705 N Wild Olive Avenue, Daytona Beach, FL 32118
$845,000
Property Type:
Commercial Sale
Lot Size (sq. ft.):
13,068
Status:
Closed
Current Price:
$845,000
List Date:
7/24/2023
Last Modified:
9/28/2024
Description
Investors wanted! Don't miss this opportunity to own this 7-unit apartment building just a five minute walk from the World-Famous Daytona Beach, FL! Take advantage of an excellent rental market and a consistent historical income with GREAT UPSIDE on this quiet, primarily single family street. This building has solid bones (concrete block construction), a newer commercial roof (2013), and has 3 existing tenants providing a solid income while you renovate the 4 vacant apartments.
Walking distance to restaurants, shopping, beach attractions, and hotels/resorts make easy work commute for tenants or excellent lifestyle for retired inhabitants.
Unit mix consists of: one, 2-bedroom/1 bath apartment, one efficiency apartment, and five, 1-bedroom/1 bath apartments.
Supplements: This property has: -New Roof 2013 (WKL Roofing), Exterior of the building was painted 2023, parking lot paved 2023 and also has off-street parking and a garden/picnic area for tenants.
More Information MLS# 1111891
General Property Information
Lot Size Acres: 0.3
Number Of Units Total: 7
Association YN: No
Water Body Access YN: No
Waterfront YN: No
Directions: Located just two blocks from World Famous Daytona Beach on N Wild Olive Avenue.
Public Remarks: Investors wanted! Don't miss this opportunity to own this 7-unit apartment building just a five minute walk from the World-Famous Daytona Beach, FL! Take advantage of an excellent rental market and a consistent historical income with GREAT UPSIDE on this quiet, primarily single family street. This building has solid bones (concrete block construction), a newer commercial roof (2013), and has 3 existing tenants providing a solid income while you renovate the 4 vacant apartments.
Walking distance to restaurants, shopping, beach attractions, and hotels/resorts make easy work commute for tenants or excellent lifestyle for retired inhabitants.
Unit mix consists of: one, 2-bedroom/1 bath apartment, one efficiency apartment, and five, 1-bedroom/1 bath apartments.
Lot Size Dimensions: 70x188
Year Built: 1952
Location, Tax, and Legal
Country: US
Parcel Number: 5305-01-30-0060
Tax Annual Amount: 6658
Tax Year: 2022
Tax Legal Description: LOT 6 BLK 30 EAST DAYTONA MB 2 PG 106 PER OR 2099 PG 1944 PER OR 6940 PG 1942 PER OR 6940 PG 1934
Currently Not Used
Year Built: 1952
Current Use
Commercial: 1
Multi-Family: 1
Residential: 1
Business Type
Commercial: 1
Residential: 1
Sale Includes
Building & Land: 1
Historical Information
Public Historical Remarks 1: Zoning (Text): SFR-5; Bldg Type/Location: Free Standing; SqFt - Total: 3941.00; Confidential Listing: N; % Occupancy: 43.00; Franchise Opt In: No
Contract Information
Current Price: $845,000
Sold Price: $845,000
Status: Closed
Listing Contract Date: 2023-07-24
Property Sub Type: Business
Location Tax and Legal
Street Number: 705
Street Direction Prefix: N
Street Name: Wild Olive
Street Suffix: Avenue
County: Volusia
State: FL
Postal Code: 32118
MLS Area Major: 15 - Daytona Peninsula N of Seabreeze
Status Change Information
Major Change Timestamp: 2023-11-16T18:45:54Z
Major Change Type: Status Change
Purchase Contract Date: 2023-09-13
Close Date: 2023-11-16
Close Price: 845000
Property Features
Business Type: Commercial; Residential
Current Use: Commercial; Multi-Family; Residential
Sale Includes: Building & Land
Listing Office:
SVN Alliance Commercial Real Estate Advisors
Last Updated: September - 28 - 2024
Information deemed reliable but not guaranteed.