3738 S Atlantic Avenue, Daytona Beach Shores, FL 32118 (MLS# 1074002)

3738 S Atlantic Avenue, Daytona Beach Shores, FL 32118

$1,372,000

Virtual Tour

https://www.youtube.com/watch?v=bFHDzUvf49A&feature=youtu.be

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

Overview

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 ... (Read more)

Listing Details MLS# 1074002

General Property Information

Number Of Units Total: 19
Bedrooms Total: 19
Living Area: 6696
Year Built: 1954
Lot Size Acres: 0.47
Lot Size Dimensions: 20,500
Association YN: Yes
Water Body Access YN: No
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!
Association Fee 2: 0
List Price/SqFt: 224.01
Sold Price/SqFt: 204.9

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

Contract Information

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

Income and Expenses

Gross Income: 19000
Gross Scheduled Income: 228000

More Information

Unit 1 Details

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

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

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: Yes
River: Yes

Appliances

Electric Range: Yes
Microwave: Yes
Refrigerator: Yes

Construction Materials

Block: Yes
Concrete: Yes

Cooling

Wall/Window Unit(s): Yes

Current Use

Multi-Family: Yes
Single Family: Yes

Exterior Features

Balcony: Yes

Owner Pays

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

Parking Features

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

Pool Features

In Ground Private: Yes

Roof

Other: Yes

Sewer

Public Sewer: Yes

Water Source

Public: Yes

Listing Office: Keller Williams Realty Florida Partners

Last Updated: September - 23 - 2024

Information deemed reliable but not guaranteed.

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