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
Overview
Description
Supplements:
Listing Details MLS# 1111891
General Property Information
- Number Of Units Total
- 7
- Year Built
- 1952
- Lot Size Acres
- 0.3
- 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
Property Features
Business Type:
Commercial; Residential
Current Use:
Commercial; Multi-Family; Residential
Sale Includes:
Building & Land
Contract Information
- 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
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
More Information
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
- Yes
- Multi-Family
- Yes
- Residential
- Yes
Business Type
- Commercial
- Yes
- Residential
- 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.