$830,000

424 Daytona Street Daytona Beach, FL 32114 Multi Unit - Multiple Active

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Description

RARE 4-PLEX INVESTMENT OPPORTUNITY IN DAYTONA BEACH! Opportunities like this don't come around often! Welcome to 424 Daytona St, a fully leased, income-producing 4-unit multifamily property offering the perfect combination of immediate cash flow, recent upgrades, and long-term investment potential.All four units are currently rented, allowing a new owner to step into an established income-producing property from day one. Even better, the property has already had the big updates taken care of. Appliances, A/Cs, flooring, and lighting were all updated approximately two years ago, and the roof is only about three years old.And the location? One of the best parts. Just steps off Beach Street, you can walk to restaurants, bars, shopping, baseball games, and more-all while being just minutes from the beach. The property is also convenient to Brown & Brown Insurance, transportation, major employment centers, and everything happening around Downtown Daytona Beach.With new luxury apartment development nearby and continued investment throughout the area, this location offers even more reason to be excited about its long-term potential.Whether you're an experienced investor looking to add another cash-flowing property to your portfolio or a first-time buyer ready to get into multifamily real estate, this 4-plex deserves attention. Buyers using FHA or VA financing may also have the opportunity to explore an owner-occupied multifamily strategy, subject to lender and program requirements.4 units. Fully leased. Recently renovated. 3-year-old roof. Steps from Beach Street.First Time Home Buyer - Or First Time Home Investors great news, this qualifies for FHA/VA!!!A true turnkey Daytona Beach investment opportunity in one of Central Florida's most recognizable coastal communities. Don't miss this one!

Property Highlights

Property Type: Multi Unit - Multiple
Cooling: Central Air
Heating: Central
Lot Size: 0.21 Acres
Roof Type: Shingle
Taxes: $7,547
Year Built: 1973

General Information

Bedrooms: 5
Sqft: 2,880
County: Volusia
Subdivision: GORDON COURT
Listed By:
Cheryl Gray OCEANS LUXURY REALTY FULL SVC 386-236-3700

Amenities

Other
Other

Property Features

Annual Net Income: 65400.00
Days on Site: 1
Directions: Head South on W International Speedway Blvd, Turn left to N Ridgewood Ave, Make a right turn to Fairview Ave, Turn Right to Daytona St. House on the left.
Exterior: Concrete
Flood Zone Code: AE
Foundation: Slab
Home Warranty Y/N: No
Listing Terms: Cash, Conventional, FHA, VA Loan
Lot Dimensions: 0.21
Ownership: Fee Simple
Pets Allowed: Cats OK, Dogs OK, Yes
Property Attached Y/N: No
Property Sub-Type: Quadruplex
Sewer: Public Sewer
Showing Instructions: Combination Lock Box
Special Sale Provisions: None
Utilities: Electricity Connected, Sewer Connected, Water Connected
Water: Public
Water Access Y/N: No
Zoning: RESI
$830,000
5beds
2,880sqft
New to the Market Active
BEDS5 BATHS SQUARE FEET2,880 MLS#V4950727
STATUSActive PROPERTY TYPEMulti Unit - Multiple SUBDIVISIONGORDON COURT

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424 Daytona Street , Daytona Beach, FL 32114.

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Estimated Payment

$ 3,670.45 per month $2,799.45 Principal & Interest $628.92 Property Tax $242.08 Homeowner's Insurance

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