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Wade M. Berlin

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205 Wild Olive Avenue
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PRICED AT ONLY: $875,000

Address: 205 Wild Olive Avenue, DAYTONA BEACH, FL 32118

Description

Explicitly designed for the astute investor and or an owner occupied for positive cash flow revenue generating property, completely rebuilt and beautifully reimagined, this exceptional multi unit property at 205 N Wild Olive Ave offers a rare turnkey investment opportunity in the very heart of everything Daytona Beach is world renown for. Located just steps from the sand and directly across from Daytona Lagoon, this property combines modern construction with unbeatable location and features upscale accommodations. This property features upscale accommodations. Unit 205 is approx 1100 sqft and is a 1 story distinctly renovated beach house featuring 2 bedrooms, 2 full sized baths, 1 spare room could be utilized as an office, bonus room or 3rd sleeping quarters, offering a potential 3rd bedroom or office space. The front residence has been taken nearly down to the studs and fully reconstructed into a stunning single story home featuring 2 bedrooms and 2 bathrooms. Everything is brand new from the redesigned floor plan and updated siding to the roof, appliances, and finishes while preserving the charm of the original fireplace. Unit 207 is approx 1300 sqft and is a 2 story brand new build from the ground up. Behind the main home, a newly constructed two story building adds two additional units one upstairs and one downstairs each offering 2 bedrooms and 2 bathrooms. In total, the property includes three spacious 2/2 units, all thoughtfully designed with modern living in mind. Both buildings were designed and constructed with accentuated attention to the smallest details. All New plumbing & electric, Interior walls insulated, above code required measures for adverse weather conditions. Residents will appreciate the convenience of a separate outdoor laundry building with a large washer/dryer area, as well as proximity to everything Daytona Beach has to offer. Located within walking distance to the Ocean Center and near Peabody Auditorium, plus just minutes from the river, beaches, shopping, dining, and vibrant nightlife. Exceptional Cap rates Above 7 percent utilizing all rentable space, above 4 percent as an owner occupied situation. In either scenario, the new owner will enjoy a safe & reliable R.O.I. Whether you're looking to expand your portfolio or secure a high demand rental property in a prime coastal location, this fully renovated triplex is a standout opportunity.
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  • MLS#: NS1088052 ( Residential Income )
  • Street Address: 205 Wild Olive Avenue
  • Viewed: 32
  • Price: $875,000
  • Price sqft: $333
  • Waterfront: No
  • Year Built: 1947
  • Bldg sqft: 2626
  • Bedrooms: 6
  • Total Baths: 6
  • Days On Market: 9
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Features
Building and Construction
  • Covered Spaces: 0.00
  • Exterior Features: Outbuildings
  • Flooring: Luxury Vinyl
  • Living Area: 2370.00
  • Other Structures: Outbuilding
  • Roof: Shingle
Property Information
  • Property Condition: Completed
Land Information
  • Lot Features: City Limits, Near Public Transit, Paved
Garage and Parking
  • Garage Spaces: 0.00
  • Open Parking Spaces: 0.00
  • Parking Features: Common, Driveway, On Street
Eco-Communities
  • Water Source: Public
Utilities
  • Carport Spaces: 0.00
  • Cooling: Wall/Window Unit(s)
  • Heating: Ductless
  • Sewer: Public Sewer
  • Utilities: Electricity Connected, Sewer Connected, Water 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: 2025
Other Features
  • Appliances: Disposal, Dryer, Range, Refrigerator, Tankless Water Heater, Washer
  • Country: US
  • Furnished: Unfurnished
  • Interior Features: Open Floorplan
  • Legal Description: LOT 18 RESUB BLK 22 MEMENTO MB 2 PG 143 PER OR 4104 PG 3964 PER OR 6279 PGS 0484-0485 PER OR 7007 PG 0865
  • Levels: Two
  • Area Major: 32118 - Daytona Beach/Holly Hill
  • Occupant Type: Vacant
  • Parcel Number: 00-53-05-12-22-0180
  • Possession: Close Of Escrow
  • Views: 32
  • Zoning Code: 02RP
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Contact Info

  1. The Real Estate Professional You Deserve
  2. Mobile: 904.248.9848
  3. phoenixwade@gmail.com
Wade M. Berlin