508 Lenox Avenue, Daytona Beach, FL 32118 (MLS# 1040602)

508 Lenox Avenue, Daytona Beach, FL 32118

$850,000

Property Type: Residential Income Bedrooms: 10 Square Footage: 5,680 Status: Closed

Current Price: $850,000 List Date: 3/14/2018 Last Modified: 9/23/2024

Overview

Description

ONE OF THE BEST, Beachside, Renovated, 8 Unit, purpose built, apartment buildings, with ocean views from viewing down the block in a great area. This is one of the nicest Apartment buildings on the beachside, located on a street with mostly single family homes, in one of the nicest locations. Such a property as this is rarely is offered for sale. Some of the recent upgrades include most of the units having custom kitchens with newer stainless steel appliances, updated bathrooms, with updates to the plumbing and electrical including as well as a majority of the units have newer central Air/Heat units. Tenants enjoy the tropical garden landscaping with the imported bamboo trees and tranquil settings.

Supplements: The property currently has a long term tenant, who has lived there for years and knows the building well as he is on sight property keeper/handyman which is an added bonus. He keeps a watchful eye on this gem making this a great investment for an out of state investor. All information deemed to be true but not guaranteed and must be verified by pot ... (Read more)

Listing Details MLS# 1040602

General Property Information

Number Of Units Total: 8
Bedrooms Total: 10
Living Area: 5280
Year Built: 1971
Association YN: Yes
Water Body Access YN: No
Directions: From International Speedway and A1A, go south on A1A, make right on Lenox Ave, building on left
Public Remarks: ONE OF THE BEST, Beachside, Renovated, 8 Unit, purpose built, apartment buildings, with ocean views from viewing down the block in a great area. This is one of the nicest Apartment buildings on the beachside, located on a street with mostly single family homes, in one of the nicest locations. Such a property as this is rarely is offered for sale. Some of the recent upgrades include most of the units having custom kitchens with newer stainless steel appliances, updated bathrooms, with updates to the plumbing and electrical including as well as a majority of the units have newer central Air/Heat units. Tenants enjoy the tropical garden landscaping with the imported bamboo trees and tranquil settings.
List Price/SqFt: 179.92
Sold Price/SqFt: 160.98
Association Fee 2: 0

Property Features

Appliances: Electric Range; Microwave; Refrigerator Construction Materials: Block; Concrete Cooling: Central Air Current Use: Multi-Family Exterior Features: Balcony Fencing: Fenced Heating: Central Listing Terms: Assumable Owner Pays: Insurance; Taxes; Trash Collection; Water Parking Features: Off Street; Parking Lot Roof: Other Sewer: Public Sewer Tenant Pays: Electricity Water Source: Public

Contract Information

Listing Contract Date: 2018-03-13
Property Sub Type: Multi Family

Location Tax and Legal

Street Number: 508
Street Name: Lenox
Street Suffix: Avenue
County: Volusia
State: FL
Postal Code: 32118
Subdivision Name: Atlantic City
MLS Area Major: 14 - Daytona Peninsula S of Seabreeze

Status Change Information

Major Change Timestamp: 2018-08-15T13:14:33Z
Major Change Type: Status Change
Purchase Contract Date: 2018-04-05
Close Date: 2018-08-15
Close Price: 850000

Income and Expenses

Gross Income: 7090
Gross Scheduled Income: 87480

More Information

Unit 1 Details

Unit ID: 2
Actual Rent: 850
Full Baths Total: Yes

Unit 2 Details

Unit ID: 3
Actual Rent: 850
Full Baths Total: Yes

Unit 3 Details

Unit ID: 4
Actual Rent: 850
Full Baths Total: Yes

Unit 4 Details

Unit ID: 6
Actual Rent: 850
Full Baths Total: Yes

Unit 5 Details

Unit ID: 7
Actual Rent: 850
Full Baths Total: Yes

Unit 6 Details

Unit ID: 8
Actual Rent: 850
Full Baths Total: Yes

Unit 7 Details

Unit ID: Yes
Actual Rent: 995
Full Baths Total: Yes

Unit 8 Details

Unit ID: 5
Actual Rent: 995
Full Baths Total: Yes

Historical Information

Public Historical Remarks 1: Financial Info: Other Annual Inc: 2400; Property Name: Lenox Villas; Meters: # Electric Meters: 9, # Water Meters: 1; Road Frontage: 77; Depth: 120; Financial Pkg: No; Franchise Opt In: No

Location, Tax, and Legal

Country: US
Parcel Number: 5309-26-02-0150
Tax Annual Amount: 6739
Tax Year: 2017
Zoning Description: Other
Tax Legal Description: LOT 14 EXC E PART BEING 35 FT ON N LINE & 46.15 FT ON S LINE & LOT 15 BLK B OLIVER TERRACE ATLANTIC CITY PER OR 4894 PGS 2618-2619 PER OR 6602 PG 2361 PER OR 7190 PG 3120

Currently Not Used

Bedrooms Total: 10
Living Area Source: Appraiser
Building Area Total: 5680
Year Built: 1971
New Construction YN: No
Carport YN: No
Pool Private YN: No

Appliances

Electric Range: Yes
Microwave: Yes
Refrigerator: Yes

Construction Materials

Block: Yes
Concrete: Yes

Cooling

Central Air: Yes

Current Use

Multi-Family: Yes

Exterior Features

Balcony: Yes

Fencing

Fenced: Yes

Heating

Central: Yes

Listing Terms

Assumable: Yes

Owner Pays

Insurance: Yes
Taxes: Yes
Trash Collection: Yes
Water: Yes

Parking Features

Off Street: Yes
Parking Lot: Yes

Roof

Other: Yes

Sewer

Public Sewer: Yes

Tenant Pays

Electricity: Yes

Water Source

Public: Yes

Listing Office: Marlin Realty Group

Last Updated: September - 23 - 2024

Information deemed reliable but not guaranteed.

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