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624 Braddock Avenue, Daytona Beach, FL 32118

$1,075,000
Property Type: Commercial Sale Lot Size (sq. ft.): 12,197 Status: Closed
Current Price: $1,075,000 List Date: 4/08/2024 Last Modified: 9/28/2024

Overview

Description

Extremely unique opportunity to purchase a concrete block construction, beachside apartment complex with big upside. This unit, two-story, garden style apartment complex has been gutted and needs finishing. Full architectural plans included. Unit mix consists of fourteen, 1-bedroom/1 bathroom apartments. Owner installed a new roof in 2022, made concrete repairs, and has purchased many of the fixtures/supplies needed to finish including HVAC units, sheetrock, plumbing and electrical supplies, etc. Just one property removed from busy A1-A and the World-Famous Daytona Beach, FL! Take advantage of an excellent rental market and GREAT UPSIDE once this property is renovated.

Supplements: Walking distance to restaurants, shopping, beach attractions, and hotels/resorts make easy work commute for tenants or excellent lifestyle for retired inhabitants.

Listing Details MLS# 1116900

General Property Information

Number Of Units Total
14
Year Built
1967
Lot Size Acres
0.28
Association YN
No
Water Body Access YN
No
Waterfront YN
No
Directions
Located one property removed from State Route A1-A in Daytona Beach, FL on Braddock Avenue
Public Remarks
Extremely unique opportunity to purchase a concrete block construction, beachside apartment complex with big upside. This unit, two-story, garden style apartment complex has been gutted and needs finishing. Full architectural plans included. Unit mix consists of fourteen, 1-bedroom/1 bathroom apartments. Owner installed a new roof in 2022, made concrete repairs, and has purchased many of the fixtures/supplies needed to finish including HVAC units, sheetrock, plumbing and electrical supplies, etc. Just one property removed from busy A1-A and the World-Famous Daytona Beach, FL! Take advantage of an excellent rental market and GREAT UPSIDE once this property is renovated.

Property Features

Business Type: Commercial Current Use: Commercial; Multi-Family Sale Includes: Building & Land

Contract Information

Listing Contract Date
2023-12-05
Property Sub Type
Business

Location Tax and Legal

Street Number
624
Street Name
Braddock
Street Suffix
Avenue
County
Volusia
State
FL
Postal Code
32118
MLS Area Major
14 - Daytona Peninsula S of Seabreeze

Status Change Information

Major Change Timestamp
2024-05-31T15:58:28Z
Major Change Type
Status Change
Purchase Contract Date
2024-04-23
Close Date
2024-05-31
Close Price
1075000

Historical Information

Public Historical Remarks 1
Zoning (Text): SFR-5; SqFt - Total: 7120.00; Confidential Listing: N; Franchise Opt In: No

More Information

Location, Tax, and Legal

Country
US
Parcel Number
5309-18-00-0310
Tax Annual Amount
14853
Tax Year
2022
Tax Legal Description
LOT 31 BRADDOCK PARK DAYTONA BCH MB 20 PG 60 PER OR 4996 PG 4866 PER OR 5608 PG 2754 PER OR 6872 PGS 2178-2181 INC PER OR 6872 PGS 2185-2186 PER OR 7379 PG 527

Currently Not Used

Year Built
1967

Current Use

Commercial
Yes
Multi-Family
Yes

Business Type

Commercial
Yes

Sale Includes

Building & Land
Yes
Listing Office: SVN Alliance Commercial Real Estate Advisors
Last Updated: September - 28 - 2024
Information deemed reliable but not guaranteed.

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