Search

Supplements: Main Residence Lower Unit: Spacious 2-bedroom, 1-bath apartment featuring a fireplace and private laundry. Upper Unit: 1-bedroom, 1-bath apartment with a private rear entrance and its own laundry facilities. Detached Cottage Approximately 800 square feet with loft, private laundry, and long term tenants. All three units are currently occupied by lo ... (Read more) Main Residence Lower Unit: Spacious 2-bedroom, 1-bath apartment featuring a fireplace and private laundry. Upper Unit: 1-bedroom, 1-bath apartment with a private rear entrance and its own laundry facilities. Detached Cottage Approximately 800 square feet with loft, private laundry, and long term tenants. All three units are currently occupied by long-term tenants, providing immediate, stable cash flow from day one. Current gross rental income is approximately $63,000 annually. Property Highlights Three fully leased residential rental units Multi-family zoning Located within the Historic and Arts Overlay District Prime Downtown New Smyrna Beach location Easy walk to Canal Street shopping, dining, galleries, and entertainment Main residence roof approximately 8 years old Detached cottage roof replaced in 2026 Strong long-term rental history with excellent tenant demand Owner currently pays all utilities, including electric, water, natural gas for the water heaters, and the gas range, as the property is serviced by one electric meter and one water meter. With an estimated 6.5 capitalization rate, this property presents an outstanding opportunity for investors seeking dependable income, excellent location, and long-term appreciation potential. Properties like this--fully leased, income-producing multifamily investments in Historic Downtown New Smyrna Beach--rarely become available. Schedule your private showing today.