PRICED AT ONLY: $239,900
Address: 701-705 Palmetto Avenue, DAYTONA BEACH, FL 32114
Description
This well maintained and recently updated duplex is a strong cash flowing investment opportunity in the heart of Daytona Beach. Each unit has benefited from extensive upgrades over the past few years, including new cabinets, granite countertops, modern appliances, updated HVAC systems, water heaters, windows, fencing, and moreminimizing near term capital expenditures for the next owner.
Both units are currently tenant occupied at $950 per month each, providing immediate rental income of $1,900 per month ($22,800 annually). With its desirable location and significant improvements, this property offers long term stability while also presenting upside potential for investors to gradually increase rents in line with the Daytona Beach market.
Whether youre expanding your portfolio or entering the market for the first time, 701 S Palmetto Ave represents a turnkey opportunity with strong fundamentals and future growth potential.
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- MLS#: O6348079 ( Residential Income )
- Street Address: 701-705 Palmetto Avenue
- Viewed: 24
- Price: $239,900
- Price sqft: $141
- Waterfront: No
- Year Built: 1950
- Bldg sqft: 1701
- Bedrooms: 4
- Total Baths: 2
- Days On Market: 39
- Additional Information
- Geolocation: 29.1997 / -81.0153
- County: VOLUSIA
- City: DAYTONA BEACH
- Zipcode: 32114
- Elementary School: Turie T. Small Elem
- Middle School: Campbell Middle
- High School: Mainland High School
- Provided by: RLW REALTY
- Contact: Logan Wilson
- 352-771-2560
- DMCA Notice
Features
Building and Construction
- Covered Spaces: 0.00
- Exterior Features: Fence, Lighting, Storage
- Flooring: Ceramic Tile, Other, Tile, Vinyl
- Living Area: 1242.00
- Roof: Shingle
Property Information
- Property Condition: Completed
School Information
- High School: Mainland High School
- Middle School: Campbell Middle
- School Elementary: Turie T. Small Elem
Garage and Parking
- Garage Spaces: 0.00
- Open Parking Spaces: 0.00
- Parking Features: Driveway
Eco-Communities
- Water Source: Public
Utilities
- Carport Spaces: 0.00
- Cooling: Central Air
- Heating: Central, Electric
- Pets Allowed: Yes
- Sewer: Public Sewer
- Utilities: Electricity Connected, Public, Sewer Connected
Finance and Tax Information
- Home Owners Association Fee: 0.00
- Insurance Expense: 0.00
- Net Operating Income: 0.00
- Other Expense: 0.00
- Tax Year: 2024
Rental Information
- Tenant Pays: Electricity, Sewer, Water
Other Features
- Appliances: Range, Refrigerator
- Country: US
- Furnished: Unfurnished
- Interior Features: Solid Surface Counters, Stone Counters, Thermostat
- Legal Description: W 59 FT OF LOT 1 N OF CANAL & ALL LAND TO N OF SAME & S OF SOUTH ST BLK 60 HIGBEES DAYTONA MB 12 PG 98 PER OR 5375 PG 0330 PER OR 5634 PG 3019 PER OR 7197 PG 0437 PER OR 7214 PG 4171
- Levels: One
- Area Major: 32114 - Daytona Beach
- Occupant Type: Tenant
- Parcel Number: 39-15-33-03-60-0012
- Possession: Close Of Escrow
- Views: 24
- Zoning Code: R2
Nearby Subdivisions
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Excellent investment opportunity in the heart of Daytona Beach! This multifamily property features two spacious 2 bedroom, 1 bathroom units, offering steady income potential just minutes from local co
- Bedrooms: 4
- Baths: 2
- Approx. 2482 sqft
- Provided by LPT REALTY, LLC
- Contact Svetlana Hardwick
-
- DMCA Notice
Contact Info
- The Real Estate Professional You Deserve
- Mobile: 904.248.9848
- phoenixwade@gmail.com
