!

Supplements: 12 of the units feature kitchenettes and have the ability to be converted to either a 2 bedroom unit and/or all units could feature a kitchenette with some slight modifications. The property is a short stones throw away from the beach and $500,000+ Oceanfront Condo Units; $1M+ Riverfront Homes; a Brand New Oceanfront Condo Development that will be completed this year called the "Aruba Condominiums." This 19 Unit income producing property is also just 3 doors down from the Sunglow Pier with the famous Crabby Joes restaurant sitting on it, and is just a 5-10 minute ride to Ponce Inlet and the famous Ponce Inlet Lighthouse.

More Information MLS# 1074002

Location, Tax, and Legal

Country: US Parcel Number: 6302-05-08-0180 Tax Annual Amount: 18135 Tax Year: 2019 Tax Legal Description: LOTS 17 & 18 BLK 8 OCEAN VIEW SECHALIFAX ESTS PER OR 5268 PGS 0362-0363 PER OR 6878 PG 0839 PER OR 6955 PG 3341 PER OR 7129 PG 3369 PER OR 7527 PG 4981

Currently Not Used

Bedrooms Total: 19 Living Area Source: Appraiser Building Area Total: 6696 Year Built: 1954 Carport YN: No Pool Private YN: Yes

View

Ocean: 1 River: 1

General Property Information

Lot Size Acres: 0.47 Lot Size Dimensions: 20,500 Living Area: 6696 Number Of Units Total: 19 Association YN: Yes Association Fee 2: 0 Directions: Take Dunlawton bridge to A1A, South 0.5 Miles, Property is located on the right hand side of A1A across from the beach Public Remarks: This 19 Unit Concrete Block Multi Family property is located in the highly sought after Daytona Beach Shores. This cash flowing property is directly across the street from the beautiful Atlantic Ocean with a direct beach walkway from the property to the beach! Almost every unit features beautiful Ocean & Intracoastal views without the tenant even having to go outside. Most every unit has been fully renovated - with new flooring, new appliances, new kitchens, interior and exterior paint and light fixtures have been added as well. Onsite fenced in pool for the tenants privacy and enjoyment. Each unit brings in an average of $1,000 per month for a true 8% + cap rate with opportunity for value add. The area is booming with new business and new projects do not miss out on this opportunity! Water Body Access YN: No List Price/SqFt: 224.01 Sold Price/SqFt: 204.9 Bedrooms Total: 19 Year Built: 1954

Appliances

Electric Range: 1 Microwave: 1 Refrigerator: 1

Construction Materials

Block: 1 Concrete: 1

Cooling

Wall/Window Unit(s): 1

Current Use

Multi-Family: 1 Single Family: 1

Exterior Features

Balcony: 1

Income and Expenses

Gross Income: 19000 Gross Scheduled Income: 228000

Owner Pays

Cable TV: 1 Electricity: 1 Exterior Maintenance: 1 Grounds Care: 1 Insurance: 1 Taxes: 1 Water: 1

Parking Features

Guest: 1 Off Street: 1 Parking Lot: 1 RV Access/Parking: 1

Pool Features

In Ground Private: 1

Roof

Other: 1

Sewer

Public Sewer: 1

Unit 1 Details

Unit ID: 19 Actual Rent: 1000 Beds Total: 1 Full Baths Total: 1 Furnished: Unfurnished

Water Source

Public: 1

Historical Information

Public Historical Remarks 1: Meters: # Electric Meters: 19, # Water Meters: 1; Road Frontage: 100; Depth: 205; Financial Pkg: Yes; Franchise Opt In: Yes

Contract Information

Current Price: $1,372,000 Sold Price: $1,372,000 Status: Closed Listing Contract Date: 2020-08-03 Property Sub Type: Multi Family

Location Tax and Legal

Street Number: 3738 Street Direction Prefix: S Street Name: Atlantic Street Suffix: Avenue County: Volusia State: FL Postal Code: 32118 Subdivision Name: Atlantic Shores MLS Area Major: 12 - S Dunlawton to N Ponce Inlet

Status Change Information

Major Change Timestamp: 2020-11-09T19:55:01Z Major Change Type: Status Change Price Change Timestamp: 2020-09-17T16:54:23Z Purchase Contract Date: 2020-09-19 Close Date: 2020-11-06 Close Price: 1372000

Property Features

Appliances: Electric Range; Microwave; Refrigerator Construction Materials: Block; Concrete Cooling: Wall/Window Unit(s) Current Use: Multi-Family; Single Family Exterior Features: Balcony Owner Pays: Cable TV; Electricity; Exterior Maintenance; Grounds Care; Insurance; Taxes; Water Parking Features: Guest; Off Street; Parking Lot; RV Access/Parking Pool Features: In Ground Private Roof: Other Sewer: Public Sewer View: Ocean; River Water Source: Public
Listing Office: Keller Williams Realty Florida Partners
Last Updated: September - 23 - 2024
Information deemed reliable but not guaranteed.

Compare listings

Compare