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515 Silver Beach Avenue, Daytona Beach, FL 32118

$1,250,000
Property Type: Residential Income Bedrooms: 18 Square Footage: 8,878 Lot Size (sq. ft.): 13,504 Status: Closed
Current Price: $1,250,000 List Date: 1/28/2020 Last Modified: 9/23/2024

Overview

Description

14 Units. ONE Of the BEST, RENOVATED, BEACHSIDE, Concrete Apartment Buildings,STEPS TO BEACH ACCESS at Silver Beach Entrance. Such a property as this, is rarely offered for sale. All are Large, Spacious Apartments. Some of the recent upgrades include; Newer Roof, extensive interior renovations, appliances,electrical updating, and Quality Flooring. New Silver Beach Ave. Veteran's Bridge and park due to open early March, bringing thousands of cars past this building on the way to the Beach. Parking in both Front and Rear. Storage Units on site. Additional spaces for motorcycles, scooters, and bicycles. Professionally managed with high occupancy. Sidewalk in front leads directly to the public Beach. More Interior photos to come soon.

Listing Details MLS# 1067117

General Property Information

Number Of Units Total
14
Bedrooms Total
18
Living Area
8818
Year Built
1970
Lot Size Acres
0.31
Lot Size Dimensions
13,300
Association YN
Yes
Water Body Access YN
No
Directions
From the Beach on A1A Atlantic Blvd., west 100 feet on Silver Beach Blvd., on the Right two Buildings.
Public Remarks
14 Units. ONE Of the BEST, RENOVATED, BEACHSIDE, Concrete Apartment Buildings,STEPS TO BEACH ACCESS at Silver Beach Entrance. Such a property as this, is rarely offered for sale. All are Large, Spacious Apartments. Some of the recent upgrades include; Newer Roof, extensive interior renovations, appliances,electrical updating, and Quality Flooring. New Silver Beach Ave. Veteran's Bridge and park due to open early March, bringing thousands of cars past this building on the way to the Beach. Parking in both Front and Rear. Storage Units on site. Additional spaces for motorcycles, scooters, and bicycles. Professionally managed with high occupancy. Sidewalk in front leads directly to the public Beach. More Interior photos to come soon.
List Price/SqFt
158.77
Sold Price/SqFt
141.76
Association Fee 2
0

Property Features

Appliances: Electric Range; Microwave; Refrigerator Construction Materials: Block; Concrete Cooling: Central Air Current Use: Multi-Family Exterior Features: Other Heating: Central; Electric Owner Pays: Exterior Maintenance; Gas; Grounds Care; Insurance; Management; Pest Control; Taxes; Water Parking Features: Parking Lot Roof: Shingle Sewer: Public Sewer Tenant Pays: Cable TV; Electricity; Insurance Water Source: Public

Contract Information

Listing Contract Date
2020-01-28
Property Sub Type
Multi Family

Location Tax and Legal

Street Number
515
Street Name
Silver Beach
Street Suffix
Avenue
County
Volusia
State
FL
Postal Code
32118
Subdivision Name
Not In Subdivision
MLS Area Major
14 - Daytona Peninsula S of Seabreeze

Status Change Information

Major Change Timestamp
2020-12-04T21:15:07Z
Major Change Type
Status Change
Contingent Date
2020-11-27
Purchase Contract Date
2020-10-27
Close Date
2020-12-01
Close Price
1250000

Income and Expenses

Gross Income
10950
Gross Scheduled Income
137400

More Information

Unit 1 Details

Unit ID
10
Actual Rent
795
Full Baths Total
Yes

Unit 2 Details

Unit ID
4
Actual Rent
875
Full Baths Total
Yes

Historical Information

Public Historical Remarks 1
Financial Info: % Vacancy: 5; Property Name: Silver Beach Apartments; Meters: # Electric Meters: 14, # Gas Meters: 1, # Water Meters: 1; Road Frontage: 100; Depth: 133; Franchise Opt In: Yes

Location, Tax, and Legal

Country
US
Parcel Number
5309-35-00-0070
Tax Annual Amount
14761
Tax Year
2019
Tax Legal Description
9 15 33 LOTS 7 & 8 BEACON REALTY CO SUB PER OR 2122 PG 0899 PER OR 7046 PG 0195

Currently Not Used

Bedrooms Total
18
Living Area Source
Appraiser
Building Area Total
8878
Year Built
1970
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

Other
Yes

Heating

Central
Yes
Electric
Yes

Owner Pays

Exterior Maintenance
Yes
Gas
Yes
Grounds Care
Yes
Insurance
Yes
Management
Yes
Pest Control
Yes
Taxes
Yes
Water
Yes

Parking Features

Parking Lot
Yes

Roof

Shingle
Yes

Sewer

Public Sewer
Yes

Tenant Pays

Cable TV
Yes
Electricity
Yes
Insurance
Yes

Water Source

Public
Yes
Listing Office: RE/MAX Signature
Last Updated: September - 23 - 2024
Information deemed reliable but not guaranteed.

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