UPDATED:
11/14/2024 08:16 AM
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 4,598 sqft
Price per Sqft $152
Subdivision Metes & Bounds
MLS Listing ID 2056493
Bedrooms 16
Full Baths 9
HOA Y/N No
Originating Board realMLS (Northeast Florida Multiple Listing Service)
Year Built 1956
Annual Tax Amount $9,813
Lot Size 0.460 Acres
Acres 0.46
Property Description
This high-performing property boasts 7 buildings, including 5 charming cottages and 2 duplexes, offering plenty of parking and consistent rental demand. Fully occupied with long-term tenants and generating over $60,000 Gross Rental Income (GRI), this property is professionally managed for smooth operation.
Key highlights:
New roofs on all buildings (installed in 2015)
Separate water and electric meters for each unit, maximizing income potential
Concrete block construction for durability and low maintenance
Units are updated as tenants move out, ensuring ongoing improvements
Located in a prime area near major roads and within walking distance to numerous businesses and employment centers, this property offers tenants convenience and security, with all leases supported by security deposits.
Don't miss out on this lucrative income-generating property—ideal for seasoned investors!
Location
State FL
County Volusia
Community Metes & Bounds
Area 621-Volusia County-North Central
Direction From US 1 & Walker, head West to property on the Left
Interior
Heating Individual
Cooling Multi Units, Wall/Window Unit(s)
Exterior
Garage Off Street
Utilities Available Electricity Connected, Water Connected
Waterfront No
Roof Type Other
Parking Type Off Street
Garage No
Private Pool No
Building
Lot Description Corner Lot
Water Public
Structure Type Block,Concrete
New Construction No
Others
Tax ID 424228040300
Acceptable Financing Cash
Listing Terms Cash
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