Stacey Olive
REALTOR®
BEDS8
BATHS
SQUARE FEET2,540
MLS#O6419103
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SUBDIVISIONMARSHALL PARK DAYTONA BEACH
Property Description
Price improved, motivated seller, all reasonable offers considered. Beachside 4-unit just 2 blocks from the ocean, offered AS-IS. Legal nonconforming use: per city ordinance, the property must be rebuilt as single-family in the event of total destruction (property does not qualify for FHA or conventional multifamily financing). Ideal for cash or portfolio/commercial lenders. Pro-forma gross rent of $5,600+/mo. All four units are separately metered and tenants pay their own electric, leaving roughly $350/mo in water as the main landlord utility. Two units are vacant, ready to lease at market rates. The two rear units are leased month-to-month to long-term tenants at below-market rents of $900 and $1,050. A detached 1-car garage adds upside: convert it to a 5th efficiency, expand the adjoining unit, or rent it as storage (buyer to verify zoning and permitting). One tenant handles basic lawn care. Inspection reports available upon request. **Financials within this listing are Pro-Forma. 2 units are currently vacant. The two rear/garage units are currently leased Month-To-Month to long term tenants at below market rates of $900 and $1,050**
Property Features
Property Type: Multi Unit - Multiple
Cooling: Central Air, Wall/Window Unit(s)
Garage: 1 car attached
Heating: Central, Electric, Ductless
Lot Size: 0.17 Acres
Roof Type: Shingle
Taxes: $6,682
Year Built: 1908
Amenities
Eat-in Kitchen
Kitchen/Family Room Combo
Open Floorplan
Walk-In Closet(s)
Fence
Private Entrance
Private Mailbox
Private Yard
Sidewalk
Feature Descriptions
Annual Net Income: 48989.00
Days on Site: 129
Directions: From I-95: Take exit 261 (LPGA Blvd) or exit 256 (International Speedway Blvd) east toward Daytona Beach. Head east on International Speedway Blvd (US-92) toward the beach. Turn north on Nova Road or Ridgewood Ave, then navigate to Vermont Ave and head ea
Exterior: Frame, Wood Siding
Fireplace: Wood Burning
Fireplace Y/N: Yes
Flood Zone Code: X
Foundation: Block, Slab
Home Warranty Y/N: No
Listing Terms: Cash, Conventional
Lot Dimensions: 0.17
Other Equipment: Private Entrance, Private Yard
Ownership: Fee Simple
Property Attached Y/N: No
Property Sub-Type: Quadruplex
Sewer: Public Sewer
Showing Instructions: ShowingTime
Special Sale Provisions: None
Utilities: Public
Water: Public
Water Access Y/N: No
Zoning: RES < 10
Listed By / Shown By
Listed By
Agency Name: SLOANE REALTY, LLC
Agency Contact: 407-829-2418
Shown By
Agent Name: Stacey Olive
Agent Phone: Cell: (440) 371-9126
Agency Title: Key Realty
Estimate Your Payment
Estimated Payment
$ 2,498.42 per month $1,845.37 Principal & Interest $556.83 Property Tax $96.22 Homeowner's InsuranceChange Payment Information
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415 Vermont Avenue | MLS# O6419103
This multi-family property located at 415 Vermont Avenue, Daytona Beach, FL 32118 is currently listed for sale with an asking price of $329,900. Search Daytona Beach real estate on www.soldwithstacey.net today.