416 N Grandview Avenue, Daytona Beach, FL 32118
$1,200,000
Property Type:
Residential Income
Bedrooms:
50
Square Footage:
25,000
Status:
Closed
Current Price:
$1,200,000
List Date:
7/10/2013
Last Modified:
9/23/2024
Description
Branches East Apts. & Townhomes 1Block From The Ocean. 90% Occupied With Huge Room For Upside By Increasing Rents & Charging For Carports!! 28 Units Including 7 Townhome Style Apartments. 37 Parking Spaces 21 Are Carports. On Site Laundry Room & Additional Storage. Steps From Daytona's Premier Tourist Destinations: Oceanwalk, Boardwalk, Daytona Lagoon Water Park, The Convention Center, Hilton & Plaza Hotel & The Proposed *Hard Rock Hotel* Which Will Have A Tremendous Economic Impact In The Area. Long Term Tenants. Manager/Maintenance Person Lives On Site. 11 Units Have Been Extensively Renovated With Partial Tile, Kitchen & Bathroom Remodels While Other Units Were Remodeled & Maintained As Needed. Exceptional Location, Upside Potential, Occupancy, & Auto-Pilot Management System Make Thi
Supplements: s Investment An Excellent Choice. 9.97% Cap Rate. *Confidential Sale* - Do No Drive By Or Walk Through Property Unannounced.Offered As Packg. Deal With Oakwood Apts. As a 54 Unit Offering.
More Information MLS# 546478
Location, Tax, and Legal
Country: US
Parcel Number: 530501380110
Tax Annual Amount: 10670
Tax Year: 2012
Tax Legal Description: LOT 11 & W 175 FT OF LOTS 12 & 13 & S 24 FT OF W 175 FT OF LOT 14 BLK 38 EAST DAYTONA MB 2 PG 106 & INC LOT 6 EXC E 150FT & PORTION OF LOT 5 ADJ N/LY BLK 7 B & S SEABREEZE MB 2 PG187 PER OR 1686 PG 00
Currently Not Used
Bedrooms Total: 50
Living Area Source: Other
Building Area Total: 25000
Year Built: 1973
New Construction YN: No
Garage YN: No
Carport YN: Yes
Pool Private YN: No
Parking Total: 37
View
Ocean: 1
General Property Information
Lot Size Dimensions: 40780
Living Area: 23000
Number Of Units Total: 28
Association YN: No
Directions: E On International Speedway To N On Atlantic Ave. W On Butler Blvd & N On Grandview. Property Is On E Side of Rd.
Public Remarks: Branches East Apts. & Townhomes 1Block From The Ocean. 90% Occupied With Huge Room For Upside By Increasing Rents & Charging For Carports!! 28 Units Including 7 Townhome Style Apartments. 37 Parking Spaces 21 Are Carports. On Site Laundry Room & Additional Storage. Steps From Daytona's Premier Tourist Destinations: Oceanwalk, Boardwalk, Daytona Lagoon Water Park, The Convention Center, Hilton & Plaza Hotel & The Proposed *Hard Rock Hotel* Which Will Have A Tremendous Economic Impact In The Area. Long Term Tenants. Manager/Maintenance Person Lives On Site. 11 Units Have Been Extensively Renovated With Partial Tile, Kitchen & Bathroom Remodels While Other Units Were Remodeled & Maintained As Needed. Exceptional Location, Upside Potential, Occupancy, & Auto-Pilot Management System Make Thi
Water Body Access YN: No
List Price/SqFt: 54.78
Sold Price/SqFt: 52.17
Bedrooms Total: 50
Year Built: 1973
Status Change Information
Contingent Date: 2013-08-10
Major Change Timestamp: 2013-10-29T17:21:20Z
Major Change Type: Status Change
Close Date: 2013-10-29
Close Price: 1200000
Appliances
Dishwasher: 1
Disposal: 1
Electric Range: 1
Microwave: 1
Refrigerator: 1
Washer: 1
Construction Materials
Block: 1
Concrete: 1
Cooling
Central Air: 1
Current Use
Multi-Family: 1
Single Family: 1
Electric
220 Volts: 1
Exterior Features
Other: 1
Fencing
Fenced: 1
Heating
Central: 1
Income and Expenses
Gross Income: 18200
Gross Scheduled Income: 207620
Net Operating Income: 119440
Laundry Features
In Unit: 1
Lot Features
Sprinklers In Front: 1
Sprinklers In Rear: 1
Owner Pays
Cable TV: 1
Exterior Maintenance: 1
Hot Water: 1
Insurance: 1
Management: 1
Taxes: 1
Trash Collection: 1
Water: 1
Parking Features
Carport: 1
Guest: 1
Off Street: 1
On Street: 1
Parking Lot: 1
Roof
Shingle: 1
Sewer
Public Sewer: 1
Unit 1 Details
Unit ID: 3
Actual Rent: 642
Unit SqFt: 1050
Beds Total: 2
Full Baths Total: 2
Unit 2 Details
Unit ID: 6
Actual Rent: 550
Unit SqFt: 600
Beds Total: 1
Full Baths Total: 1
Unit 3 Details
Unit ID: 15
Actual Rent: 605
Unit SqFt: 825
Beds Total: 2
Full Baths Total: 1
Unit 4 Details
Unit ID: 4
Actual Rent: 968
Unit SqFt: 1100
Beds Total: 2
Full Baths Total: 1
Half Baths Total: 1
Water Source
Public: 1
Historical Information
Public Historical Remarks 1: Unit ID: 3, Furnished: Appliances; Unit ID: 6, Furnished: Appliances; Unit ID: 15, Furnished: Appliances; Unit ID: 4, Furnished: Appliances; Zoning (Text): MF; Financial Info: Other Annual Inc: 5400; Property Name: Branches East Apts.; Meters: # Electric Meters: 30, # Water Meters: 1; Financial Pkg: Yes; Franchise Opt In: Yes
Contract Information
Current Price: $1,200,000
Sold Price: $1,200,000
Status: Closed
Listing Contract Date: 2013-07-08
Property Sub Type: Multi Family
Location Tax and Legal
Street Number: 416
Street Direction Prefix: N
Street Name: Grandview
Street Suffix: Avenue
County: Volusia
State: FL
Postal Code: 32118
Subdivision Name: East Daytona
MLS Area Major: 14 - Daytona Peninsula S of Seabreeze
Property Features
Appliances: Dishwasher; Disposal; Electric Range; Microwave; Refrigerator; Washer
Construction Materials: Block; Concrete
Cooling: Central Air
Current Use: Multi-Family; Single Family
Electric: 220 Volts
Exterior Features: Other
Fencing: Fenced
Heating: Central
Laundry Features: In Unit
Lot Features: Sprinklers In Front; Sprinklers In Rear
Owner Pays: Cable TV; Exterior Maintenance; Hot Water; Insurance; Management; Taxes; Trash Collection; Water
Parking Features: Carport; Guest; Off Street; On Street; Parking Lot
Roof: Shingle
Sewer: Public Sewer
View: Ocean
Water Source: Public
Listing Office:
Fl Property Broker Inc
Last Updated: September - 23 - 2024
Information deemed reliable but not guaranteed.